THE LATROBE FOUNDATION INC (EIN 251124522) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

LOUIS T STEINER

Phone

7245375588

Tax Period

2024-01-01 to 2024-12-31

THE LATROBE FOUNDATION INC, founded in 1950, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $644K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $218K, a strong 34% operating margin.

Mission

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF SUCH CHARITABLE, EDUCATIONAL, LITERARY AND RECREATIONAL PURPOSES TO ENHANCE THE WELFARE OF THE PEOPLE OF THE CITY OF LATROBE, PA. AND VICINITY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $628,358

Program Service Revenue $0

Investment Income $14,646

Other Revenue $619

TOTAL REVENUE $643,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,986

Other Expenses $425,360

TOTAL EXPENSES $425,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$643,623	$958,838	-0.3%
Expenses	$425,360	$1,046,849	-0.6%
Net Income	$218,263	$-88,011	-3.5%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
LINDA M BOXX	SECRETARY	2.00	Officer Director	$0	$0	$0
R CAMERON BUERGER	DIRECTOR	N/A	Director	$0	$0	$0
RONALD F BUERGER	DIRECTOR	N/A	Director	$0	$0	$0
JOHNETTE Z DEROSE	DIRECTOR	N/A	Director	$0	$0	$0
NEAL R FENTON	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL D FERGUSON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN A GRAZIANO	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL G HENNESSY	DIRECTOR	N/A	Director	$0	$0	$0
JUDSON L KROH	DIRECTOR	N/A	Director	$0	$0	$0
DANA MALDET	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES C MASONJR	DIRECTOR	N/A	Director	$0	$0	$0
JAMES R OKONAK	V. PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD C OKONAK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL R POREMBKA	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG M SCHEVCHIK	DIRECTOR	N/A	Director	$0	$0	$0
LOUIS T STEINER	PRESIDENT	2.00	Officer Director	$0	$0	$0
LESTER R SUTTON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN A TOWNSEND	DIRECTOR	N/A	Director	$0	$0	$0
JAROD L TRUNZO	DIRECTOR	N/A	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	$643,623	$425,360	$3,716,348	$218,263
2023	$958,838	$1,046,849	$3,494,469	$-88,011
2022	$722,729	$520,143	$3,575,803	$202,586
2021	$1,073,943	$359,794	$3,413,919	$714,149
2020	$373,230	$348,718	$2,829,313	$24,512
2019	$537,939	$411,680	$2,839,739	$126,259
2018	$326,611	$363,498	$2,743,438	$-36,887

THE LATROBE FOUNDATION INC