KELEN FAMILY FOUNDATION (EIN 411854293) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

ERWIN KELEN

Phone

6123767322

Tax Period

2024-01-01 to 2024-12-31

KELEN FAMILY FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $207K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 32% operating margin.

Mission

TO BENEFIT THE MINNEAPOLIS FEDERATION FOR JEWISH SERVICES & THE JEWISH COMMUNITY FOUNDATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $197,918

Other Revenue $9,075

TOTAL REVENUE $206,993

Expense Breakdown

Grants Paid $135,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,125

Other Expenses $4,525

TOTAL EXPENSES $140,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,993	$1,143,846	-0.8%
Expenses	$140,125	$246,060	-0.4%
Net Income	$66,868	$897,786	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ERWIN A KELEN	SECRETARY	Officer Director	$0	$0	$0
ROBERT A KELEN	PRESIDENT, DIRECTOR	Officer Director	$0	$0	$0
SARAH A KELEN	DIRECTOR	Director	$0	$0	$0
PETER J KELEN	DIRECTOR	Director	$0	$0	$0
SHELDON LEVIN	DIRECTOR	Director	$0	$0	$0
MORRIS M SHERMAN	DIRECTOR	Director	$0	$0	$0
LAWRENCE PERLMAN	DIRECTOR	Director	$0	$0	$0
TOM SANDERS	DIRECTOR	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	$206,993	$140,125	$4,863,120	$66,868
2023	$1,143,846	$246,060	$4,767,473	$897,786
2022	$350,591	$134,225	$3,696,209	$216,366
2021	$-466,122	$236,317	$3,606,974	$-702,439
2020	$-573,443	$729,878	$4,375,697	$-1,303,321
2019	$-57,774	$32,850	$5,759,345	$-90,624
2018	$141,847	$152,564	$5,666,447	$-10,717

KELEN FAMILY FOUNDATION