WABASH VALLEY COLLEGE FOUNDATION

EIN: 376042332 501(c)(3)

MOUNT CARMEL, IL

Total Revenue
$476,556
Total Expenses
$282,521
Total Assets
$6,357,229
Net Assets
$6,357,229
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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
IL
Principal Officer
MARK LOGSDON
Phone
6182635542
Tax Period
2023-07-01 to 2024-06-30

WABASH VALLEY COLLEGE FOUNDATION, founded in 1963, is a small nonprofit that reported $477K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $194K, a strong 41% operating margin.

Mission

EDUCATIONAL PROGRAM SUPPORT

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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 $243,288
Program Service Revenue $0
Investment Income $246,275
Other Revenue $-13,007
TOTAL REVENUE $476,556

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,285
Other Expenses $282,521
TOTAL EXPENSES $282,521

Year-over-Year Comparison

2023 2022 Change
Revenue $476,556 $553,563 -0.1%
Expenses $282,521 $326,770 -0.1%
Net Income $194,035 $226,793 -0.1%
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

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Governance

Voting Members
25
Independent Members
25
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
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE ACKERMAN DIRECTOR 0.00
Director
$0 $0 $0
NICKI BATES DIRECTOR 0.00
Director
$0 $0 $0
TONI BRINES DIRECTOR 0.00
Director
$0 $0 $0
ROB COLEMAN DIRECTOR 0.00
Director
$0 $0 $0
PATSY DEAN DIRECTOR 0.00
Director
$0 $0 $0
TOM DERSCH DIRECTOR 0.00
Director
$0 $0 $0
CASSANDRA GOLDMAN DIRECTOR 0.00
Director
$0 $0 $0
TAMARA GOULD DIRECTOR 0.00
Director
$0 $0 $0
TERRI HARRIS DIRECTOR 0.00
Director
$0 $0 $0
KARIN HODGSON DIRECTOR 0.00
Director
$0 $0 $0
BRANDON KNIGHT DIRECTOR 0.00
Director
$0 $0 $0
ED MCPHERSON DIRECTOR 0.00
Director
$0 $0 $0
DON PRICE DIRECTOR 0.00
Director
$0 $0 $0
BRENDA PHEGLEY DIRECTOR 0.00
Director
$0 $0 $0
ROD RODRIGUEZ DIRECTOR 0.00
Director
$0 $0 $0
RACHEAL SMITH DIRECTOR 0.00
Director
$0 $0 $0
NATHAN STEVENSON DIRECTOR 0.00
Director
$0 $0 $0
EMILY TEAGUE DIRECTOR 0.00
Director
$0 $0 $0
RYAN TURNER DIRECTOR 0.00
Director
$0 $0 $0
LYLE WEBER DIRECTOR 0.00
Director
$0 $0 $0
BROOKE SLATER PAST PRESIDENT 0.00
Officer
$0 $0 $0
GLENN DECKER PAST PRESIDENT 0.00
Officer
$0 $0 $0
MARK LOGSDON PRESIDENT 0.00
Officer
$0 $0 $0
LEANN BURTON TREASURER 0.00
Officer
$0 $0 $0
LOUISE ACREE SECRETARY 0.00
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 No data No data No data No data
2024 $476,556 $282,521 $6,357,229 $194,035
2023 $553,563 $326,770 $5,729,563 $226,793
2022 $-263,369 $434,538 $5,621,025 $-697,907
2021 $1,305,591 $357,347 $6,354,983 $948,244
2020 $495,202 $231,906 $5,450,878 $263,296
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