CHRIS NORTON FOUNDATION

EIN: 460831711 501(c)(3) Health Care

ALTOONA, IA

Total Revenue
$260,949
Total Expenses
$258,013
Total Assets
$158,706
Net Assets
$158,706
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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
IA
Principal Officer
TERRY NORTON
Phone
5152383516
Tax Period
2024-01-01 to 2024-12-31

CHRIS NORTON FOUNDATION, founded in 2012, is a small nonprofit in the Health Care sector that reported $261K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

RECEIVE, ADMINISTER, AND DISTRIBUTE FUND TO PROVIDE THERAPY EQUIPMENT AND REHABILITATION OPPORTUNITIES BY PROVIDING GRANTS TO ORGANIZATIONS THAT WILL ASSIST INDIVIDUALS AND THEIR FAMILIES WHO ARE SUFFERING A BURDEN DUE TO SPINAL CORD INJURIES OR OTHER NEUROLOGICAL DISORDERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $260,949
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $260,949

Expense Breakdown

Grants Paid $165,156
Salaries & Benefits $15,926
Fundraising Expenses $48,362
Program Expenses $209,651
Other Expenses $76,931
TOTAL EXPENSES $258,013

Year-over-Year Comparison

2024 2023 Change
Revenue $260,949 $209,065 +0.2%
Expenses $258,013 $158,130 +0.6%
Net Income $2,936 $50,935 -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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
1
$14,400
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT VICKERS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS NORTON DIRECTOR 1.00
Director
$0 $0 $0
MEGAN GILL DIRECTOR 1.00
Director
$0 $0 $0
MIKE DURNIN PRESIDENT/TREASURER 1.00
Director
$0 $0 $0
JENNESSA LUZUM SECRETARY 1.00
Director
$0 $0 $0
JEFFREY BIGLER DIRECTOR 1.00
Director
$0 $0 $0
DAN TRESEMER DIRECTOR 1.00
Director
$0 $0 $0
BILL MURPHY DIRECTOR 1.00
Director
$0 $0 $0
TERRY NORTON EXECUTIVE DIRECTOR 10.00
Officer
$14,400 $0 $14,400
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 No data No data No data No data
2024 $260,949 $258,013 $158,706 $2,936
2023 $209,065 $158,130 $155,770 $50,935
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