FELIX E MARTIN JR FOUNDATION INC

EIN: 262193468 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
$2,785,040
Total Expenses
$2,712,159
Total Assets
$71,185,748
Net Assets
$68,941,604
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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
2008
Legal Domicile
KY
Principal Officer
ALYSSA MANNING
Phone
5025627505
Tax Period
2022-07-01 to 2023-06-30

FELIX E MARTIN JR FOUNDATION INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2022. Revenue surged 29399% from the prior year, signaling strong growth momentum. Net assets of $68.9M represent 297 months of operating reserves.

Mission

THE FELIX E. MARTIN JR. FOUNDATION SEEKS TO ENRICH THE LIVES OF THE CITIZENS OF MUHLENBERG COUNTY, KENTUCKY BY PROVIDING SUPPORT TO QUALIFIED ORGANIZATIONS TO MEET EDUCATIONAL, CIVIC AND CULTURAL NEEDS OF THE COUNTY, BOTH TODAY AND FOR GENERATIONS TO COME.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $115,100
Program Service Revenue $0
Investment Income $2,669,940
Other Revenue $0
TOTAL REVENUE $2,785,040

Expense Breakdown

Grants Paid $1,820,692
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,115,769
Other Expenses $891,467
TOTAL EXPENSES $2,712,159

Year-over-Year Comparison

2022 2021 Change
Revenue $2,785,040 $9,441 +294.0%
Expenses $2,712,159 $4,221,984 -0.4%
Net Income $72,881 $-4,212,543 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

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
5
$154,010
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANIE GARDNER DIRECTOR 1.00
Director
$0 $0 $0
CANDANCE BRAKE DIRECTOR (START 1/23) 1.00
Director
$0 $0 $0
MIMI ZINNIEL DIRECTOR 1.00
Director
$0 $0 $0
PAUL SCHULTE DIRECTOR (ENDED 12/22) 1.00
Director
$0 $0 $0
SARA HEMINGWAY TREASURER(ENDED 12/22)/DIRECTOR 1.00
Officer Director
$0 $0 $0
MIKE MERCER DIRECTOR/TREASURER (START 1/23) 1.00
Officer Director
$0 $0 $0
MARK CAMPISANO VICE CHAIR 1.00
Officer Director
$0 $0 $0
BARBIE HUNT CHAIR 2.00
Officer Director
$0 $0 $0
ALYSSA MANNING PRESIDENT/SECRETARY 40.00
Officer
$0 $11,836 $154,010
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 No data No data No data No data
2023 $2,785,040 $2,712,159 $71,185,748 $72,881
2022 $9,441 $4,221,984 $65,415,827 $-4,212,543
2021 $5,817,946 $1,997,998 $76,641,628 $3,819,948
2020 $2,364,514 $1,907,349 $59,689,667 $457,165
2019 $2,768,913 $5,424,012 $63,126,775 $-2,655,099
2018 $4,508,973 $2,343,714 $60,647,506 $2,165,259
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