State Financial Officers Foundation Inc (EIN 462604771) - 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

2013

Legal Domicile

Principal Officer

OJ Oleka

Phone

8668160873

Tax Period

2024-01-01 to 2024-12-31

State Financial Officers Foundation Inc, founded in 2013, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024.

Mission

To promote free market & free enterprise principles, and to educate both the public and state financial officers on the role of responsible financial management in a free market economy.

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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 $2,840,369

Program Service Revenue $66,025

Investment Income $10,211

Other Revenue $0

TOTAL REVENUE $2,916,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,084,709

Fundraising Expenses $486,734

Program Expenses $2,025,140

Other Expenses $1,845,477

TOTAL EXPENSES $3,021,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,916,605	$2,858,344	+0.0%
Expenses	$3,021,772	$2,508,989	+0.2%
Net Income	$-105,167	$349,355	-1.3%

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

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

$334,172

Total Directors

$334,172

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derek Kreifels	CEO	40.00	Officer Director	$275,297	$0	$275,297
Noah Wall	EVP Policy & Government Affairs	40.00		$225,000	$0	$225,000
Melanie Kreifels	Dir of Operations	40.00		$122,083	$0	$122,083
OJ Oleka	CEO	40.00	Officer Director	$58,875	$0	$58,875
John Hart	Director	2.00	Director	$0	$0	$0
Bridgett Wagner	Vice President	2.00	Officer Director	$0	$0	$0
Seth Metcalf	President	2.00	Officer Director	$0	$0	$0
Lisa B Nelson	Director	2.00	Director	$0	$0	$0
Jimmy Kemp	Secretary	2.00	Officer Director	$0	$0	$0
Ron Crane	Treasurer	2.00	Officer Director	$0	$0	$0
Dee Dee Bass Wilbon	Director	2.00	Director	$0	$0	$0
Paul Fitzpatrick	Director	2.00	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
2024	$2,916,605	$3,021,772	$736,981	$-105,167
2023	$2,858,344	$2,508,989	$841,319	$349,355
2022	$2,015,216	$1,694,826	$491,964	$320,390
2021	$935,197	$1,034,286	$185,346	$-99,089
2020	$944,652	$781,622	$330,470	$163,030
2019	$1,026,744	$1,012,532	$114,922	$14,212
2018	$558,377	$514,250	$89,297	$44,127

State Financial Officers Foundation Inc