EVANSVILLE INDUSTRIAL FOUNDATION INC (EIN 356013856) - 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

1958

Legal Domicile

Principal Officer

EDWARD HULL

Phone

8124258147

Tax Period

2024-01-01 to 2024-07-31

EVANSVILLE INDUSTRIAL FOUNDATION INC, founded in 1958, is a micro nonprofit that reported $86K in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 2534% operating deficit.

Mission

PROMOTE THE WELL-BEING & SOCIAL WELFARE OF PEOPLE & BUSINESSES WHO RESIDE IN THE EVANSVILLE AREA

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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 $0

Program Service Revenue $0

Investment Income $86,288

Other Revenue $0

TOTAL REVENUE $86,288

Expense Breakdown

Grants Paid $2,242,927

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,272,922

Other Expenses $29,995

TOTAL EXPENSES $2,272,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,288	$80,907	+0.1%
Expenses	$2,272,922	$12,770	+177.0%
Net Income	$-2,186,634	$68,137	-33.1%

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
EDWARD HULL	PRESIDENT	2.00	Director	$0	$0	$0
BRIAN WILLIAMS	SECRETARY	2.00	Director	$0	$0	$0
JOHN LAMB	TREASURER	2.00	Director	$0	$0	$0
ART PIKE	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL THEBY	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KOCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JACK FARBER	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF DEIG	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN HAMMETT	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLISON COMSTOCK	ASSISTANT SECRETARY	2.00	Director	$0	$0	$0
MICHAEL HINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT MERKEL	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
PEPPER MULHERIN	BOARD MEMBER	2.00	Director	$0	$0	$0
RON KEEPING	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
MARCO DELUCIO	BOARD MEMBER	2.00	Director	$0	$0	$0
PETE PARADOSSI	BOARD MEMBER	2.00	Director	$0	$0	$0
BRUCE STALLINGS	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
DONALD RAUSH	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
JAMES MUEHLBAUER	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
KENNETH LEIMGRUBER	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
RONALD REHERMAN	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
WILLIAM VEITH	LIFETIME DIRECTOR EMERITUS	2.00	Director	$0	$0	$0
JAMES BUTTERFIELD	BOARD MEMBER	2.00	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	$86,288	$2,272,922	No data	$-2,186,634
2023	$80,907	$12,770	$2,186,634	$68,137
2022	$95,224	$18,955	$2,118,497	$76,269
2021	$-23,468	$40,307	$2,042,228	$-63,775
2020	$22,495	$83,843	$2,106,003	$-61,348

EVANSVILLE INDUSTRIAL FOUNDATION INC