COLUMBUS FOUNDATION (EIN 316044264) - 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

1945

Legal Domicile

Principal Officer

SCOTT HEITKAMP

Phone

6142514000

Tax Period

2023-01-01 to 2023-12-31

COLUMBUS FOUNDATION, founded in 1945, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $255.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $342.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE COLUMBUS FOUNDATION IS ENTRUSTED TO IMPROVE THE QUALITY OF LIFE FOR ALL ITS RESIDENTS.

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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 $150,041,314

Program Service Revenue $0

Investment Income $105,146,638

Other Revenue $567,005

TOTAL REVENUE $255,754,957

Expense Breakdown

Grants Paid $327,512,382

Salaries & Benefits $10,515,172

Fundraising Expenses $3,420,000

Program Expenses $332,861,264

Other Expenses $4,684,820

TOTAL EXPENSES $342,712,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,754,957	$287,508,310	-0.1%
Expenses	$342,712,374	$299,743,646	+0.1%
Net Income	$-86,957,417	$-12,235,336	+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

624

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

$1,621,765

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARK KELLOGG	CHAIRPERSON/TRUSTEE	1.00	Officer Director	$0	$0	$0
JEFFREY W EDWARDS	VICE CHAIRPERSON/TRUSTEE	1.00	Officer Director	$0	$0	$0
GEORGE S BARRETT	TRUSTEE	1.00	Director	$0	$0	$0
LISA INGRAM	TRUSTEE	1.00	Director	$0	$0	$0
JANE GROTE ABELL	TRUSTEE	1.00	Director	$0	$0	$0
KATIE WOLFE LLOYD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J HICKS II MD	TRUSTEE	1.00	Director	$0	$0	$0
MARCHELLE E MOORE	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW A SCANTLAND	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS F KRIDLER	PRESIDENT & CEO	40.00	Officer	$574,139	$105,945	$680,084
SCOTT G HEITKAMP	VICE PRESIDENT & CFO	40.00	Officer	$305,028	$63,469	$368,497
ANGELA G PARSONS	VICE PRESIDENT OF DSD	40.00	Officer	$255,130	$58,986	$314,116
DAN SHARPE	VICE PRESIDENT CRGM	40.00	Officer	$223,882	$35,186	$259,068
JOHN B BRITTON	DIR. OF PLANNED GVG. & GNL	40.00	Highest	$247,937	$58,408	$306,345
STEVEN MOORE	CHIEF OF STAFF	40.00	Highest	$195,085	$23,469	$218,554
GREGG OOSTERBAAN	VICE PRESIDENT OF INFORMAT	40.00	Highest	$185,636	$51,333	$236,969
TESS TANNEHILL	SENIOR ADVISOR AND ASSOC. GEN. COUNSEL	40.00	Highest	$216,725	$16,308	$233,033
TAMARA J DURRENCE	VICE PRESIDENT SUPPORTING	40.00	Highest	$189,733	$25,458	$215,191

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	$255,754,957	$342,712,374	$2,487,180,715	$-86,957,417
2022	$287,508,310	$299,743,646	$2,369,457,379	$-12,235,336
2021	$582,508,645	$210,278,469	$2,768,665,470	$372,230,176
2020	$316,145,889	$211,430,740	$2,241,760,925	$104,715,149
2019	$304,494,598	$151,859,802	$1,997,426,344	$152,634,796
2018	$255,021,977	$198,704,202	$1,628,783,580	$56,317,775

COLUMBUS FOUNDATION