LONGYEAR FOUNDATION (EIN 042203829) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

SANDRA J HOUSTON

Phone

6172789000

Tax Period

2024-01-01 to 2024-12-31

LONGYEAR FOUNDATION, founded in 1933, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $5.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ADVANCE UNDERSTANDING OF THE LIFE & WORK OF MARY BAKER EDDY, DISCOVERER OF CHRISTIAN SCIENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,412,674

Program Service Revenue $176,656

Investment Income $511,104

Other Revenue $40,842

TOTAL REVENUE $5,141,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,147,761

Fundraising Expenses $361,498

Program Expenses $4,755,492

Other Expenses $2,732,668

TOTAL EXPENSES $5,880,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,141,276	$8,558,090	-0.4%
Expenses	$5,880,429	$5,306,676	+0.1%
Net Income	$-739,153	$3,251,414	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$396,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD C GRIER	TRUSTEE/CHAIRMAN	10.00	Officer Director	$0	$0	$0
JAMES HERTLEIN	TRUSTEE/VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
HONORABLE JAMES S ROSEBUSH	TRUSTEE/TREASURER	10.00	Officer Director	$0	$0	$0
FRANCESCA KARPEL	TRUSTEE	5.00	Director	$0	$0	$0
DEBORAH THOMPSON MCNEIL	TRUSTEE	5.00	Director	$0	$0	$0
HENDERSON DALE MILLER	TRUSTEE	5.00	Director	$0	$0	$0
SANDRA J HOUSTON	PRES. & EXECUTIVE DIRECTOR	41.00	Officer	$172,482	$13,288	$185,770
ALICE M HUMMER	SEC. & DIR. OF COMMUNICATIONS	38.00	Officer	$110,458	$10,891	$121,349
ERIK OLSEN	CHIEF OPERATING OFFICER	39.00	Officer	$85,009	$4,587	$89,596
DEBORAH WOLD	DIRECTOR OF COLLECTIONS	46.00	Highest	$103,287	$5,666	$108,953

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,141,276	$5,880,429	$85,724,733	$-739,153
2023	$8,558,090	$5,306,676	$86,823,475	$3,251,414
2022	$3,928,875	$4,943,510	$84,457,018	$-1,014,635
2021	$3,937,071	$4,579,729	$89,717,861	$-642,658
2020	$16,723,242	$4,213,850	$85,792,642	$12,509,392
2019	$4,752,024	$4,347,779	$69,027,055	$404,245
2018	$20,132,455	$4,148,861	$66,978,026	$15,983,594

LONGYEAR FOUNDATION