THE PORTLAND FOUNDATION INC

EIN: 352019497 501(c)(3) Philanthropy & Grantmaking

PORTLAND, IN

Total Revenue
$5,542,258
Total Expenses
$4,643,114
Total Assets
$26,221,348
Net Assets
$25,198,631
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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
1997
Legal Domicile
IN
Principal Officer
DOUGLAS INMAN
Phone
2607264260
Tax Period
2024-01-01 to 2024-12-31

THE PORTLAND FOUNDATION INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $899K, a strong 16% operating margin.

Mission

ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT, EFFECTING SIGNIFICANT IMPACT THROUGH GRANTMAKING AND PROVIDING LEADERSHIP ON KEY COMMUNITY ISSUES.

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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 $4,175,257
Program Service Revenue $0
Investment Income $1,367,001
Other Revenue $0
TOTAL REVENUE $5,542,258

Expense Breakdown

Grants Paid $4,341,952
Salaries & Benefits $125,406
Fundraising Expenses $11,202
Program Expenses $4,535,567
Other Expenses $175,756
TOTAL EXPENSES $4,643,114

Year-over-Year Comparison

2024 2023 Change
Revenue $5,542,258 $3,726,834 +0.5%
Expenses $4,643,114 $1,105,809 +3.2%
Net Income $899,144 $2,621,025 -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

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
50

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
4
$142,250
Total Directors
10
$142,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY GULLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
KALEB HEMMELGARN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KRISTA MUHLENKAMP SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JOSHUA ATKINSON DIRECTOR 1.00
Director
$0 $0 $0
ADAM HOMAN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD HUFFMAN DIRECTOR 1.00
Director
$0 $0 $0
AUDREY MUHLENKAMP DIRECTOR 1.00
Director
$0 $0 $0
ANGELA PAXSON DIRECTOR 1.00
Director
$0 $0 $0
MARK VALENTINE DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS INMAN EXECUTIVE DI 40.00
Officer Director
$58,322 $0 $142,250
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 $5,542,258 $4,643,114 $26,221,348 $899,144
2023 $3,726,834 $1,105,809 $24,422,136 $2,621,025
2022 $1,042,006 $1,122,328 $19,236,092 $-80,322
2021 $2,885,191 $950,460 $23,117,074 $1,934,731
2020 $855,542 $776,441 $18,482,662 $79,101
2019 $1,334,152 $1,037,386 $16,439,036 $296,766
2018 $1,071,888 $688,877 $13,696,053 $383,011
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