WHEELS & KEELS FOUNDATION INC (EIN 474684048) - 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

2015

Legal Domicile

Principal Officer

GAVIN RUOTOLO

Phone

7725599758

Tax Period

2023-07-01 to 2024-06-30

WHEELS & KEELS FOUNDATION INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2023. Expenses of $210K exceeded revenue, resulting in a 23% operating deficit.

Mission

WHEELS & KEELS FOUNDATION, INC. PROVIDES FUNDING TO SELECTED ORGANIZATIONS WHOSE ACTIVITIES STRIVE TO IMPROVE THE LIVES OF CHILDREN AND ADULTS IN THE TREASURE COAST COMMUNITY. THE FOUNDATION CONCENTRATES ON THE SUPPORT OF THOSE ORGANIZATIONS THAT ARE LESS ABLE TO ATTRACT SUPPORT FROM LARGER CHARITABLE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,778

Program Service Revenue $0

Investment Income $6,176

Other Revenue $97,734

TOTAL REVENUE $170,688

Expense Breakdown

Grants Paid $175,455

Salaries & Benefits $0

Fundraising Expenses $23,097

Program Expenses $175,455

Other Expenses $34,811

TOTAL EXPENSES $210,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,688	$170,816	0.0%
Expenses	$210,266	$173,392	+0.2%
Net Income	$-39,578	$-2,576	+14.4%

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
GAVIN RUOTOLO	CHIEF EXECUTIVE OFFICER	2.00	Officer Director	$0	$0	$0
SAM GAGLIANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
VINCENT DETURRIS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
GORDON SULCER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DWIGHT SEWARD	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
AMANDA FORD	DIRECTOR	2.00	Director	$0	$0	$0
ANETTA GREGG	DIRECTOR	2.00	Director	$0	$0	$0
KENT SOUKUP	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
2025	No data	No data	No data	No data
2024	$170,688	$210,266	$114,920	$-39,578
2023	$170,816	$173,392	$167,748	$-2,576
2022	$218,024	$197,586	$219,800	$20,438
2021	$189,490	$141,663	$164,882	$47,827
2020	$44,722	$51,781	$137,055	$-7,059

WHEELS & KEELS FOUNDATION INC