DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH (EIN 370867044) - 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

1963

Legal Domicile

Principal Officer

MIKE HULVEY

Phone

2174426201

Tax Period

2023-09-01 to 2024-08-31

DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH, founded in 1963, is a micro nonprofit in the Community Improvement sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROMOTE INDUSTRIAL GROWTH AND ATTRACT, RETAIN, AND EXPAND JOBS IN VERMILION COUNTY.

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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 $12,136

Program Service Revenue $0

Investment Income $10

Other Revenue $21,000

TOTAL REVENUE $33,146

Expense Breakdown

Grants Paid $46,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,775

Other Expenses $6,573

TOTAL EXPENSES $53,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,146	$109,124	-0.7%
Expenses	$53,223	$40,682	+0.3%
Net Income	$-20,077	$68,442	-1.3%

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
MIKE HULVEY	PRESIDENT	0.30	Officer Director	$0	$0	$0
JUDD PECK	TREASURER	0.30	Officer Director	$0	$0	$0
JIM MULVANEY	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
MIKE MARRON	CEO	1.00	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	$33,146	$53,223	$139,754	$-20,077
2023	$109,124	$40,682	$159,831	$68,442
2022	$45,976	$27,407	$91,389	$18,569
2021	$33,945	$26,107	$72,820	$7,838
2020	$79,000	$78,151	$64,982	$849
2019	$112,750	$113,534	$64,133	$-784

DANVILLE FOUNDATION FOR INDUSTRIAL GROWTH