THE PORTLAND FOUNDATION (EIN 356028362) - 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

1951

Legal Domicile

Principal Officer

DOUGLAS INMAN

Phone

2607264260

Tax Period

2023-01-01 to 2023-12-31

THE PORTLAND FOUNDATION, founded in 1951, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 14% operating deficit.

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $511,047

Program Service Revenue $0

Investment Income $1,109,536

Other Revenue $0

TOTAL REVENUE $1,620,583

Expense Breakdown

Grants Paid $1,516,992

Salaries & Benefits $134,060

Fundraising Expenses $10,973

Program Expenses $1,710,693

Other Expenses $189,542

TOTAL EXPENSES $1,840,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,620,583	$680,512	+1.4%
Expenses	$1,840,594	$1,636,218	+0.1%
Net Income	$-220,011	$-955,706	-0.8%

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

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

$78,867

Total Directors

$78,867

Key Employees

Highest Compensated

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	SECREATARY/T	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	$78,867	$0	$78,867

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	No data	No data	No data	No data
2023	$1,620,583	$1,840,594	$23,963,880	$-220,011
2022	$680,512	$955,706	$22,364,186	$-275,194
2021	$656,140	$1,027,197	$27,639,720	$-371,057
2020	$515,356	$1,010,226	$24,678,777	$-494,870
2019	$353,913	$797,342	$23,496,010	$-443,429
2018	$608,216	$1,040,768	$20,374,633	$-432,552

THE PORTLAND FOUNDATION