Balmer Foundation

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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

2001

Legal Domicile

Phone

8645820138

Tax Period

2024-01-01 to 2024-12-31

Balmer Foundation, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $621K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 515% operating deficit.

Mission

Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county foundation.

Program Service Accomplishments

Program 1

Expenses: $3,745,004

Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county 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 $621,416

Other Revenue $0

TOTAL REVENUE $621,416

Expense Breakdown

Grants Paid $3,745,004

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,745,004

Other Expenses $78,413

TOTAL EXPENSES $3,823,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,416	$886,764	-0.3%
Expenses	$3,823,417	$5,489,806	-0.3%
Net Income	$-3,202,001	$-4,603,042	-0.3%

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

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
Kenneth E Darr Jr	Secretary	1.0	Officer Director	$0	$0	$0
Monty Mullen	Chairwoman	1.0	Officer Director	$0	$0	$0
Samuel J Galloway Jr	Director	1.0	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
2025	No data	No data	No data	No data
2024	$621,416	$3,823,417	$32,586,001	$-3,202,001
2023	$886,764	$5,489,806	$33,042,527	$-4,603,042
2022	$164,190	$1,302,909	$34,371,148	$-1,138,719
2021	$665,686	$798,759	$40,500,350	$-133,073
2020	$4,737,675	$1,982,444	$37,372,263	$2,755,231
2019	$1,136,175	$2,410,818	$30,719,066	$-1,274,643
2018	$2,042,364	$2,623,284	$27,837,599	$-580,920