HOBART AMES FOUNDATION (EIN 046009940) - 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

1949

Legal Domicile

Principal Officer

ROBERT H FREY

Phone

8888663275

Tax Period

2024-01-01 to 2024-12-31

HOBART AMES FOUNDATION, founded in 1949, is a mid-sized nonprofit in the Unknown sector that reported $24.6M in total revenue in fiscal year 2024. Revenue surged 315% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.3M, a strong 86% operating margin.

Mission

PURPOSES UNDER A COOPERATIVE PROGRAM PLANNED & APPROVED BY THE TRUSTEES AND THE UNIVERSITY OF TN.

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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 $1,199,767

Program Service Revenue $1,472,610

Investment Income $21,954,288

Other Revenue $3,000

TOTAL REVENUE $24,629,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,856

Fundraising Expenses $0

Program Expenses $3,253,844

Other Expenses $3,324,186

TOTAL EXPENSES $3,348,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,629,665	$5,933,865	+3.2%
Expenses	$3,348,042	$3,471,114	0.0%
Net Income	$21,281,623	$2,462,751	+7.6%

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

N/A

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

$3,000

Total Directors

$20,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT H FREY	CO-TRUSTEE	1.00	Director	$6,952	$0	$6,952
MR OLIVER A SPAULDING	CO-TRUSTEE	1.00	Director	$6,952	$0	$6,952
AUGUSTA HAYDOCK	CO-TRUSTEE	1.00	Director	$6,952	$0	$6,952
MATTHEW BACKUS	PLANTATION MANAGER	1.00	Officer	$3,000	$0	$3,000

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	$24,629,665	$3,348,042	$38,481,275	$21,281,623
2023	$5,933,865	$3,471,114	$16,775,257	$2,462,751
2022	$2,159,529	$3,159,830	$13,490,774	$-1,000,301
2021	$2,790,265	$2,905,136	$14,431,174	$-114,871
2020	$2,218,479	$2,794,093	$14,548,040	$-575,614
2019	$2,938,931	$2,974,007	$14,877,477	$-35,076

HOBART AMES FOUNDATION