THE EXPERIENTIAL LEARNING & ENTREPRENEURSHIP FOUNDATION INC

EIN: 351434281 501(c)(3)

CARMEL, IN

Total Revenue
$174
Total Expenses
$746,436
Total Assets
N/A
Net Assets
N/A
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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
IN
Principal Officer
GARY ALETTO
Phone
3175905953
Tax Period
2024-07-01 to 2025-06-30

THE EXPERIENTIAL LEARNING & ENTREPRENEURSHIP FOUNDATION INC, founded in 1978, is a micro nonprofit that reported $174 in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $746K exceeded revenue, resulting in a 428886% operating deficit.

Mission

THE PURPOSE OF THE FOUNDATION IS TO DEVELOP, PROMOTE, FINANCE, SUPERVISE AND ADMINISTER EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $742,436

EXPERIENTIAL LEARNING AND ENTREPRENEURSHIP ASSISTS EDUCATIONAL ORGANIZATIONS IN THE DEVELOPMENT AND IMPLEMENTATION OF VARIOUS EDUCATIONAL PROGRAMS FOR SCHOOLCHILDREN IN CENTRAL INDIANA.

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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 $0
Program Service Revenue $0
Investment Income $174
Other Revenue $0
TOTAL REVENUE $174

Expense Breakdown

Grants Paid $742,436
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $742,436
Other Expenses $4,000
TOTAL EXPENSES $746,436

Year-over-Year Comparison

2024 2023 Change
Revenue $174 $8,214 -1.0%
Expenses $746,436 N/A N/A
Net Income $-746,262 $8,214 -91.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY ALETTO BOARD CHAIRMAN 0.25
Officer Director
$0 $0 $0
GREG KROOT BOARD MEMBER 0.25
Director
$0 $0 $0
SMOKE WALLIN BOARD MEMBER 0.25
Director
$0 $0 $0
BOB PALMER VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
MIKE WELLS SECRETARY/TREASURER 0.25
Officer Director
$0 $0 $0
CHRIS LAMOTHE BOARD MEMBER 0.25
Director
$0 $0 $0
CHERYL WATSON BOARD MEMBER 0.25
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
2025 $174 $746,436 No data $-746,262
2024 $8,214 No data $746,262 No data
2023 $28,456 $14,002 $738,048 $14,454
2022 $6,024,985 $1,119,548 $723,594 $4,905,437
2021 $928,355 $1,083,788 $5,128,830 $-155,433
2020 $929,805 $1,130,510 $5,571,193 $-200,705
2019 $929,421 $1,190,463 $6,082,100 $-261,042
2018 $930,538 $1,229,972 $6,551,500 $-299,434
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