SOUTH BEND ELKHART REGIONAL PARTNERSHIP FOUNDATION

EIN: 351893288 501(c)(3) Community Improvement

SOUTH BEND, IN

Total Revenue
$1,700,829
Total Expenses
$950,075
Total Assets
$2,793,860
Net Assets
$2,081,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IN
Principal Officer
BETHANY HARTLEY
Phone
5743444686
Tax Period
2024-01-01 to 2024-12-31

SOUTH BEND ELKHART REGIONAL PARTNERSHIP FOUNDATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $751K, a strong 44% operating margin.

Mission

THE SOUTH BEND - ELKHART REGIONAL PARTNERSHIP FOCUSES ON A LONG-TERM SYSTEMIC APPROACH TO ADVANCE THE REGION'S ECONOMY BY ALIGNING THE EFFORTS OF VARIOUS STAKEHOLDERS AROUND FIVE KEY AREAS: EDUCATING A WORLD-CLASS WORKFORCE, RECRUITING AND RETAINING GREAT TALENT, ATTRACTING AND GROWING NEW ECONOMY COMPANIES IN COMPLEMENT TO OUR REMARKABLY STRONG MANUFACTURING INDUSTRIES, PROMOTING INCLUSION AND SPARKING OPPORTUNITIES FOR MINORITIES AND HELPING ENTREPRENEURS THRIVE. THE SOUTH BEND ELKHART REGIONAL PARTNERSHIP SEEKS TO UNIFY AND COLLABORATE SO THAT TOGETHER, THE COMMUNITIES ACROSS THE REGION WORK TOGETHER TO ACHIEVE WHAT CANNOT BE DONE INDIVIDUALLY.

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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 $1,695,260
Program Service Revenue $5,569
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,700,829

Expense Breakdown

Grants Paid $950,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $950,000
Other Expenses $75
TOTAL EXPENSES $950,075

Year-over-Year Comparison

2024 2023 Change
Revenue $1,700,829 $1,732,344 0.0%
Expenses $950,075 $1,756,891 -0.5%
Net Income $750,754 $-24,547 -31.6%
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
4
Independent Members
4
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
6
$234,969
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DAIGLE EX-OFFICIO FOR SBERP TREAS 1.00
Officer Director
$0 $0 $0
TIM SEXTON SECRETARY AND TREASURER 1.00
Officer Director
$0 $0 $0
PETE MCCOWN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
JEFF REA CHAIR 1.00
Officer Director
$0 $0 $0
BETHANY HARTLEY CEO 40.00
Officer
$0 $0 $175,000
JILL SCICCHITANO COO 40.00
Officer
$0 $0 $59,969
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 $1,700,829 $950,075 $2,793,860 $750,754
2023 $1,732,344 $1,756,891 $1,509,913 $-24,547
2022 $1,119,580 $1,220,029 $1,655,105 $-100,449
2021 $1,191,410 $1,207,743 $1,743,362 $-16,333
2020 $488,223 $840,000 $1,518,729 $-351,777
2019 $785,812 $505,500 $1,874,668 $280,312
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