CENTRALIA 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

1943

Legal Domicile

Phone

6185327424

Tax Period

2024-01-01 to 2024-12-31

CENTRALIA FOUNDATION, founded in 1943, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 14% surplus.

Mission

PROVIDE CULTURAL, EDUCATIONAL, AND RECRATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA.

Program Service Accomplishments

Program 1

Expenses: $1,104,819 Revenue: $683,923

OPERATION OF RECREATION COMPLEX FOR GREATER CENTRALIA AREA. SERVES COMMUNITY POPULATION OF 20,000 PLUS.

Program 2

Expenses: $623,228

PROVIDE CULTURAL, EDUCATIONAL, AND RECREATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA

Program 3

Expenses: $176,217

FOUNDATION PARK SYSTEM - APPROXIMATELY 300 ACRES OF NATURAL PARK LANDS MAINTAINED FOR ALL CITIZENS LIVING IN AND VISITING THE CENTRALIA AREA.

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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 $362,157

Program Service Revenue $333,139

Investment Income $2,006,231

Other Revenue $16,510

TOTAL REVENUE $2,718,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $926,637

Fundraising Expenses $0

Program Expenses $2,016,500

Other Expenses $1,412,684

TOTAL EXPENSES $2,339,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,718,037	$2,254,261	+0.2%
Expenses	$2,339,321	$2,198,958	+0.1%
Net Income	$378,716	$55,303	+5.8%

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

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JAKE JUNGHANEL	MANAGER	Officer	$85,000	$0	$85,000
NINA BUCHELE	SECRETARY	Officer	$30,000	$0	$30,000
ALEN OWEN	TRUSTEE	Director	$0	$0	$0
DAN RAMEY	VICE CHAIRMAN	Officer Director	$0	$0	$0
DAVID AGEE	CHAIRMAN	Officer Director	$0	$0	$0
STEVE SHORES	TRUSTEE	Director	$0	$0	$0
JIM RUETER	TRUSTEE	Director	$0	$0	$0
KALA LAMBERT	TRUSTEE	Director	$0	$0	$0
JOHN PERRINE	TRUSTEE	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	$2,718,037	$2,339,321	$38,401,765	$378,716
2023	$2,254,261	$2,198,958	$37,214,936	$55,303
2023	$2,254,261	$2,198,958	$37,214,936	$55,303
2022	$1,851,241	$2,240,062	$34,591,615	$-388,821
2022	$1,851,241	$2,240,062	$34,591,615	$-388,821
2021	$2,418,723	$1,966,422	$39,244,226	$452,301
2020	$4,995,518	$1,882,731	$37,595,130	$3,112,787
2019	$3,520,587	$2,021,349	$34,676,836	$1,499,238
2018	$2,044,286	$1,937,241	$30,197,645	$107,045