THOR JOHNSON ENDOWMENT TRUST (EIN 391791596) - 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

1993

Legal Domicile

Principal Officer

BARB RISTAU

Phone

9208544060

Tax Period

2023-10-01 to 2024-09-30

THOR JOHNSON ENDOWMENT TRUST, founded in 1993, is a small nonprofit that reported $668K in total revenue in fiscal year 2023. Revenue surged 346% from the prior year, signaling strong growth momentum. Net assets of $6.5M represent 117 months of operating reserves.

Mission

TO PROVIDE FUNDS TO PENINSULA MUSIC FESTIVAL, INC. AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3).

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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 (2023)

Revenue Breakdown

Contributions & Grants $52,997

Program Service Revenue $0

Investment Income $614,706

Other Revenue $0

TOTAL REVENUE $667,703

Expense Breakdown

Grants Paid $539,296

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $539,296

Other Expenses $109,791

TOTAL EXPENSES $649,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$667,703	$149,733	+3.5%
Expenses	$649,087	$323,644	+1.0%
Net Income	$18,616	$-173,911	-1.1%

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

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

$70,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPH PTACK	PRESIDENT AND CEO	1.00	Officer	$0	$0	$8,255
SCOTT STOLARZ	PRESIDENT AND CEO	1.00	Officer	$0	$0	$61,750
WILLIAM MILLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL GRUENER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KEEN	TRUSTEE	1.00	Director	$0	$0	$0
PETER KELTY	TRUSTEE	1.00	Director	$0	$0	$0
BARB RISTAU	TRUSTEE	1.00	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	$667,703	$649,087	$6,502,817	$18,616
2023	$149,733	$323,644	$5,874,601	$-173,911
2022	$940,660	$319,248	$5,516,864	$621,412
2021	$1,128,537	$298,002	$6,604,418	$830,535
2020	$212,255	$267,272	$5,052,574	$-55,017
2019	$343,850	$310,981	$4,745,073	$32,869
2018	$314,068	$308,091	$4,779,236	$5,977

THOR JOHNSON ENDOWMENT TRUST