THE GALENA FOUNDATION INC

EIN: 363196642 501(c)(3)

GALENA, IL

Total Revenue
$112,106
Total Expenses
$52,438
Total Assets
$1,202,035
Net Assets
$1,202,035
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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
IL
Phone
8157771218
Tax Period
2023-01-01 to 2023-12-31

THE GALENA FOUNDATION INC, founded in 1982, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 53% operating margin.

Mission

Preserve/Rehabilitate public assets

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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 $78,959
Program Service Revenue $0
Investment Income $33,147
Other Revenue $0
TOTAL REVENUE $112,106

Expense Breakdown

Grants Paid $40,679
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,679
Other Expenses $11,759
TOTAL EXPENSES $52,438

Year-over-Year Comparison

2023 2022 Change
Revenue $112,106 $198,564 -0.4%
Expenses $52,438 $93,948 -0.4%
Net Income $59,668 $104,616 -0.4%
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
9
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA SCHONHOFF Director 0.00
Director
$0 $0 $0
DANIEL KELLEY Director 0.00
Director
$0 $0 $0
MIKE DOYLE Director 0.00
Director
$0 $0 $0
KENNETH ROBB Director 0.00
Director
$0 $0 $0
JANELLE KEEFFER Director 0.00
Director
$0 $0 $0
ZEKE WINDERS Treasurer 0.00
Officer
$0 $0 $0
RONALD LEINEN Vice President 0.00
Officer
$0 $0 $0
ANDY WILLIS President 0.00
Officer
$0 $0 $0
KAREN GREINER Secretary 0.00
Officer
$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 $112,106 $52,438 $1,202,035 $59,668
2022 $198,564 $93,948 $1,142,367 $104,616
2021 $243,013 $135,925 $1,037,751 $107,088
2020 $78,326 $74,816 $930,663 $3,510
2019 $202,865 $178,607 $927,153 $24,258
2018 $153,970 $165,460 $902,895 $-11,490
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