SALEM COMMUNITY 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

1966

Legal Domicile

Principal Officer

JOHN E TONTI

Phone

3303324021

Tax Period

2024-01-01 to 2024-12-31

SALEM COMMUNITY FOUNDATION INC, founded in 1966, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.7M, a strong 54% operating margin.

Mission

THE SALEM COMMUNITY FOUNDATION, A PUBLIC NON-PROFIT CHARITABLE TRUST, HAS AS ITS MISSION TO IMPROVE THE QUALITY OF LIFE IN SALEM, OHIO, AND THE IMMEDIATE AREA. THE MISSION OF THE SALEM COMMUNITY FOUNDATION IS TO ASSESS AND MEET CHANGING COMMUNITY NEEDS AND INTERESTS THROUGH FINANCIAL AWARDS, AND TO ASSIST DONORS TO BUILD AND PRESERVE ENDURING ASSETS FOR CHARITABLE PURPOSES. GRANTS ARE PROVIDED THROUGH ENDOWMENT FUNDS ESTABLISHED BY GENEROUS DONORS AND SUPPORT A BROAD RANGE OF NEEDS IN THE AREAS OF ARTS AND HUMANITIES, HEALTH AND HUMAN SERVICES, PUBLIC AND COMMUNITY SERVICES, AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $2,183,049

IN CARRYING OUT THE EXEMPT PURPOSES, THE BETTERMENT OF THE COMMUNITY WAS ACHIEVED THROUGH THE DISBURSEMENT OF GRANTS TO A VARIETY OF ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,961,603

Program Service Revenue $0

Investment Income $3,020,359

Other Revenue $0

TOTAL REVENUE $4,981,962

Expense Breakdown

Grants Paid $2,060,983

Salaries & Benefits $72,272

Fundraising Expenses $0

Program Expenses $2,183,049

Other Expenses $177,178

TOTAL EXPENSES $2,310,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,981,962	$4,982,816	0.0%
Expenses	$2,310,433	$2,526,472	-0.1%
Net Income	$2,671,529	$2,456,344	+0.1%

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

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
SALVATORE C APICELLA	DIRECTOR	0.20	Director	$0	$0	$0
STEVEN J BAILEY	DIRECTOR	0.20	Director	$0	$0	$0
TOM BAKER	DIRECTOR	0.20	Director	$0	$0	$0
CAROLYN CALDWELL	DIRECTOR	0.20	Director	$0	$0	$0
LARRY G CECIL	DIRECTOR	0.20	Director	$0	$0	$0
SHANE R FRANKS	DIRECTOR	0.20	Director	$0	$0	$0
KARL GETZINGER	DIRECTOR	0.20	Director	$0	$0	$0
GEOFFREY GOLL	DIRECTOR	0.20	Director	$0	$0	$0
SEAN KIRKLAND	DIRECTOR	0.20	Director	$0	$0	$0
RICHARD K LUTSCH	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH B MCCULLOCH	DIRECTOR	0.20	Director	$0	$0	$0
AUDREY NULL	DIRECTOR	0.20	Director	$0	$0	$0
LOUIS A RAMUNNO	DIRECTOR	0.20	Director	$0	$0	$0
JOSEPH P SEDZMAK	DIRECTOR	0.20	Director	$0	$0	$0
MARK C EQUIZI	TREASURER	0.20	Officer	$0	$0	$0
GEORGE WS HAYS	SECRETARY	0.20	Officer	$0	$0	$0
ROBERT S MCCULLOCH III	VICE PRESIDE	0.20	Officer	$0	$0	$0
JOHN E TONTI	PRESIDENT	15.00	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
2025	No data	No data	No data	No data
2024	$4,981,962	$2,310,433	$44,277,065	$2,671,529
2023	$4,982,816	$2,526,472	$41,605,093	$2,456,344
2022	$3,456,677	$2,402,560	$39,149,977	$1,054,117
2021	$6,571,068	$1,799,808	$38,100,442	$4,771,260
2020	$4,183,042	$1,622,165	$33,324,600	$2,560,877
2019	$5,186,526	$1,819,695	$30,761,504	$3,366,831
2018	$3,782,388	$1,907,148	$27,394,673	$1,875,240