ABATE FOUNDATION INC (EIN 351812652) - 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

1987

Legal Domicile

Principal Officer

JAY JACKSON

Phone

3174228040

Tax Period

2024-01-01 to 2024-12-31

ABATE FOUNDATION INC, founded in 1987, is a small nonprofit in the Education sector that reported $252K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 35% operating margin.

Mission

RAISING MONEY FOR INDIANA BASED CHARITIES

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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 $2,724

Program Service Revenue $0

Investment Income $0

Other Revenue $249,312

TOTAL REVENUE $252,036

Expense Breakdown

Grants Paid $75,224

Salaries & Benefits $0

Fundraising Expenses $72,225

Program Expenses $87,520

Other Expenses $88,464

TOTAL EXPENSES $163,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,036	$247,829	+0.0%
Expenses	$163,688	$197,008	-0.2%
Net Income	$88,348	$50,821	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN KOUGHN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN HARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
GLEN SUSNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM FARMER	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI BUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE JEFFERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MORRIS KINTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT HAGGARD	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL ZAWACKI	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE ECKERT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK CALLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY JACKSON	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$0
TINA MCCORMACK	SECRETARY	5.00	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
2024	$252,036	$163,688	$275,846	$88,348
2023	$247,829	$197,008	$190,493	$50,821
2022	$247,924	$238,279	$136,604	$9,645
2021	$144,051	$235,690	$131,966	$-91,639
2020	$171,327	$171,750	$222,065	$-423
2019	$213,771	$181,834	$256,229	$31,937
2018	$254,866	$211,519	$190,341	$43,347

ABATE FOUNDATION INC