The Karen Wellington Memorial Foundation (EIN 263768567) - 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

2009

Legal Domicile

Phone

5136292812

Tax Period

2024-01-01 to 2024-12-31

The Karen Wellington Memorial Foundation, founded in 2009, is a community nonprofit in the Diseases & Disorders sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

We put fun on the calendars of women and families with breast cancer by sending them on special vacations, relaxing spa days, dinners out, concerts, and other fun-only activities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,197,306

Program Service Revenue $0

Investment Income $28,981

Other Revenue $-55,614

TOTAL REVENUE $1,170,673

Expense Breakdown

Grants Paid $618,717

Salaries & Benefits $512,340

Fundraising Expenses $194,962

Program Expenses $912,961

Other Expenses $217,490

TOTAL EXPENSES $1,348,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,170,673	$1,113,655	+0.1%
Expenses	$1,348,547	$1,163,054	+0.2%
Net Income	$-177,874	$-49,399	+2.6%

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

Volunteers

325

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

$99,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Alsip Elbisser	Executive Director	40.00	Officer	$99,500	$0	$99,500
Kent Wellington	Chair	1.00	Officer Director	$0	$0	$0
Terri Karsten	Vice Chair	1.00	Officer Director	$0	$0	$0
Chad Neiter	Treasurer	1.00	Officer Director	$0	$0	$0
Robby Wellington	Secretary	1.00	Officer Director	$0	$0	$0
Marie Arcuri	Director	1.00	Officer Director	$0	$0	$0
Lori Falke	Director	1.00	Director	$0	$0	$0
Connie Laug	Director	1.00	Director	$0	$0	$0
Steven Reder	Director	1.00	Director	$0	$0	$0
Liz Knecht	Director	1.00	Director	$0	$0	$0
Tashawna Otabil	Director	1.00	Director	$0	$0	$0
Christopher Smitherman	Director	1.00	Director	$0	$0	$0
Katherine Nero	Director	1.00	Director	$0	$0	$0
Molly Flanagan	Director	1.00	Director	$0	$0	$0
Joe Pellegrini	Director	1.00	Director	$0	$0	$0
Breanna Bovara	Director	1.00	Director	$0	$0	$0
Kim Amrine	Director	1.00	Director	$0	$0	$0
Kecia Benneth	Director	1.00	Director	$0	$0	$0
Liam McMillian	Director	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	$1,170,673	$1,348,547	$514,752	$-177,874
2023	$1,113,655	$1,163,054	$702,361	$-49,399
2022	$900,934	$877,654	$628,985	$23,280
2021	$700,881	$648,351	$650,189	$52,530
2020	$613,190	$435,814	$570,520	$177,376
2019	$587,708	$461,062	$383,745	$126,646
2018	$605,386	$634,515	$233,783	$-29,129

The Karen Wellington Memorial Foundation