HONKAMP FAMILY FOUNDATION (EIN 391948390) - 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

1998

Legal Domicile

Principal Officer

YELENA CHESTER

Phone

4142725805

Tax Period

2023-01-01 to 2023-12-31

HONKAMP FAMILY FOUNDATION, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 32% operating deficit.

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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 $0

Program Service Revenue $0

Investment Income $194,708

Other Revenue $0

TOTAL REVENUE $194,708

Expense Breakdown

Grants Paid $205,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,000

Other Expenses $52,452

TOTAL EXPENSES $257,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,708	$1,234,653	-0.8%
Expenses	$257,452	$289,669	-0.1%
Net Income	$-62,744	$944,984	-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

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

$613,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY HONKAMP	TRUSTEE	1.00	Director	$0	$0	$0
LYNN DEFRANCESCO-BYRNE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HONKAMP	TRUSTEE/CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL HONKAMP II	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY WESLEY	TRUSTEE	1.00	Director	$0	$0	$0
RALPH HOLLMON	TRUSTEE	1.00	Director	$0	$0	$0
LINDA MELLOWES	TRUSTEE	1.00	Director	$0	$0	$0
RAFAEL ACEVEDO	TRUSTEE	1.00	Director	$0	$0	$0
NOLETTA JANSEN	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN GILLIGAN	ASSISTANT SECRETARY	0.00	Officer	$0	$57,748	$382,718
KEN ROBERTSON	COO/CFO	0.00	Officer	$0	$29,243	$230,848

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	No data	No data	No data	No data
2023	$194,708	$257,452	$4,724,530	$-62,744
2022	$1,234,653	$289,669	$4,336,976	$944,984
2021	$385,122	$64,911	$4,325,541	$320,211
2020	$1,143,300	$183,488	$3,693,972	$959,812

HONKAMP FAMILY FOUNDATION