THE HEGELER CARUS FOUNDATION

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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

1995

Legal Domicile

Principal Officer

INGA CARUS

Phone

8152246674

Tax Period

2024-01-01 to 2024-12-31

THE HEGELER CARUS FOUNDATION, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $637K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $2.9M represent 54 months of operating reserves.

Mission

TO PRESERVE AND USE THE HEGELER CARUS MANSION AND ITS MANY STORIES TO INSPIRE EXCITEMENT AND APPRECIATION LOCALLY AND GLOBALLY FOR ITS HERITAGE, ARCHITECTURE AND DESIGN.

Program Service Accomplishments

Program 1

Expenses: $582,777 Revenue: $65,324

RESTORATION OF THE HEGELER CARUS MANSION. THE EXPENSES LISTED ARE LIMITED TO THE RESTORATION OF THE HEGELER CARUS MANSION. THE EXPENSES LISTED HERE ARE LIMITED TO THE NON-CAPITALIZED OCCUPANCY &...

RESTORATION OF THE HEGELER CARUS MANSION. THE EXPENSES LISTED ARE LIMITED TO THE RESTORATION OF THE HEGELER CARUS MANSION. THE EXPENSES LISTED HERE ARE LIMITED TO THE NON-CAPITALIZED OCCUPANCY & MAINTENANCE COSTS INCURRED DURING THE RESTORATION PERIOD.

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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 $567,769

Program Service Revenue $65,324

Investment Income $4,140

Other Revenue $0

TOTAL REVENUE $637,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,902

Fundraising Expenses $0

Program Expenses $582,777

Other Expenses $309,340

TOTAL EXPENSES $661,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$637,233	$731,330	-0.1%
Expenses	$661,242	$484,180	+0.4%
Net Income	$-24,009	$247,150	-1.1%

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
JAMES NOWLAN	Director	0.10	Director	$0	$0	$0
DAVE CONTERIO	Treasurer	0.10	Officer Director	$0	$0	$0
WENDY ASPHAHANI	Director	0.10	Director	$0	$0	$0
PATRICK BARRY	Secretary	0.10	Officer Director	$0	$0	$0
KENETH J FICEK	Director	0.10	Director	$0	$0	$0
J PARRISH MCCORMACK	Director	0.10	Director	$0	$0	$0
M BLOUKE CARUS	Vice Chairman	0.50	Officer Director	$0	$0	$0
INGA CARUS	Chairman	0.50	Officer Director	$0	$0	$0
MARISSA CARUS	Director	0.10	Director	$0	$0	$0
ROLF ACHILLES	Director	0.10	Director	$0	$0	$0
JAY MCCRACKEN	Director	0.10	Director	$0	$0	$0
JOHN NOER	Director	0.10	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	$637,233	$661,242	$2,920,929	$-24,009
2023	$731,330	$484,180	$2,923,064	$247,150
2022	$374,444	$521,157	$2,682,132	$-146,713
2021	$532,274	$516,636	$2,827,325	$15,638
2020	$433,845	$470,731	$2,818,275	$-36,886
2019	$446,984	$433,795	$2,844,963	$13,189