GALENA EDUCATION 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

1994

Legal Domicile

Phone

8157773086

Tax Period

2023-01-01 to 2023-12-31

GALENA EDUCATION FOUNDATION, founded in 1994, is a micro nonprofit in the Unknown sector that reported $77K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 49% operating margin.

Mission

To assist in developing and increasing educational opportunites for the citizens of that portion of Jo Daviess County located within Galena Unit District #120 and providing service for students, faculty, and alumni of Galena Unit District #120 by encouraging gifts of money, property, works of art, historical papers and documents, and other material having educational, artistic, scientific and/or historical value and by such other proper means as may be advisable.

Program Service Accomplishments

Program 1

Expenses: $19,500

To assist students with continuing their education beyond High School by providing monetary scholarships. 11 scholarships awarded.

Program 2

Expenses: $5,773

Provide the Galena Unit School District #120 with mini-grants that promote excellence in education. 2 mini-grants awarded.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,045

Program Service Revenue $0

Investment Income $63,867

Other Revenue $0

TOTAL REVENUE $76,912

Expense Breakdown

Grants Paid $25,273

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,273

Other Expenses $14,061

TOTAL EXPENSES $39,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,912	$58,418	+0.3%
Expenses	$39,334	$51,987	-0.2%
Net Income	$37,578	$6,431	+4.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LISA REDINGTON	Director	Director	$0	$0	$0
CHRISTINE MELAAS	Director	Director	$0	$0	$0
MARY KOENIGS	Director	Director	$0	$0	$0
NATHAN MCCOY	Director	Director	$0	$0	$0
BETH GULLONE	Director	Director	$0	$0	$0
TIFFANY DROESSLER	Director	Director	$0	$0	$0
AMANDA HILLARD	Secretary	Officer	$0	$0	$0
KEITH KROPP	President	Officer	$0	$0	$0
DAMON HEIM	Vice President	Officer	$0	$0	$0
MARK EINSWEILER	Treasurer	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	$76,912	$39,334	$1,041,807	$37,578
2022	$58,418	$51,987	$1,004,229	$6,431
2021	$201,470	$52,778	$997,798	$148,692
2020	$42,600	$41,928	$849,106	$672
2019	$72,624	$144,981	$848,434	$-72,357
2018	$106,706	$45,482	$920,791	$61,224