The McGowan Family Foundation (EIN 470795668) - 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

1996

Legal Domicile

Phone

4023423458

Tax Period

2024-01-01 to 2024-12-31

The McGowan Family Foundation, founded in 1996, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $310K, a strong 17% operating margin.

Mission

To operate exclusively for the benefit of, to perform the functions of, and carry out the purpose of the Omaha Community Foundation.

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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 $0

Program Service Revenue $0

Investment Income $1,783,500

Other Revenue $0

TOTAL REVENUE $1,783,500

Expense Breakdown

Grants Paid $1,283,604

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,352,830

Other Expenses $189,482

TOTAL EXPENSES $1,473,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,783,500	$1,523,437	+0.2%
Expenses	$1,473,086	$782,675	+0.9%
Net Income	$310,414	$740,762	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Hansen	Director	1.00	Director	$0	$0	$0
Rob Owen	Director	1.00	Director	$0	$0	$0
Cynthia McGowan	Director	1.00	Director	$0	$0	$0
Richard Kelley	Director	1.00	Director	$0	$0	$0
Megan McGowan	President/Treas	5.00	Officer Director	$0	$0	$0
Chris McGowan	Vice Pres & Sec	2.00	Officer	$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	$1,783,500	$1,473,086	$20,924,828	$310,414
2023	$1,523,437	$782,675	$19,462,092	$740,762
2022	$2,052,756	$1,284,095	$16,777,325	$768,661
2021	$1,574,223	$1,314,057	$20,981,746	$260,166
2020	$707,774	$1,218,763	$17,990,287	$-510,989

The McGowan Family Foundation