ELWOOD AREA FOUNDATION INC (EIN 760741866) - 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

Legal Domicile

Principal Officer

KATE HATCH

Phone

3087858113

Tax Period

2023-01-01 to 2023-12-31

ELWOOD AREA FOUNDATION INC is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

COMMUNITY IMPROVEMENT, YOUTH SCHOLARSHIPS AND GRANTS

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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 $147,258

Program Service Revenue $177,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $324,898

Expense Breakdown

Grants Paid $107,800

Salaries & Benefits $44,654

Fundraising Expenses $0

Other Expenses $165,977

TOTAL EXPENSES $318,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,898	$682,224	-0.5%
Expenses	$318,431	$562,216	-0.4%
Net Income	$6,467	$120,008	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA EVANS	DIRECTOR	N/A	Director	$0	$0	$0
KATE HATCH	CHAIRPERSON	N/A	Officer	$0	$0	$0
CAROLE KLEINE	DIRECTOR	N/A	Director	$0	$0	$0
MARTY KLEPPINGER	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN NELSON	DIRECTOR	N/A	Director	$0	$0	$0
JENNA ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
NANCY SCHUTZ	DIRECTOR	N/A	Director	$0	$0	$0
KIM SCOVILLE	DIRECTOR	N/A	Director	$0	$0	$0
MARK WEISSERT	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$324,898	$318,431	$591,430	$6,467
2022	$682,224	$562,216	$584,963	$120,008
2021	$111,310	$144,628	$580,763	$-33,318
2020	$93,695	$96,998	$601,494	$-3,303
2019	$85,239	$175,294	$580,292	$-90,055
2018	$124,027	$129,380	$647,300	$-5,353

ELWOOD AREA FOUNDATION INC