THE ARC NOBLE COUNTY FOUNDATIONS INCORPORATED (EIN 351173674) - 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

1970

Legal Domicile

Principal Officer

DEBBIE KOVETS

Phone

2606362155

Tax Period

2024-07-01 to 2025-06-30

THE ARC NOBLE COUNTY FOUNDATIONS INCORPORATED, founded in 1970, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $229K, a strong 17% operating margin.

Mission

TO SUPPORT INDIVIDUALS WITH DISABILITIES IN NORTHEAST INDIANA IN ORDER TO MAXIMIZE THEIR ABILITIES TO SUCCEED AT WORK, IN THEIR FAMILIES, AND IN THEIR LOCAL COMMUNITY AS WE PARTNER WITH EACH INDIVIDUAL, THEIR FAMILY AND THE COMMUNITY.

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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 $472,025

Program Service Revenue $863,115

Investment Income $18,626

Other Revenue $24,623

TOTAL REVENUE $1,378,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,338

Fundraising Expenses $31,700

Program Expenses $823,741

Other Expenses $361,864

TOTAL EXPENSES $1,149,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,378,389	$1,061,051	+0.3%
Expenses	$1,149,202	$985,836	+0.2%
Net Income	$229,187	$75,215	+2.0%

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

$103,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE KOVETS	PRESIDENT	2.40	Officer Director	$0	$0	$0
CHRIS VICE	VICE PRESIDE	5.60	Officer Director	$0	$0	$0
SUSAN VICE	TREASURER	1.60	Officer Director	$0	$0	$0
SARA WEEKS	SECRETARY	4.00	Officer Director	$0	$0	$0
JIM CHANDLER	DIRECTOR	0.20	Director	$0	$0	$0
CAROL CHANDLER	DIRECTOR	0.50	Director	$0	$0	$0
DENISE HOLBROOK	DIRECTOR	2.00	Director	$0	$0	$0
BECKY BROWN	DIRECTOR	0.60	Director	$0	$0	$0
KAYME WHETZEL	DIRECTOR	0.60	Director	$0	$0	$0
KELLY KOVETS	DIRECTOR	1.10	Director	$0	$0	$0
SARA J RAWLES	CFO	40.00	Officer	$53,621	$486	$54,107
JALYSSA KESSLER	CEO	40.00	Officer	$49,048	$406	$49,454

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	$1,378,389	$1,149,202	$862,193	$229,187
2024	$1,061,051	$985,836	$624,042	$75,215
2023	$1,219,203	$1,085,487	$573,908	$133,716
2022	$1,215,154	$1,131,515	$449,172	$83,639
2021	$1,182,111	$889,257	$548,126	$292,854
2020	$844,726	$893,252	$309,554	$-48,526
2019	$1,021,795	$986,015	$259,180	$35,780

THE ARC NOBLE COUNTY FOUNDATIONS INCORPORATED