THE O WAYNE AND GLENDA SUE MORTENSON CHARITABLE FOUNDATION INC

EIN: 262883099 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$353,878
Total Expenses
$341,942
Total Assets
$524,137
Net Assets
$524,137
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
KY
Principal Officer
O WAYNE MORTENSON
Phone
5022548500
Tax Period
2023-01-01 to 2023-12-31

THE O WAYNE AND GLENDA SUE MORTENSON CHARITABLE FOUNDATION INC, founded in 2008, is a small nonprofit in the Health Care sector that reported $354K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $342K left a modest 3% surplus.

Mission

THE ORGANIZATION IS COMMITTED TO PROGRAMS THAT SUPPORT EDUCATION, HEALTHCARE AND EMPLOYEE ASSISTANCE IN OUR COMMUNITY AND AROUND THE WORLD. WE SUPPORT OUR TEAM MEMBERS AND THEIR FAMILIES IN TIMES OF CRISIS OR WITH EDUCATIONAL ENDEAVORS.

Program Service Accomplishments

Program 1
Expenses: $336,347

THE ORGANIZATION PROVIDES GRANTS AND ASSISTANCE TO EDUCATIONAL INSTITUTIONS, NONPROFIT ORGANIZATIONS AND INDIVIDUALS TO FACILITATE HIGHER EDUCATION, SCIENTIFIC RESEARCH, AND CHARITABLE GIVING. DURING...

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THE ORGANIZATION PROVIDES GRANTS AND ASSISTANCE TO EDUCATIONAL INSTITUTIONS, NONPROFIT ORGANIZATIONS AND INDIVIDUALS TO FACILITATE HIGHER EDUCATION, SCIENTIFIC RESEARCH, AND CHARITABLE GIVING. DURING 2023, THE ORGANIZATION PROVIDED 53 EDUCATIONAL SCHOLARSHIPS, 25 GRANTS TO HEALTHCARE OR EDUCATIONAL INSTITUTIONS AND PROVIDED TEAM MEMBER ASSISTANCE TO 201 INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $353,878
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $353,878

Expense Breakdown

Grants Paid $222,331
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $336,347
Other Expenses $119,611
TOTAL EXPENSES $341,942

Year-over-Year Comparison

2023 2022 Change
Revenue $353,878 $325,688 +0.1%
Expenses $341,942 $329,461 +0.0%
Net Income $11,936 $-3,773 -4.2%
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

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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
6
Independent Members
6
Employees
N/A
Volunteers
7

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
O WAYNE MORTENSON PRESIDENT 1.00
Officer Director
$0 $0 $0
GLENDA SUE MORTENSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
EMILY KIEFER SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
TANYA STEWART TREASURER/DIRECTOR 3.00
Officer Director
$0 $0 $0
DAWN BRUTSCHER EXECUTIVE DIRECTOR/DIRECTOR 1.00
Officer Director
$0 $0 $0
DENA ENGILMAN DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM D ENGILMAN DIRECTOR (UNTIL 7/15/23) 1.00
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 $353,878 $341,942 $524,137 $11,936
2022 $325,688 $329,461 $513,201 $-3,773
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