MORTAR BOARD NATIONAL FOUNDATION FUND

EIN: 356043585 501(c)(3) Education

COLUMBUS, OH

Total Revenue
$301,408
Total Expenses
$479,857
Total Assets
$3,255,194
Net Assets
$3,232,673
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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
1961
Legal Domicile
OH
Principal Officer
DR KIRSTEN FOX
Phone
6144884094
Tax Period
2024-01-01 to 2024-12-31

MORTAR BOARD NATIONAL FOUNDATION FUND, founded in 1961, is a small nonprofit in the Education sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $480K exceeded revenue, resulting in a 59% operating deficit.

Mission

MORTAR BOARD NATIONAL FOUNDATION FUND EXISTS TO SUPPORT THE MISSION OF MORTAR BOARD, INC.

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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 $255,978
Program Service Revenue $0
Investment Income $0
Other Revenue $45,430
TOTAL REVENUE $301,408

Expense Breakdown

Grants Paid $283,977
Salaries & Benefits $78,560
Fundraising Expenses $18,939
Program Expenses $375,087
Other Expenses $117,320
TOTAL EXPENSES $479,857

Year-over-Year Comparison

2024 2023 Change
Revenue $301,408 $170,875 +0.8%
Expenses $479,857 $246,162 +0.9%
Net Income $-178,449 $-75,287 +1.4%
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
11
Independent Members
11
Employees
N/A
Volunteers
30

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
$105,575
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KIRSTEN FOX EXECUTIVE DI 15.00
Officer
$0 $0 $105,575
DR BARBARA ARNOLD PRESIDENT 1.25
Officer Director
$0 $0 $0
MS KAREN STINER VICE PRESIDE 0.66
Officer Director
$0 $0 $0
MATTHEW ROSS TRESURER 0.66
Officer Director
$0 $0 $0
MRS JANET G FARRINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
MR CRAIG EVERS TRUSTEE 0.50
Director
$0 $0 $0
MS MARY RUTH CARLETON TRUSTEE 0.50
Director
$0 $0 $0
DR JONI COMSTOCK TRUSTEE 0.50
Director
$0 $0 $0
DR DAVID LASATER TRUSTEE 0.50
Director
$0 $0 $0
MS LAURA SIMIC TRUSTEE 0.50
Director
$0 $0 $0
MR BRUCE WARE TRUSTEE 0.50
Director
$0 $0 $0
L SUSAN DOSS TRUSTEE 0.50
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 $301,408 $479,857 $3,255,194 $-178,449
2023 $170,875 $246,162 $3,270,040 $-75,287
2022 $326,003 $163,983 $3,043,470 $162,020
2021 $134,557 $116,423 $3,335,687 $18,134
2020 $143,594 $117,175 $2,788,022 $26,419
2019 $260,304 $130,563 $2,497,105 $129,741
2018 $333,489 $109,967 $2,053,253 $223,522
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