EVANSVILLE ENDOWMENT FUND INC

EIN: 352062629 501(c)(3) Community Improvement

EVANSVILLE, IN

Total Revenue
$202,937
Total Expenses
$547,435
Total Assets
$11,061,520
Net Assets
$11,041,520
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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
1994
Legal Domicile
IN
Principal Officer
Jill Carpenter
Phone
8124291191
Tax Period
2023-07-01 to 2024-06-30

EVANSVILLE ENDOWMENT FUND INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $203K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $547K exceeded revenue, resulting in a 170% operating deficit.

Mission

TO SUPPORT CHARITABLE ORGANIZATIONS THROUGH CAPITAL PROJECT GRANTS THAT IMPACT THE CITY OF EVANSVILLE

Program Service Accomplishments

Program 1
Expenses: $505,785 Revenue: $0

PROVIDED FUNDING FOR CAPITAL PROJECTS BENEFITING NONPROFIT ORGANIZATIONS IN EVANSVILLE INDIANA. THESE CAPITAL PROJECTS INCLUDED ROOF REPLACEMENT, FLOORING UPGRADES, EXPANSION/RENOVATION PROJECTS...

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PROVIDED FUNDING FOR CAPITAL PROJECTS BENEFITING NONPROFIT ORGANIZATIONS IN EVANSVILLE INDIANA. THESE CAPITAL PROJECTS INCLUDED ROOF REPLACEMENT, FLOORING UPGRADES, EXPANSION/RENOVATION PROJECTS, HOUSING DEVELOPMENT ASSISTANCE, ENERGY EFFICIENCY IMPROVEMENTS, BUILDING RESTORATION PROJECTS AND BUILDING SECURITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $202,937
Other Revenue $0
TOTAL REVENUE $202,937

Expense Breakdown

Grants Paid $490,733
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $505,785
Other Expenses $56,702
TOTAL EXPENSES $547,435

Year-over-Year Comparison

2023 2022 Change
Revenue $202,937 $2,363,018 -0.9%
Expenses $547,435 $510,364 +0.1%
Net Income $-344,498 $1,852,654 -1.2%
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
6
Independent Members
6
Employees
N/A
Volunteers
15

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
5
$214,462
Total Directors
6
$0
Key Employees
1
$214,462
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL CARPENTER President & CEO CFA 2
Officer Key Emp
$0 $16,612 $214,462
JEROME STEWART Treasurer 2
Officer Director
$0 $0 $0
ALAN GROVES VICE PRESIDENT 2
Officer Director
$0 $0 $0
Eric Cummings Director 2
Director
$0 $0 $0
SUSAN HARP SECRETARY 2
Officer Director
$0 $0 $0
Ron Beane DIRECTOR 2
Director
$0 $0 $0
AMBER RASCOE President 2
Officer 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 No data No data No data No data
2024 $202,937 $547,435 $11,061,520 $-344,498
2023 $2,363,018 $510,364 $10,184,624 $1,852,654
2022 $711,164 $571,449 $9,596,863 $139,715
2021 $450,545 $550,453 $11,359,390 $-99,908
2020 $540,976 $503,598 $9,266,859 $37,378
2019 $1,038,403 $531,786 $9,356,399 $506,617
2018 $604,148 $463,599 $9,316,887 $140,549
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