The Altenheim Foundation Inc (EIN 341647102) - 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

1990

Legal Domicile

Principal Officer

DAVID KNOWLES

Phone

4402383361

Tax Period

2023-01-01 to 2023-12-31

The Altenheim Foundation Inc, founded in 1990, is a small nonprofit that reported $490K in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $318K, a strong 65% operating margin.

Mission

THE FOUNDATION RAISES FUNDS AND MANAGES INVESTMENTS TO SUPPORT THE OPERATIONS OF WEST SIDE DEUTSCHER FRAUEN VEREIN DBA THE ALTENHEIM WHICH PROVIDES A CONTINUUM OF CARE TO ELDERLY

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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 $332,675

Program Service Revenue $0

Investment Income $138,363

Other Revenue $18,689

TOTAL REVENUE $489,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,923

Fundraising Expenses $153,942

Program Expenses $0

Other Expenses $69,629

TOTAL EXPENSES $171,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$489,727	$219,283	+1.2%
Expenses	$171,552	$222,656	-0.2%
Net Income	$318,175	$-3,373	-95.3%

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

$284,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL PSOTA	CEO	2.0	Officer	$0	$33,428	$284,397
JOHN KEDZIOR	SECRETARY	0.5	Officer Director	$0	$0	$0
DAVID KNOWLES	PRESIDENT	0.25	Officer Director	$0	$0	$0
NORBERT MANZ	SECOND VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
STEVE SARTSCHEV	TREASURER	0.25	Officer Director	$0	$0	$0
BRIGITTE WARD	DIRECTOR	0.1	Director	$0	$0	$0
TAMMY HASELEY	DIRECTOR	0.1	Director	$0	$0	$0
BARRY ZIMMERMAN	FIRST VICE PRESIDENT	0.1	Officer Director	$0	$0	$0
SUE RIEDTHALER	DIRECTOR	0.1	Director	$0	$0	$0
ED OLIVEROS	DIRECTOR	0.2	Director	$0	$0	$0
KARL HELFRICH	DIRECTOR	0.25	Director	$0	$0	$0
JIM KAMINSKI	DIRECTOR	0.25	Director	$0	$0	$0
GERALD BALINT	DIRECTOR	0.25	Director	$0	$0	$0
DEBBIE BRASSELL	DIRECTOR	0.1	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	$489,727	$171,552	$6,487,015	$318,175
2022	$219,283	$222,656	$5,663,486	$-3,373
2021	$270,835	$305,151	$6,835,223	$-34,316
2020	$199,489	$201,451	$6,027,405	$-1,962
2019	$200,244	$208,595	$5,435,704	$-8,351
2019	$680,016	$208,596	$5,435,704	$471,420
2018	$313,514	$584,293	$6,071,956	$-270,779

The Altenheim Foundation Inc