THE VAN WERT COUNTY FOUNDATION (EIN 340907558) - 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

1925

Legal Domicile

Principal Officer

SETH BAKER

Phone

4192381743

Tax Period

2023-01-01 to 2023-12-31

THE VAN WERT COUNTY FOUNDATION, founded in 1925, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Expenses of $5.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MISSION IS TO RECEIVE AND INVEST CONTRIBUTIONS TO FURTHER THE MENTAL, MORAL, INTELLECTUAL OR PHYSICAL WELFARE AND ADVANCEMENT OF CITIZENS OF VAN WERT COUNTY, OHIO AND SUCH OTHER AREAS AS DIRECTED BY A DONOR. THE VAN WERT COUNTY FOUNDATION TRANSFORMS QUALITY OF LIFE BY SUPPORTING PURPOSEFUL ENDOWMENTS, INSPIRING COLLECTIVE GROWTH, AND BUILDING INITIATIVES FOR THE FUTURE.

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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 $2,491,318

Program Service Revenue $0

Investment Income $1,030,141

Other Revenue $998,749

TOTAL REVENUE $4,520,208

Expense Breakdown

Grants Paid $3,483,706

Salaries & Benefits $883,449

Fundraising Expenses $0

Program Expenses $4,322,959

Other Expenses $981,323

TOTAL EXPENSES $5,348,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,520,208	$4,303,175	+0.1%
Expenses	$5,348,478	$4,384,097	+0.2%
Net Income	$-828,270	$-80,922	+9.2%

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

$175,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CLAY	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN RENNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARK WHITE	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM BURENGA	TRUSTEE	1.00	Director	$0	$0	$0
ANDY CZAJKOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
CINDY HURLESS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES KOCH	TRUSTEE	1.00	Director	$0	$0	$0
THAD LICHTENSTEIGER	TRUSTEE	1.00	Director	$0	$0	$0
RANDY MYERS	TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS W PURMORT III	TRUSTEE	1.00	Director	$0	$0	$0
TIM STOLLER	TRUSTEE	1.00	Director	$0	$0	$0
GARY TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
TOM TURNWALD	TRUSTEE	1.00	Director	$0	$0	$0
EVA YARGER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STACY ADAM	TRUSTEE	1.00	Director	$0	$0	$0
JON BAGLEY	TRUSTEE	1.00	Director	$0	$0	$0
PAT JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
SETH BAKER	CEO	40.00	Officer	$128,147	$11,262	$139,409
MICHAEL HOLIDAY	CFO	20.00	Officer	$35,000	$942	$35,942

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	$4,520,208	$5,348,478	$77,906,636	$-828,270
2022	$4,303,175	$4,384,097	$72,768,008	$-80,922
2021	$5,243,606	$5,388,017	$84,063,134	$-144,411
2020	$5,938,417	$3,992,876	$75,300,533	$1,945,541
2019	$9,870,938	$3,357,086	$67,703,583	$6,513,852
2018	$3,414,457	$3,460,568	$57,929,788	$-46,111

THE VAN WERT COUNTY FOUNDATION