Schnormeier Gardens Foundation (EIN 261851213) - 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

2007

Legal Domicile

Phone

7404272612

Tax Period

2023-01-01 to 2023-12-31

Schnormeier Gardens Foundation, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $739K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $710K, a strong 96% operating margin.

Mission

Schnormeier Gardens Foundation serves as a supporting organization of Knox County Foundation providing additional park grounds to the Schnormeier Gardens allowing the public to enjoy peace, harmony, and serentity during their visit.

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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 $2,737

Program Service Revenue $87,057

Investment Income $636,167

Other Revenue $12,832

TOTAL REVENUE $738,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,786

Other Expenses $28,679

TOTAL EXPENSES $28,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$738,793	$345,907	+1.1%
Expenses	$28,679	$46,758	-0.4%
Net Income	$710,114	$299,149	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Mahar	Chair	5.00	Officer Director	$0	$0	$0
Scott Shremshock	Vice-Chair	1.00	Officer Director	$0	$0	$0
Sally Nelson	Treasurer	5.00	Officer Director	$0	$0	$0
Carol Garner	Trustee	10.00	Director	$0	$0	$0
Barry Bowden	Trustee	1.00	Director	$0	$0	$0
Christopher Cordle	Trustee	1.00	Director	$0	$0	$0
Theodore Schnormeier	Trustee	20.00	Director	$0	$0	$0
David Schnormeier	Trustee	5.00	Director	$0	$0	$0
Marc Odenweller	Secretary	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
2024	No data	No data	No data	No data
2023	$738,793	$28,679	$13,795,484	$710,114
2022	$345,907	$46,758	$11,722,046	$299,149
2021	$602,023	$39,700	$13,804,393	$562,323
2020	$2,608,378	$42,158	$11,479,121	$2,566,220
2019	$356,307	$54,798	$7,264,195	$301,509
2018	$3,126,833	$40,539	$5,913,215	$3,086,294

Schnormeier Gardens Foundation