SPOON RIVER COLLEGE FOUNDATION (EIN 371068663) - 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

1979

Legal Domicile

Principal Officer

JOHN DAVIS

Phone

3096496395

Tax Period

2024-07-01 to 2025-06-30

SPOON RIVER COLLEGE FOUNDATION, founded in 1979, is a small nonprofit in the Education sector that reported $614K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $171K, a strong 28% operating margin.

Mission

EDUCATION IS THE KEY TO A SUCCESSFUL FUTURE. THE SPOON RIVER COLLEGE FOUNDATION ACTIVELY SEEKS RESOURCES TO PROVIDE EXCELLENT EDUCATIONAL OPPORTUNITIES AT SPOON RIVER COLLEGE.

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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 $428,357

Program Service Revenue $0

Investment Income $190,643

Other Revenue $-5,430

TOTAL REVENUE $613,570

Expense Breakdown

Grants Paid $294,877

Salaries & Benefits $0

Fundraising Expenses $74,355

Program Expenses $294,877

Other Expenses $81,406

TOTAL EXPENSES $442,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$613,570	$1,152,161	-0.5%
Expenses	$442,625	$455,099	0.0%
Net Income	$170,945	$697,062	-0.8%

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

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
CURT OLDFIELD	SRC PRESIDENT (NON-VOTING)	2.00	Director	$0	$0	$0
SARAH GRAY	FISCAL OFFICER (NON-VOTING)	5.00	Director	$0	$0	$0
AMANDA KETCHAM	ASSOCIATE FISCAL OFFICER (NON-VOTING)	5.00	Director	$0	$0	$0
BRUCE BEAL	EX-OFFICER, IMMEDIATE PAST CHAIR (NON-VOTING)	2.00	Director	$0	$0	$0
JOHN DAVIS	CHAIR	2.00	Officer Director	$0	$0	$0
NICHOLAS TINSMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBBIE COLLINS	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN MARSHALL	SECRETARY	2.00	Officer Director	$0	$0	$0
GLENDA BRYAN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA BUTLER	TRUSTEE REPRESENTATIVE	2.00	Director	$0	$0	$0
CINDY CASSIDY	DIRECTOR	2.00	Director	$0	$0	$0
MITCHELL COONRADT	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE ESCAPA	DIRECTOR	2.00	Director	$0	$0	$0
SUE HALLMARK	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KEEFER	DIRECTOR	2.00	Director	$0	$0	$0
DENISE KIRGAN	DIRECTOR	2.00	Director	$0	$0	$0
ZACK KRULAC	DIRECTOR	2.00	Director	$0	$0	$0
LAURA LEEZER	DIRECTOR	2.00	Director	$0	$0	$0
KATHY LOCK	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK O'BRIAN	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA WORLEY	DIRECTOR	2.00	Director	$0	$0	$0
DUSTIN BERG	FOUNDATION DIRECTOR	40.00	Officer	$0	$0	$0
MICHELLE HOWE	ALUMNI COORDINATOR	40.00	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	$613,570	$442,625	$7,850,257	$170,945
2024	$1,152,161	$455,099	$7,353,979	$697,062
2023	$778,957	$380,249	$6,319,984	$398,708
2022	$1,123,754	$345,921	$5,657,516	$777,833
2021	$879,929	$297,648	$5,661,518	$582,281
2020	$498,674	$238,089	$4,473,448	$260,585
2019	$362,080	$138,483	$4,176,969	$223,597

SPOON RIVER COLLEGE FOUNDATION