PURPLE & GRAY FOUNDATION INC (EIN 455339253) - 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

2012

Legal Domicile

Principal Officer

KEVIN MUELLER

Phone

3197528899

Tax Period

2022-01-01 to 2022-12-31

PURPLE & GRAY FOUNDATION INC, founded in 2012, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $81K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $56K, a strong 69% operating margin.

Mission

THE PURPLE AND GRAY FOUNDATION MISSION IS TO ASSIST THE BURLINGTON COMMUNITY SCHOOL DISTRICT IN DEVELOPING ATHLETIC PROGRAMS AND FACILITIES AT THE SCHOOL DISTRICT.

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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 $80,971

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,971

Expense Breakdown

Grants Paid $11,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,064

Other Expenses $14,002

TOTAL EXPENSES $25,252

Year-over-Year Comparison

	2022	2021	Change
Revenue	$80,971	$87,942	-0.1%
Expenses	$25,252	$25,008	+0.0%
Net Income	$55,719	$62,934	-0.1%

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
JERRY COURTNEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JON HART	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN MUELLER	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT ZAISER	VICE PRESIDE	2.00	Officer 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
2022	$80,971	$25,252	$51,734	$55,719
2021	$87,942	$25,008	$2,577	$62,934
2020	$119,515	$20,137	$19,510	$99,378
2019	$425,000	$207,714	$2,376	$217,286
2018	$333,335	$838,400	$4,485	$-505,065

PURPLE & GRAY FOUNDATION INC