St Joseph Industrial Foundation Inc (EIN 431374935) - 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

1961

Legal Domicile

Principal Officer

Terry F Steinbecker

Phone

8166469518

Tax Period

2023-01-01 to 2023-04-30

St Joseph Industrial Foundation Inc, founded in 1961, is a micro nonprofit that reported $361 in total revenue in fiscal year 2022. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 12542% operating deficit.

Mission

To encourage, promote and assist the commercial development and growth of St. Joseph and the surrounding area by means as will improve the normal growth and employment opportunities. To aid and assist other enterprises included in the St. Joseph area by gifts, grants and loans or otherwise in a manner that will encourage exonomic growth.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $361

Other Revenue $0

TOTAL REVENUE $361

Expense Breakdown

Grants Paid $44,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,639

TOTAL EXPENSES $45,639

Year-over-Year Comparison

	2022	2021	Change
Revenue	$361	$1,209	-0.7%
Expenses	$45,639	$24,680	+0.8%
Net Income	$-45,278	$-23,471	+0.9%

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

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
Terry F Steinbecker	President	1.00	Officer Director	$0	$0	$0
Gary Myers	Secretary	1.00	Officer Director	$0	$0	$0
Gerald R Sprong	Treasurer	3.00	Officer Director	$0	$0	$0
David Bradley	Director	0.25	Director	$0	$0	$0
Billy D Cole	Director	0.25	Director	$0	$0	$0
Gordon Robaska	Director	0.25	Director	$0	$0	$0
Ross Woodbury	Director	0.25	Director	$0	$0	$0
Jim Carolus	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
2023	$361	$45,639	No data	$-45,278
2022	$1,209	$24,680	$1,287,737	$-23,471
2021	$1,137	$33,350	$1,311,208	$-32,213

St Joseph Industrial Foundation Inc