POTOSI FOUNDATION INC (EIN 392000608) - 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

2000

Legal Domicile

Principal Officer

DAVE FRITZ

Phone

6087634002

Tax Period

2024-01-01 to 2024-12-31

POTOSI FOUNDATION INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $491K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO RESTORE A HISTORIC LANDMARK AND TO RECONNECT THE COMMUNITY TO PART OF ITS HERITAGE. TO DEVELOP A DESTINATION OF HISTORIC AND EDUCATIONAL INTEREST. TO CHANNEL FUNDS INTO ITS MARKETS SERVED TO SUPPORT HISTORIC AND EDUCATION-BASED INITIATIVES AS WELL AS CHARITABLE CAUSSES, WHICH TRULY MAKE IT A SOCIALLY RESPONSIBLE CORPORATE CITIZEN.

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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 $168,675

Program Service Revenue $26,242

Investment Income $0

Other Revenue $147,086

TOTAL REVENUE $342,003

Expense Breakdown

Grants Paid $2,975

Salaries & Benefits $88,814

Fundraising Expenses $32,382

Program Expenses $374,002

Other Expenses $398,795

TOTAL EXPENSES $490,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,003	$396,469	-0.1%
Expenses	$490,584	$496,406	0.0%
Net Income	$-148,581	$-99,937	+0.5%

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

135

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
CASEY TRUDGEON	DIRECTOR	0.25	Director	$0	$0	$0
RON BREY	DIRECTOR	0.25	Director	$0	$0	$0
LARRY KALINA	DIRECTOR	0.50	Director	$0	$0	$0
LARRY BOWDEN	DIRECTOR	0.40	Director	$0	$0	$0
MERLE VASTINE	DIRECTOR	0.25	Director	$0	$0	$0
TOM DOWNS	TREASURER	0.25	Officer Director	$0	$0	$0
LES MACK	DIRECTOR	0.40	Director	$0	$0	$0
FRANK FIORENZA	DIRECTOR	0.40	Director	$0	$0	$0
ANGELE WALSH	DIRECTOR	0.25	Director	$0	$0	$0
HERB PAGE	DIRECTOR	0.25	Director	$0	$0	$0
DAVE FRITZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY DAVID	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MIC WALSH	DIRECTOR	1.00	Director	$0	$0	$0
MARY ALICE SCHMITZ	SECRETARY	0.25	Officer Director	$0	$0	$0
EVAN HUGHES	DIRECTOR	0.25	Director	$0	$0	$0
GARY AMACHER	DIRECTOR	0.50	Director	$0	$0	$0
PENNY MCGIMPSEY	DIRECTOR	0.25	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	$342,003	$490,584	$4,099,173	$-148,581
2023	$396,469	$496,406	$3,886,897	$-99,937
2022	$368,590	$465,383	$3,887,772	$-96,793
2021	$1,261,402	$331,027	$3,626,693	$930,375
2020	$66,973	$313,533	$2,084,542	$-246,560
2019	$147,973	$340,382	$2,239,789	$-192,409
2018	$223,130	$338,971	$2,745,083	$-115,841

POTOSI FOUNDATION INC