SALOPEK FOUNDATION (EIN 300027893) - 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

2001

Legal Domicile

Principal Officer

BENJAMIN SALOPEK

Phone

5755240552

Tax Period

2023-01-01 to 2023-12-31

SALOPEK FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $497K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $915K exceeded revenue, resulting in a 84% operating deficit.

Mission

SUPPORT, MANAGE, AND FUND EDUCATIONAL PROGRAMS OF NEW MEXICO STATE UNIVERSITY AND TEXAS A&M UNIVERSITY WHICH, BUT FOR THIS ORGANIZATION, WOULD BE ENGAGED IN BY THE UNIVERSITIES THEMSELVES. THIS INCLUDES, BUT IS NOT LIMITED TO, SCHOLARSHIP PROGRAMS AND RESEARCH PROGRAMS.

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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 $0

Program Service Revenue $0

Investment Income $125,958

Other Revenue $370,903

TOTAL REVENUE $496,861

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,000

Other Expenses $664,848

TOTAL EXPENSES $914,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,861	$2,268,613	-0.8%
Expenses	$914,848	$1,020,273	-0.1%
Net Income	$-417,987	$1,248,340	-1.3%

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

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
BENJAMIN G SALOPEK	PRESIDENT	4.00	Officer Director	$0	$0	$0
M DUSTIN SALOPEK	VP, SEC/TREASURER	4.00	Officer Director	$0	$0	$0
BRAD E LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
DR GEORGE RAY MCEACHERN	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	No data	No data	No data	No data
2023	$496,861	$914,848	$14,935,011	$-417,987
2022	$2,268,613	$1,020,273	$14,729,725	$1,248,340
2021	$977,481	$921,568	$13,665,939	$55,913
2020	$1,091,539	$1,084,638	$13,786,602	$6,901
2019	$946,710	$1,005,976	$13,948,650	$-59,266
2018	$901,448	$803,787	$14,169,570	$97,661

SALOPEK FOUNDATION