SALEM COMMUNITY FOUNDATION INC

EIN: 341001130 501(c)(3) Philanthropy & Grantmaking

SALEM, OH

Total Revenue
$4,981,962
Total Expenses
$2,310,433
Total Assets
$44,277,065
Net Assets
$44,275,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
OH
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

BETTERMENT OF THE LOCAL COMMUNITY BY 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
2
Volunteers
18

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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