FLOYD COUNTY ENDOWMENT FUND INC (EIN 421240342) - 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

1984

Principal Officer

JENNIFER LESSIN

Phone

6414947523

Tax Period

2024-09-01 to 2025-08-31

FLOYD COUNTY ENDOWMENT FUND INC, founded in 1984, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $51K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 299 months of operating reserves.

Mission

TO PROVID OPERATING CAPITAL TO FLOYD COUNTY HISTORICAL SOCIETY INC

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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 $51,257

Other Revenue $0

TOTAL REVENUE $51,257

Expense Breakdown

Grants Paid $50,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,700

Other Expenses $250

TOTAL EXPENSES $50,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,257	$639,961	-0.9%
Expenses	$50,950	$29,850	+0.7%
Net Income	$307	$610,111	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITNEY MARZEN	TRUSTEE	N/A	Director	$0	$0	$0
BOBBI SPAINHOWER	TRUSTEE	N/A	Director	$0	$0	$0
LORI KORESH	SECRETARY	N/A	Officer	$0	$0	$0
ANTHONY LESSIN	PRESIDENT	N/A	Officer	$0	$0	$0
JENNIFER LESSIN	TREASURER	N/A	Officer	$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
2025	$51,257	$50,950	$1,275,938	$307
2024	$639,961	$29,850	$1,275,631	$610,111
2023	$15,093	$14,270	$665,520	$823
2022	$22,156	$25,260	$664,703	$-3,104
2020	$14,228	$9,250	$682,262	$4,978
2019	$16,951	$7,173	$677,284	$9,778
2018	$9,778	$10,314	$667,029	$-536

FLOYD COUNTY ENDOWMENT FUND INC