VERNA TOWNSEND TRUST DATED 7871 1020000374 (EIN 376107738) - 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

Tax Period

2024-01-01 to 2024-12-31

VERNA TOWNSEND TRUST DATED 7871 1020000374, founded in 1979, is a small nonprofit in the Education sector that reported $149K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 29% operating margin.

Mission

THE VERNA K TOWNSEND TRUST PROVIDES FOR $2,500 ANNUAL SCHOLARSHIPS TO BE GIVEN TO STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO ARE CURRENTLY ENROLLED IN THE COLLEGE OF LAW AND SCHOOL OF MUSIC.

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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 $0

Program Service Revenue $0

Investment Income $37,053

Other Revenue $111,972

TOTAL REVENUE $149,025

Expense Breakdown

Grants Paid $96,000

Salaries & Benefits $8,786

Fundraising Expenses $0

Program Expenses $96,000

Other Expenses $1,658

TOTAL EXPENSES $106,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,025	$117,464	+0.3%
Expenses	$106,444	$103,265	+0.0%
Net Income	$42,581	$14,199	+2.0%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.0		$8,786	$0	$8,786

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	$149,025	$106,444	$1,798,448	$42,581
2023	$117,464	$103,265	$1,755,877	$14,199
2022	$139,902	$99,001	$1,740,434	$40,901
2021	$96,105	$102,920	$1,698,296	$-6,815
2020	$87,001	$95,173	$1,705,249	$-8,172
2019	$98,603	$87,009	$1,713,272	$11,594
2018	$60,619	$92,777	$1,701,606	$-32,158

VERNA TOWNSEND TRUST DATED 7871 1020000374