INGRAM-WHITE CASTLE FOUNDATION (EIN 316051433) - 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

1981

Legal Domicile

Principal Officer

SCOTT HEITKAMP

Phone

6142514000

Tax Period

2023-01-01 to 2023-12-31

INGRAM-WHITE CASTLE FOUNDATION, founded in 1981, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 14% surplus.

Mission

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT CHARITABLE ORGANIZATIONS WHICH BENEFIT THE COMMUNITY.

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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 $500

Program Service Revenue $0

Investment Income $2,678,325

Other Revenue $0

TOTAL REVENUE $2,678,825

Expense Breakdown

Grants Paid $2,154,429

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,154,429

Other Expenses $145,460

TOTAL EXPENSES $2,299,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,678,825	$2,262,735	+0.2%
Expenses	$2,299,889	$2,864,233	-0.2%
Net Income	$378,936	$-601,498	-1.6%

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

N/A

Volunteers

N/A

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

$1,048,581

Total Directors

$680,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDGAR W INGRAM III	PRESIDENT/TREAS/TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN S KOBACKER	VICE PRES/TRUSTEE	1.00	Officer Director	$0	$0	$0
MARYANN I KELLEY	ASST SECY/TRUSTEE	1.00	Officer Director	$0	$0	$0
SANDRA W HARBRECHT	TRUSTEE (THRU 6/7/23)	1.00	Director	$0	$0	$0
ANN L PIZZUTI	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS F KRIDLER	ASST SECRETARY/TRUSTEE	0.50	Officer Director	$0	$105,945	$680,084
ERIN SHANNON	SECRETARY	1.00	Officer	$0	$0	$0
SCOTT HEITKAMP	ASST TREASURER	0.50	Officer	$0	$63,469	$368,497

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	$2,678,825	$2,299,889	$60,685,881	$378,936
2022	$2,262,735	$2,864,233	$53,844,429	$-601,498
2021	$3,721,921	$3,613,560	$68,450,990	$108,361
2020	$16,765,607	$2,299,130	$61,738,342	$14,466,477
2019	$1,835,855	$2,186,584	$55,804,578	$-350,729
2018	$5,506,434	$2,867,487	$46,694,445	$2,638,947

INGRAM-WHITE CASTLE FOUNDATION