KENNY IRWIN JR MEMORIAL FOUNDATION INC (EIN 352156555) - 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

2001

Legal Domicile

Principal Officer

KENNY IRWIN SR

Phone

3174328648

Tax Period

2024-01-01 to 2024-12-31

KENNY IRWIN JR MEMORIAL FOUNDATION INC, founded in 2001, is a micro nonprofit in the Youth Development sector that reported $29K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $74K exceeded revenue, resulting in a 157% operating deficit.

Mission

TO SUPPORT CHILDREN IN NEED THROUGH THE JOURNEY TO ACHIEVE THEIR DREAMS.

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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 $871

Program Service Revenue $0

Investment Income $27,848

Other Revenue $0

TOTAL REVENUE $28,719

Expense Breakdown

Grants Paid $52,373

Salaries & Benefits $0

Fundraising Expenses $7,682

Program Expenses $59,873

Other Expenses $21,475

TOTAL EXPENSES $73,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,719	$20,206	+0.4%
Expenses	$73,848	$65,427	+0.1%
Net Income	$-45,129	$-45,221	0.0%

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
JILL GOLDENBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HUDGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
REVA IRWIN	VP/TREASURER	1.00	Officer Director	$0	$0	$0
KENNY IRWIN SR	PRESIDENT	1.00	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
2024	$28,719	$73,848	$500,230	$-45,129
2023	$20,206	$65,427	$537,530	$-45,221
2022	$19,969	$48,233	$549,777	$-28,264
2021	$39,450	$55,212	$519,291	$-15,762
2020	$10,870	$22,454	$535,053	$-11,584
2019	$21,826	$41,500	$546,637	$-19,674
2018	$16,065	$44,612	$566,311	$-28,547

KENNY IRWIN JR MEMORIAL FOUNDATION INC