HENRY C ULEN FOUNDATION INC

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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

2010

Legal Domicile

Principal Officer

KENT FRANDSEN

Phone

7654825310

Tax Period

2023-01-01 to 2023-12-31

HENRY C ULEN FOUNDATION INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $273K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $496K exceeded revenue, resulting in a 82% operating deficit.

Mission

PRESERVE AND MAINTAIN HISTORIC ULEN COUNTRY CLUB.

Program Service Accomplishments

Program 1

TO PRESERVE AND MAINTAIN HISTORIC ULEN COUNTRY CLUB

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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 $264,995

Program Service Revenue $0

Investment Income $3,732

Other Revenue $4,271

TOTAL REVENUE $272,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $495,326

Other Expenses $496,050

TOTAL EXPENSES $496,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,998	$181,653	+0.5%
Expenses	$496,050	$26,426	+17.8%
Net Income	$-223,052	$155,227	-2.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET DOLLARD	DIRECTOR	N/A	Director	$0	$0	$0
RANDY FRANCIS	DIRECTOR	N/A	Director	$0	$0	$0
KENT FRANDSEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARY ANN HERNY	DIRECTOR	N/A	Director	$0	$0	$0
JOSH KAMMERER	TREASURER	N/A	Officer Director	$0	$0	$0
KERRY KRIES	DIRECTOR	N/A	Director	$0	$0	$0
PETE OBREMSKEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ANNE PATTERSON	DIRECTOR	N/A	Director	$0	$0	$0
SALLY TANSELLE	SECRETARY	N/A	Officer Director	$0	$0	$0
CHIP WERRY	DIRECTOR	N/A	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	$272,998	$496,050	$401,617	$-223,052
2022	$181,653	$26,426	$575,613	$155,227
2021	$134,287	$27,116	$519,173	$107,171