OLD THRESHERS FOUNDATION INC (EIN 421272944) - 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

1986

Legal Domicile

Principal Officer

TODD MABEUS

Phone

3193858937

Tax Period

2024-11-01 to 2025-10-31

OLD THRESHERS FOUNDATION INC, founded in 1986, is a small nonprofit that reported $144K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $238K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES BY RAISING FUNDS FOR AND DISTRIBUTING THE INCOME FROM THOSE FUNDS FOR CAPITAL PROJECTS AND IMPROVEMENTS OF THE MIDWEST OLD SETTLERS AND THRESHERS ASSOCIATION, 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 $59,958

Program Service Revenue $0

Investment Income $71,174

Other Revenue $12,987

TOTAL REVENUE $144,119

Expense Breakdown

Grants Paid $176,720

Salaries & Benefits $12,918

Fundraising Expenses $0

Program Expenses $191,059

Other Expenses $47,969

TOTAL EXPENSES $237,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,119	$254,695	-0.4%
Expenses	$237,607	$252,248	-0.1%
Net Income	$-93,488	$2,447	-39.2%

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

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE DENNISON - RETIRED 1192024	PRIOR DIRECT	1.00	Director	$0	$0	$0
ALAN ELGAR	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN GARRELS - RETIRED 1192024	PRIOR DIRECT	1.00	Director	$0	$0	$0
JASON GOODY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE HEATON - RESIGNED 052025	PRIOR DIRECT	1.00	Director	$0	$0	$0
MELINDA HUISINGA	SECRETARY	10.00	Officer Director	$12,000	$0	$12,000
JAN JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
TODD MABEUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
COLIN MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
PHIL MCMEINS	DIRECTOR	1.00	Director	$0	$0	$0
RICH SEBERG	DIRECTOR	1.00	Director	$0	$0	$0
BARRY TULLER	DIRECTOR	1.00	Director	$0	$0	$0
MARY WETTACH	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LINDEEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSIE THOMAS	DIRECTOR	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
2025	$144,119	$237,607	$4,693,977	$-93,488
2024	$254,695	$252,248	$4,158,274	$2,447
2023	$207,351	$229,387	$3,525,019	$-22,036
2022	$383,360	$278,175	$3,496,162	$105,185
2021	$1,940,975	$565,690	$4,022,195	$1,375,285
2020	$309,633	$267,670	$2,634,737	$41,963
2019	$220,416	$225,071	$2,671,957	$-4,655
2018	$485,734	$193,498	$2,319,623	$292,236

OLD THRESHERS FOUNDATION INC