Nelle Norrell Foundation (EIN 756034201) - 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

1953

Legal Domicile

Phone

2149474581

Tax Period

2023-10-01 to 2024-09-30

Nelle Norrell Foundation, founded in 1953, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. The organization ran a surplus of $44K, a strong 38% operating margin.

Mission

THE NELLE NORRELL FOUNDATION WAS ESTABLISHED SOLELY FOR THE BENEFIT OF THE GOLDEN CROSS CLINIC PROGRAM OF METHODIST HOSPITALS OF DALLAS, A 501(C)(3) HOSPITAL. ALL EARNINGS OF THE FOUNDATION ARE DISTRIBUTED VIA THE METHODIST HOSPITALS OF DALLAS FOUNDATION TO THE METHODIST HOSPITAL OF DALLAS FOR THE BENEFIT OF TREATING INDIGENT PATIENTS AT THE GOLDEN CROSS CLINIC. SPECIFICALLY PATIENTS IDENTIFIED BY THE MINISTERS OF THE NORTH TEXAS CONFERENCE OF THE UNITED METHODIST CHURCH.

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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 $0

Program Service Revenue $0

Investment Income $115,777

Other Revenue $0

TOTAL REVENUE $115,777

Expense Breakdown

Grants Paid $72,013

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,013

Other Expenses $0

TOTAL EXPENSES $72,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,777	$-17,586	-7.6%
Expenses	$72,013	$65,019	+0.1%
Net Income	$43,764	$-82,605	-1.5%

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

$2,624,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODERICK WASHINGTON	CHAIR / TRUSTEE	0.1	Officer Director	$0	$0	$0
D MICHAEL REDDEN	TRUSTEE	0.1	Director	$0	$0	$0
MICHAEL L HUTTON	TRUSTEE	0.1	Director	$0	$0	$0
CRAIG BJERKE	TREASURER	0.1	Officer	$0	$165,387	$1,551,908
JAMES M JOHNSTON	PRESIDENT	0.1	Officer	$0	$61,035	$710,895
ROBERT M MILONE	ASSISTANT TREASURER	0.1	Officer	$0	$42,566	$361,857

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	$115,777	$72,013	$1,528,556	$43,764
2023	$-17,586	$65,019	$1,343,856	$-82,605
2022	$55,844	$55,844	$1,259,498	No data
2021	$253,752	$38,633	$1,531,828	$215,119
2020	$87,324	$29,076	$1,353,241	$58,248
2019	$29,447	$29,447	$1,246,322	No data
2018	$39,672	$25,909	$1,224,385	$13,763

Nelle Norrell Foundation