Knox County Foundation

EIN: 311768219 501(c)(3) Philanthropy & Grantmaking

Mount Vernon, OH

Total Revenue
$9,655,268
Total Expenses
$5,001,441
Total Assets
$102,945,146
Net Assets
$84,991,087
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
Marc Odenweller
Phone
7403923270
Tax Period
2023-01-01 to 2023-12-31

Knox County Foundation, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.7M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 48% operating margin.

Mission

To improve the quality of life in Knox County through planned charitable giving. To provide a vehicle for donors of varied interests to support charitable and community activities. To assess and respond to emerging and changing community needs in the fields of education, youth services, recreation, arts and culture, social services, and civic, economic and community development. To develop a permanent endowment for the community, and to serve as a catalyst for the initiation of vital projects.

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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 $5,041,878
Program Service Revenue $131,733
Investment Income $4,481,657
Other Revenue $0
TOTAL REVENUE $9,655,268

Expense Breakdown

Grants Paid $4,139,456
Salaries & Benefits $418,143
Fundraising Expenses $179,484
Program Expenses $4,462,459
Other Expenses $443,842
TOTAL EXPENSES $5,001,441

Year-over-Year Comparison

2023 2022 Change
Revenue $9,655,268 $5,789,310 +0.7%
Expenses $5,001,441 $4,918,182 +0.0%
Net Income $4,653,827 $871,128 +4.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
20

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
6
$249,555
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Scott Executive Dir. 40.00
Officer
$141,000 $8,460 $149,460
Marc Odenweller Finance Dir. 40.00
Officer
$94,430 $5,665 $100,095
Marsha Rinehart Chair 10.00
Officer Director
$0 $0 $0
Ian Watson Vice-Chair 5.00
Officer Director
$0 $0 $0
Kurt Schisler Treasurer 5.00
Officer Director
$0 $0 $0
Kim Rose Secretary 5.00
Officer Director
$0 $0 $0
Dr Christopher Cordle Trustee 1.00
Director
$0 $0 $0
Dr Michael Sullivan Trustee 1.00
Director
$0 $0 $0
Richard Mavis Trustee 1.00
Director
$0 $0 $0
Ora Smith Trustee 1.00
Director
$0 $0 $0
Otho Eyster Trustee 0.00
Director
$0 $0 $0
Vicki Sant Trustee 1.00
Director
$0 $0 $0
Kathy Daniels Trustee 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 $9,655,268 $5,001,441 $102,945,146 $4,653,827
2022 $5,789,310 $4,918,182 $88,930,244 $871,128
2021 $11,717,178 $5,734,935 $104,534,599 $5,982,243
2020 $11,387,138 $4,686,263 $87,802,057 $6,700,875
2019 $5,449,816 $3,381,924 $75,187,116 $2,067,892
2018 $4,338,230 $3,581,843 $63,122,648 $756,387
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