THE MICHAEL PHELPS FOUNDATION (EIN 611571538) - 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

2008

Legal Domicile

Principal Officer

MICHAEL F PHELPS II

Phone

2075368375

Tax Period

2024-01-01 to 2024-12-31

THE MICHAEL PHELPS FOUNDATION, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 6% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE HEALTHY, ACTIVE LIVES, ESPECIALLY FOR CHILDREN, PRIMARILY BY EXPANDING OPPORTUNITIES FOR PARTICIPATION IN THE SPORT OF SWIMMING.

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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 $1,887,447

Program Service Revenue $0

Investment Income $4,832

Other Revenue $-551,374

TOTAL REVENUE $1,340,905

Expense Breakdown

Grants Paid $588,885

Salaries & Benefits $234,267

Fundraising Expenses $84,957

Program Expenses $1,046,680

Other Expenses $442,030

TOTAL EXPENSES $1,265,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,340,905	$1,127,489	+0.2%
Expenses	$1,265,182	$1,415,498	-0.1%
Net Income	$75,723	$-288,009	-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

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

$38,422

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE PHELPS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL LYNCH	BOARD MEMBER	3.00	Director	$0	$0	$0
DEBBIE PHELPS	SECRETARY	3.00	Officer Director	$0	$0	$0
LENNY KRAYZELBERG	TREASURER	3.00	Officer Director	$0	$0	$0
BOB BOWMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
MIKE UNGER	BOARD MEMBER	3.00	Director	$0	$0	$0
KRISTIN STRUBLE	BOARD MEMBER	3.00	Director	$0	$0	$0
MARISSA FORTIER	MANAGING DIRECTOR (THRU 4/24)	40.00	Officer	$38,422	$0	$38,422

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	$1,340,905	$1,265,182	$1,437,272	$75,723
2023	$1,127,489	$1,415,498	$1,509,140	$-288,009
2022	$832,791	$869,679	$1,690,535	$-36,888
2021	$681,369	$709,662	$1,732,534	$-28,293
2020	$1,240,856	$600,939	$1,762,018	$639,917
2019	$846,574	$877,556	$1,106,178	$-30,982
2018	$1,101,282	$975,490	$1,157,989	$125,792

THE MICHAEL PHELPS FOUNDATION