MORTON COLLEGE FOUNDATION (EIN 363028757) - 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

1982

Legal Domicile

Principal Officer

RICHARD VAVRA

Phone

7084508212

Tax Period

2021-07-01 to 2022-06-30

MORTON COLLEGE FOUNDATION, founded in 1982, is a small nonprofit that reported $424K in total revenue in fiscal year 2018. The organization ran a surplus of $369K, a strong 87% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT TO MORTON COLLEGE STUDENTS AND TO INDIVIDUALS IN THE COMMUNITY, WHO WISH TO REACH THEIR FULLEST POTENTIAL THROUGH A QUALITY EDUCATION AT A REASONABLE PRICE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $54,583

Program Service Revenue $0

Investment Income $863

Other Revenue $0

TOTAL REVENUE $55,446

Expense Breakdown

Grants Paid $93,614

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,667

Other Expenses $13,486

TOTAL EXPENSES $107,100

Year-over-Year Comparison

	2021	2020	Change
Revenue	$55,446	$93,444	-0.4%
Expenses	$107,100	$256,822	-0.6%
Net Income	$-51,654	$-163,378	-0.7%

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

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
RICHARD VAVRA	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIMOTHY VISK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
NEREIDA ARZOLA	TREASURER	15.00	Officer Director	$0	$0	$0
FRANK VOMACKA	ASSISTANT TREASURER	13.00	Officer Director	$0	$0	$0
LINDA SPADLOWSKI	SECRETARY	10.00	Officer Director	$0	$0	$0
SAM SAVAPOULOS	ADVISORY DIRECTOR	10.00	Officer Director	$0	$0	$0
BRENDA BEDOLLA	DIRECTOR	5.00	Director	$0	$0	$0
JANICE BERNARD	DIRECTOR	5.00	Director	$0	$0	$0
GUS CORONADO	DIRECTOR	8.00	Director	$0	$0	$0
DIANA GARCIA	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTIAN MENDOZA	DIRECTOR	8.00	Director	$0	$0	$0
JESSICA RODRIGUEZ	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH TOPINKA	DIRECTOR	5.00	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
2022	$55,446	$107,100	$445,692	$-51,654
2021	$93,444	$256,822	$497,346	$-163,378
2020	$53,237	$8,352	$660,724	$44,885
2019	$424,037	$54,649	$615,839	$369,388

MORTON COLLEGE FOUNDATION