DAN GIBBONS TURKEY TROT FOUNDATION… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

DANIEL GIBBONS

Phone

6307125252

Tax Period

2024-01-01 to 2024-12-31

DAN GIBBONS TURKEY TROT FOUNDATION NFP, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

RAISE FUNDS TO BENEFIT VARIOUS CHARITIES

Program Service Accomplishments

Program 1

Expenses: $801,189 Revenue: $1,044,141

THE ORGANIZATION CONDUCTS AN ANNUAL FOOT RACE. FUNDS RAISED ARE PRIMARILY FOR THE BENEFIT OF VARIOUS CHARITIES THAT PROVIDE FOOD, SHELTER AND ASSISTANCE TO THE NEEDY. THOSE FUNDS WERE PROVIDED FOR...

THE ORGANIZATION CONDUCTS AN ANNUAL FOOT RACE. FUNDS RAISED ARE PRIMARILY FOR THE BENEFIT OF VARIOUS CHARITIES THAT PROVIDE FOOD, SHELTER AND ASSISTANCE TO THE NEEDY. THOSE FUNDS WERE PROVIDED FOR DUPAGE PADS, UNITED COMMUNITY CONCERNS, LOAVES AND FISHES PANTRY, WEST SUBURBAN COMMUNITY PANTRY, PEOPLES RESOURCE CENTER, CATHOLIC CHARITIES, DISCIPLES FOOD PANTRY, ELMHURST-YORKFIELD FOOD PANTRY AND LESSER AMOUNTS TO SEVERAL OTHER LOCAL CHARITIES. IN 2017 THE ORGANIZATION STARTED A PROGRAM CALLED CAFE LIBERTY TO TRAIN UNEMPLOYED VETERANS IN CULINARY SKILLS AND PROVIDE CATERING SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $503,776

Program Service Revenue $540,365

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,044,141

Expense Breakdown

Grants Paid $276,488

Salaries & Benefits $242,269

Fundraising Expenses $183,504

Program Expenses $801,189

Other Expenses $515,756

TOTAL EXPENSES $1,034,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,044,141	$914,562	+0.1%
Expenses	$1,034,513	$916,733	+0.1%
Net Income	$9,628	$-2,171	-5.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL GIBBONS	CEO	40.00	Officer Highest	$75,000	$0	$75,000
AMY PALUMBO	TREASURER	2.00	Officer Director	$0	$0	$0
NICHOLAS CUZZONE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN DONOFRIO	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS DONOFRIO	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINA DONOFRIO	DIRECTOR	2.00	Director	$0	$0	$0
LARRY REEDY	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN EGAN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS HAGENSEE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SANGIACOMO	DIRECTOR	2.00	Director	$0	$0	$0
CHAD HEILIG	DIRECTOR	2.00	Director	$0	$0	$0
THERESA SOFTCHECK	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$1,044,141	$1,034,513	$360,671	$9,628
2023	$914,562	$916,733	$351,043	$-2,171
2022	$829,049	$776,249	$353,214	$52,800
2021	$695,126	$529,359	$300,414	$165,767
2020	$412,656	$434,820	$134,647	$-22,164

DAN GIBBONS TURKEY TROT FOUNDATION NFP