PORTER COUNTY GOVERNMENT CHARITABL… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

KAREN M MARTIN

Phone

2194653350

Tax Period

2024-01-01 to 2024-12-31

PORTER COUNTY GOVERNMENT CHARITABLE NONPROFIT FOUNDATION INC, founded in 2016, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.5M in total revenue in fiscal year 2024. The organization ran a surplus of $4.8M, a strong 46% operating margin.

Mission

The Porter County Government Charitable Nonprofit Foundation PCGCNF is a public benefit corporation to benefit perform and carry out the charitable scientific and educational purposes of Porter County and to lessen the burden of Porter County government in providing public services. This mission is accomplished through the Foundations oversight.

Program Service Accomplishments

Program 1

Expenses: $5,630,598 Revenue: $0

In accordance with IC 36-1-14-3 the Porter County Government Charitable Nonprofit Foundation PCGCNF annually distributes to Porter County government up to 5% of the total return on its assets. In...

In accordance with IC 36-1-14-3 the Porter County Government Charitable Nonprofit Foundation PCGCNF annually distributes to Porter County government up to 5% of the total return on its assets. In 2023 the distribution from the 2022 earnings totaled $5,630,958. In accordance with policies established by the primary government this distribution is placed in a county holding fund. Annually the countys fiscal body adopts a budget that establishes how the proceeds will be expended. The amount of the annual distribution necessary to fund this budget is transferred to a second budgetary fund. The balance remains in the holding fund for future use.

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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 $10,455,624

Other Revenue $76,000

TOTAL REVENUE $10,531,624

Expense Breakdown

Grants Paid $5,630,598

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,630,598

Other Expenses $76,000

TOTAL EXPENSES $5,706,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,531,624	$9,832,623	+0.1%
Expenses	$5,706,598	$5,583,054	+0.0%
Net Income	$4,825,026	$4,249,569	+0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$201,644

Total Directors

$326,594

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen M Martin	Porter County Auditor	2.00	Officer	$0	$0	$80,698
Michelle Clancy	Porter County Treasurer	1.00	Officer	$0	$0	$74,237
Scott McClure	Porter County Attorney	2.00	Officer	$0	$0	$46,709
James Biggs	Porter County Commissioner President	1.00	Director	$0	$0	$55,622
Laura Blaney	Porter County Commissioner	1.00	Director	$0	$0	$55,622
Barb Regnitz	Porter County Commissioner	1.00	Director	$0	$0	$55,622
Jeremy Rivas	Porter County Council Member	1.00	Director	$0	$0	$22,503
Ronald Stone	Porter County Council Member	1.00	Director	$0	$0	$22,503
Andrew Bozak	Porter County Council Member	1.00	Director	$0	$0	$22,503
Michael Brickner	Porter County Council President	1.00	Director	$0	$0	$24,710
Andrew Vasquez	Porter County Council Member	1.00	Director	$0	$0	$22,503
Sylvia Graham	Porter County Council Member	1.00	Director	$0	$0	$22,503
Gregory Simms Jr	Porter County Council Member	1.00	Director	$0	$0	$22,503

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	$10,531,624	$5,706,598	$192,840,869	$4,825,026
2023	$9,832,623	$5,583,054	$181,159,148	$4,249,569
2022	$7,288,446	$5,551,961	$163,563,708	$1,736,485
2021	$7,720,193	$8,381,486	$195,277,590	$-661,293
2020	$15,502,795	$7,591,767	$188,015,526	$7,911,028
2019	$7,154,795	$85,318	$173,502,472	$7,069,477

PORTER COUNTY GOVERNMENT CHARITABLE NONPROFIT FOUNDATION INC