THE TROY FOUNDATION (EIN 316018703) - 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

1924

Legal Domicile

Principal Officer

MELISSA KLEPTZ

Phone

9373398935

Tax Period

2023-01-01 to 2023-12-31

THE TROY FOUNDATION, founded in 1924, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $12.0M in total revenue in fiscal year 2023. Expenses of $10.3M left a modest 14% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR OUR COMMUNITY BY CONNECTING DONORS TO CHARITABLE CAUSES FOR GROWING A GREATER TOMORROW.

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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 $8,124,445

Program Service Revenue $0

Investment Income $3,828,540

Other Revenue $11,434

TOTAL REVENUE $11,964,419

Expense Breakdown

Grants Paid $9,118,432

Salaries & Benefits $549,081

Fundraising Expenses $0

Program Expenses $9,422,652

Other Expenses $628,467

TOTAL EXPENSES $10,295,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,964,419	$11,701,989	+0.0%
Expenses	$10,295,980	$8,604,327	+0.2%
Net Income	$1,668,439	$3,097,662	-0.5%

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

$174,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE DICKERSON	CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN BEHM	GOV BD	1.00	Director	$0	$0	$0
BRENT BLACK	GOV BD	1.00	Director	$0	$0	$0
DAVE FISHER	GOV BD/TRUSTEES COMMITTEE	1.00	Director	$0	$0	$0
TOM GIERE	VICE CHAIR	1.00	Director	$0	$0	$0
COLLEEN GILARDI	GOV BD/DISTRIBUTION COMMITTEE	1.00	Director	$0	$0	$0
KATHY KERBER	GOV BD	1.00	Director	$0	$0	$0
TOM KLEPTZ	GOV BD/TRUSTEES COMMITTEE	1.00	Director	$0	$0	$0
DOUG LINS	GOV BD	1.00	Director	$0	$0	$0
ED PURVIS	GOV BD	1.00	Director	$0	$0	$0
MAURICE SADLER	GOV BD	1.00	Director	$0	$0	$0
CRAIG WISE	GOV BD	1.00	Director	$0	$0	$0
MELISSA KLEPTZ	PRESIDENT & CEO	39.90	Officer	$126,856	$48,061	$174,917
WILLIAM J FULKER	SECRETARY GOV BD (NONVOTING)	1.00	Officer	$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	$11,964,419	$10,295,980	$141,156,124	$1,668,439
2022	$11,701,989	$8,604,327	$123,423,524	$3,097,662
2021	$14,638,954	$8,080,994	$148,750,693	$6,557,960
2020	$15,775,985	$7,954,357	$125,171,217	$7,821,628
2019	$14,423,459	$8,509,052	$105,029,165	$5,914,407
2018	$12,587,046	$6,738,595	$89,521,773	$5,848,451

THE TROY FOUNDATION