The Buckeye Institute (EIN 311278593) - 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

1989

Legal Domicile

Principal Officer

Robert Alt

Phone

6142244422

Tax Period

2023-01-01 to 2023-12-31

The Buckeye Institute, founded in 1989, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 39% operating margin.

Mission

The Buckeye Institute's mission is to advance free-market public policy in the states.

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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 $4,227,221

Program Service Revenue $0

Investment Income $359,779

Other Revenue $29,008

TOTAL REVENUE $4,616,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,010,566

Fundraising Expenses $105,518

Program Expenses $2,565,759

Other Expenses $804,354

TOTAL EXPENSES $2,815,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,616,008	$2,582,970	+0.8%
Expenses	$2,815,055	$2,210,578	+0.3%
Net Income	$1,800,953	$372,392	+3.8%

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

$405,184

Total Directors

$405,184

Key Employees

$469,027

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Alt	President and CEO	40.00	Officer Director	$370,675	$34,509	$405,184
Bradley A Smith	Chair	1.00	Officer Director	$0	$0	$0
Mark D Jordan	Vice Chair and Secretary	1.00	Officer Director	$0	$0	$0
Andrew O Smith	Treasurer	1.00	Officer Director	$0	$0	$0
Hal R Arkes	Trustee	1.00	Director	$0	$0	$0
Rea S Hederman Jr	Vice President of Policy	40.00	Key Emp	$185,923	$29,754	$215,677
Rebekah Alt	Chief Operating Officer	40.00	Key Emp	$245,000	$8,350	$253,350
Joe Nichols	Director of External Relations	40.00	Highest	$136,900	$4,725	$141,625
Lisa A Gates	Vice President of Communications	40.00	Highest	$100,261	$12,718	$112,979
David C Tryon	Director of Litigation	40.00	Highest	$119,473	$23,059	$142,532
Greg R Lawson	Research Fellow	40.00	Highest	$100,642	$3,637	$104,279

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	$4,616,008	$2,815,055	$7,289,169	$1,800,953
2022	$2,582,970	$2,210,578	$5,455,675	$372,392
2021	$3,364,982	$2,252,449	$5,175,281	$1,112,533
2020	$2,164,207	$1,943,994	$3,833,731	$220,213
2019	$2,759,865	$2,288,757	$3,624,571	$471,108
2018	$3,441,453	$2,393,920	$3,176,579	$1,047,533

The Buckeye Institute