TIPTON COUNTY FOUNDATION INC (EIN 311175045) - 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

1985

Legal Domicile

Principal Officer

JASON HARE

Phone

7656758480

Tax Period

2023-01-01 to 2023-12-31

TIPTON COUNTY FOUNDATION INC, founded in 1985, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 34% operating margin.

Mission

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE OF 1986, OR CORRESPONDING SECTIONS OF ANY SUBSEQUENT FEDERAL TAX CODE. IT IS EMPOWERED TO ADMINISTER AND DISTRIBUTE PROPERTY FOR THE AFORESAID PURPOSES IN ACCORDANCE WITH THE TERMS OF ANY SUCH CHARITABLE GIFT, GRANT, DEVISE OR BEQUEST, SUBJECT TO ANY LIMITATION OR RESTRICTION IMPOSED BY ANY LAW, AND THE PROVISIONS OF THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE FOUNDATION. IN FURTHERANCE OF THE AFORESAID PURPOSES, THE FOUNDATION MAY TRANSACT ANY AND ALL LAWFUL BUSINESS, PROVIDED SUCH BUSINESS IS NOT INCONSISTENT WITH THE FOUNDATION BEING ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES.

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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 $587,677

Program Service Revenue $637,888

Investment Income $2,389,173

Other Revenue $1,073

TOTAL REVENUE $3,615,811

Expense Breakdown

Grants Paid $1,056,556

Salaries & Benefits $346,890

Fundraising Expenses $103,021

Program Expenses $1,934,586

Other Expenses $974,661

TOTAL EXPENSES $2,378,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,615,811	$2,422,266	+0.5%
Expenses	$2,378,107	$2,247,705	+0.1%
Net Income	$1,237,704	$174,561	+6.1%

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

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

$116,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HARE	CHAIRMAN	1.50	Officer Director	$0	$0	$0
SUSAN POWELL	VICE CHAIR	1.50	Officer Director	$0	$0	$0
ZACK CONNER	TREASURER	1.50	Officer Director	$0	$0	$0
AMBER RODIBAUGH	SECRETARY	1.50	Officer Director	$0	$0	$0
MELISSA CUNNYNGHAM	DIRECTOR	1.00	Director	$0	$0	$0
HARRY DIAMOND	DIRECTOR	1.00	Director	$0	$0	$0
ABBY HOBBS	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MUNDELL	DIRECTOR	1.00	Director	$0	$0	$0
BRYCE SILVEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WOELFERT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ZAHN	DIRECTOR	1.00	Director	$0	$0	$0
TRISH ZICKMUND	DIRECTOR	1.50	Director	$0	$0	$0
MARK BAIRD	EXECUTIVE DI	40.00	Officer	$116,626	$0	$116,626

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	$3,615,811	$2,378,107	$52,596,635	$1,237,704
2022	$2,422,266	$2,247,705	$46,768,586	$174,561
2021	$4,818,376	$1,695,994	$56,616,613	$3,122,382
2020	$2,345,074	$1,332,369	$50,957,557	$1,012,705
2019	$2,217,610	$1,858,423	$46,555,739	$359,187
2018	$6,567,748	$1,668,433	$40,689,187	$4,899,315

TIPTON COUNTY FOUNDATION INC