MISHAWAKA FOUNDATION (EIN 366110163) - 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

1946

Legal Domicile

Principal Officer

ALISON OLCOTT

Phone

5203232002

Tax Period

2024-01-01 to 2024-12-31

MISHAWAKA FOUNDATION, founded in 1946, is a micro nonprofit that reported $50K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $710K exceeded revenue, resulting in a 1323% operating deficit.

Mission

THE GENERAL PURPOSE OF THE FOUNDATION IS TO GIVE FINANCIAL ASSISTANCE TO WORTHY PERSONS IN OBTAINING AN EDUCATION; TO FINANCE WORTHY AND NEEDY PERSONS AT SUMMER CAMPS; AND, TO PROVIDE RECREATIONAL FACILITIES AND PROGRAMS FOR COMMUNITY WELFARE EITHER AS ORIGINAL RECREATIONAL PROGRAMS OR AS SUPPLEMENTS TO ALREADY EXISTING RECREATIONAL PROGRAMS.

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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 $10,468

Program Service Revenue $0

Investment Income $39,429

Other Revenue $0

TOTAL REVENUE $49,897

Expense Breakdown

Grants Paid $705,765

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $705,765

Other Expenses $4,410

TOTAL EXPENSES $710,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,897	$30,172	+0.7%
Expenses	$710,175	$95,829	+6.4%
Net Income	$-660,278	$-65,657	+9.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BLACKBURN	TRUSTEE	N/A	Director	$0	$0	$0
BLAKE HILTRABAND	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN MCNAMARA	PRESIDENT	N/A	Officer Director	$0	$0	$0
ALISON OLCOTT	VICE PRES/TR	N/A	Officer Director	$0	$0	$0
CLAY STRUVE	TRUSTEE	N/A	Director	$0	$0	$0
OWEN STRUVE	TRUSTEE	N/A	Director	$0	$0	$0
BRAD WILSON	SECRETARY	N/A	Officer 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
2024	$49,897	$710,175	No data	$-660,278
2023	$30,172	$95,829	$660,278	$-65,657
2022	$130,526	$362,111	$655,323	$-231,585
2021	$259,126	$142,100	$1,135,699	$117,026
2020	$176,178	$150,122	$1,052,799	$26,056
2019	$116,805	$140,726	$931,439	$-23,921
2018	$121,812	$123,017	$835,878	$-1,205

MISHAWAKA FOUNDATION