ELKHART CITY BAR ASSOCIATION SCHOLARSHIP FOUNDATION

EIN: 356062385 501(c)(3)

ELKHART, IN

Total Revenue
$124,081
Total Expenses
$7,848
Total Assets
$562,500
Net Assets
$562,500
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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

Legal Domicile
IN
Principal Officer
Max K Walker Jr
Phone
5742967887
Tax Period
2023-01-01 to 2023-12-31

ELKHART CITY BAR ASSOCIATION SCHOLARSHIP FOUNDATION is a small nonprofit that reported $124K in total revenue in fiscal year 2023. Revenue surged 462% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 94% operating margin.

Mission

To award scholarships to graduates of four local high schools who will be attending college the following fall semester.

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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 $96,378
Program Service Revenue $0
Investment Income $27,703
Other Revenue $0
TOTAL REVENUE $124,081

Expense Breakdown

Grants Paid $7,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,848
Other Expenses $848
TOTAL EXPENSES $7,848

Year-over-Year Comparison

2023 2022 Change
Revenue $124,081 $22,097 +4.6%
Expenses $7,848 $620 +11.7%
Net Income $116,233 $21,477 +4.4%
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
6
Independent Members
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leonard J Gullotta II Trustee 1.00
Director
$0 $0 $0
Chuck Grodnik Trustee 1.00
Director
$0 $0 $0
Max K Walker Jr Trustee 1.00
Director
$0 $0 $0
Michael Christofeno Trustee 1.00
Director
$0 $0 $0
Matthew A Yeakey Trustee 1.00
Director
$0 $0 $0
Bridgett F Greene Trustee 1.00
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 No data No data No data No data
2023 $124,081 $7,848 $562,500 $116,233
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