BRIDGEWAY FOUNDATION

EIN: 371030683 501(c)(3)

GALESBURG, IL

Total Revenue
$1,990,707
Total Expenses
$1,040,241
Total Assets
$20,122,145
Net Assets
$19,734,275
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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
1977
Legal Domicile
IL
Principal Officer
WILLIAM NELSON
Phone
3093442323
Tax Period
2023-07-01 to 2024-06-30

BRIDGEWAY FOUNDATION, founded in 1977, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $950K, a strong 48% operating margin.

Mission

HOLD TITLE TO PROPERTY TO LEASE TO OTHER AFFILIATED EXEMPT ORGANIZATIONS AND PROVIDING MANAGEMENT AND ACCOUNTING SERVICES TO THESE OTHER ORGANIZATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,946
Program Service Revenue $1,621,401
Investment Income $340,547
Other Revenue $9,813
TOTAL REVENUE $1,990,707

Expense Breakdown

Grants Paid $40,391
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $841,342
Other Expenses $999,850
TOTAL EXPENSES $1,040,241

Year-over-Year Comparison

2023 2022 Change
Revenue $1,990,707 $1,533,198 +0.3%
Expenses $1,040,241 $968,563 +0.1%
Net Income $950,466 $564,635 +0.7%
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

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Governance

Voting Members
6
Independent Members
5
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS BUTCHER BOARD MEMBER 0.50
Director
$0 $0 $0
JASON DUNCAN BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID GARNER CHAIRMAN 0.50
Officer Director
$0 $0 $0
WILLIAM NELSON CEO/PRESIDENT 0.50
Officer Director
$0 $0 $0
STEVE TIBBITTS VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
SETH MINTER BOARD MEMBER 0.50
Director
$0 $0 $0
STACI DANNER TREASURER 0.50
Officer
$0 $0 $0
JENNIFER DALTON SECRETARY 0.50
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
2025 No data No data No data No data
2024 $1,990,707 $1,040,241 $20,122,145 $950,466
2023 $1,533,198 $968,563 $17,833,695 $564,635
2022 $1,640,013 $998,785 $16,478,981 $641,228
2021 $1,507,663 $1,067,868 $17,492,643 $439,795
2020 $1,583,539 $1,081,790 $14,844,605 $501,749
2019 $1,546,056 $873,254 $14,176,021 $672,802
2018 $1,670,441 $827,430 $13,324,210 $843,011
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