WAYNE COUNTY INDIANA FOUNDATION INC (EIN 351406033) - 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

1978

Legal Domicile

Principal Officer

REBECCA GILLIAM

Phone

7659621638

Tax Period

2023-01-01 to 2023-12-31

WAYNE COUNTY INDIANA FOUNDATION INC, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 46% operating margin.

Mission

THE WAYNE COUNTY, INDIANA, FOUNDATION, INC. EXISTS TO FOSTER AND ENCOURAGE PRIVATE PHILANTHROPIC GIVING, TO ENHANCE THE SPIRIT OF COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE IN THE WAYNE COUNTY, INDIANA AREA NOW AND FOR FUTURE GENERATIONS.

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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 $4,517,891

Program Service Revenue $863,377

Investment Income $2,189,429

Other Revenue $604,071

TOTAL REVENUE $8,174,768

Expense Breakdown

Grants Paid $2,371,699

Salaries & Benefits $564,210

Fundraising Expenses $143,558

Program Expenses $2,981,409

Other Expenses $1,438,539

TOTAL EXPENSES $4,374,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,174,768	$6,007,469	+0.4%
Expenses	$4,374,448	$4,182,578	+0.0%
Net Income	$3,800,320	$1,824,891	+1.1%

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

$220,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE SHAFFER	MEMBER	1.00	Director	$0	$0	$0
CHRIS KNIGHT	PAST TREASURER	1.00	Officer Director	$0	$0	$0
DAVID RODGERS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
RAY ONTKO	MEMBER	1.00	Director	$0	$0	$0
BRENDA MCLANE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC MARSH	MEMBER	1.00	Director	$0	$0	$0
KATHY GIRTEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AVIS STEWART	MEMBER	1.00	Director	$0	$0	$0
ROB HOUSEMAN	AT-LARGE	1.00	Officer Director	$0	$0	$0
JODIE SCHEIBEN	MEMBER	1.00	Director	$0	$0	$0
DICK SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
BRETT GUILEY	MEMBER	1.00	Director	$0	$0	$0
RON HOLDBROOK	MEMBER	1.00	Director	$0	$0	$0
CHERI JETMORE	MEMBER	1.00	Director	$0	$0	$0
PAUL WITTE	MEMBER	1.00	Director	$0	$0	$0
AMY WALTZ	FINANCE OFFICER	40.00	Officer	$79,102	$18,155	$97,257
REBECCA GILLIAM	EXECUTIVE DIRECTOR	40.00	Officer	$109,389	$13,428	$122,817

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	$8,174,768	$4,374,448	$65,996,640	$3,800,320
2022	$6,007,469	$4,182,578	$56,668,703	$1,824,891
2020	$6,471,936	$3,809,622	$59,378,205	$2,662,314
2019	$9,521,795	$3,758,617	$50,511,383	$5,763,178
2018	$8,077,405	$3,252,829	$39,099,003	$4,824,576

WAYNE COUNTY INDIANA FOUNDATION INC