BOYLE CO INDUSTRIAL FOUNDATION INC (EIN 237300083) - 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

1961

Legal Domicile

Principal Officer

ALAN TURBYFILL

Phone

8592362631

Tax Period

2023-07-01 to 2024-06-30

BOYLE CO INDUSTRIAL FOUNDATION INC, founded in 1961, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $195K exceeded revenue, resulting in a 265% operating deficit.

Mission

THE FOUNDATION IS A NONPROFIT CORPORATION IN THE BUSINESS OF DEVELOPING COMMERCIAL AND INDUSTRIAL PROPERTY AND RECRUITING INDUSTRIAL PROSPECTS FOR BOYLE COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $96,759

Other Revenue $-43,257

TOTAL REVENUE $53,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,432

Other Expenses $195,295

TOTAL EXPENSES $195,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,502	$59,188	-0.1%
Expenses	$195,295	$231,825	-0.2%
Net Income	$-141,793	$-172,637	-0.2%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN TURBYFILL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG CAUDILL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ALBRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST DUNN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LONGENECKER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GILBERT NEWBY	DIRECTOR	1.00	Director	$0	$0	$0
DAN MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
JOEY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CINDY ELLSWORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY CARTER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW J FRAUENHOFFER	TREASURER	1.00	Officer Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$53,502	$195,295	$3,725,471	$-141,793
2023	$59,188	$231,825	$3,959,893	$-172,637
2022	$52,373	$180,794	$4,098,601	$-128,421
2021	$169,239	$162,401	$4,416,402	$6,838
2020	$198,719	$145,280	$6,362,792	$53,439
2019	$99,287	$153,422	$6,411,820	$-54,135
2018	$618,685	$166,568	$6,491,005	$452,117

BOYLE CO INDUSTRIAL FOUNDATION INC