MACK FAMILY 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

2015

Legal Domicile

Principal Officer

CHRISTOPHER MACK

Phone

8594483430

Tax Period

2021-01-01 to 2021-12-31

MACK FAMILY FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $176K in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $156K left a modest 11% surplus.

Mission

THE MACK FAMILY FOUNDATION FOCUSES ON PROVIDING FOOD SECURITY, EDUCATIONAL OPPORTUNITIES AND INCREASING LITERACY FOR INNER-CITY ELEMENTARY STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $22,789

COACH MACK'S CORNER - THE MACK FAMILY FOUNDATION PARTNERS WITH LOCAL INNER- CITY ELEMENTARY SCHOOLS IN GREATER LOUISVILLE TO INSTALL STATE-OF-THE-ART READING ROOMS. THE FOUNDATION RENOVATES UNUSED...

COACH MACK'S CORNER - THE MACK FAMILY FOUNDATION PARTNERS WITH LOCAL INNER- CITY ELEMENTARY SCHOOLS IN GREATER LOUISVILLE TO INSTALL STATE-OF-THE-ART READING ROOMS. THE FOUNDATION RENOVATES UNUSED CLASSROOM OR SPACE WITHIN THE SCHOOL AND TURNS IN INTO A READING OASIS, COMPLETE WITH EXTENSIVE SHELVING, COMFORTABLE SEATING, EXCITING UNIVERSITY OF LOUISVILLE BASKETBALL-THEMED WALL GRAPHICS, SUBSCRIPTIONS TO CHILDRENS MAGAZINES AND MORE THAN 600 AGE-APPROPRIATE BOOKS AT THE STUDENTS DISPOSAL. THIS SPACE DRAWS CHILDRENS INTERESTS FAR MORE THAN AN ORDINARY LIBRARY IN HOPES TO FOSTER A LOVE OF READING. IN 2021, A NEW COACH MACK'S CORNER WAS OPENNED AT BYCK ELEMENTARY SCHOOL IN LOUISVILLE, KY.

Program 2

Expenses: $22,006

BACK TO SCHOOL - THE BACK TO SCHOOL PROGRAM IS HELD WITH THE PURPOSE OF ENSURING ELEMENTARY SCHOOL STUDENTS LIVING IN FINANCIALLY DISADVANTAGED HOMES HAVE THE ITEMS THEY NEED TO GO BACK TO SCHOOL -...

Program 3

Expenses: $25,497

FOOD FOR THOUGHT - A FOOD SECURITY PROGRAM CREATED TO DIRECTLY IMPACT INNER-CITY ELEMENTARY STUDENTS IN LOUISVILLE. IN 2021, THE FOUNDATION OPENNED A FOOD FOR THOUGHT PANTRY AT LAYNE ELEMENTARY...

FOOD FOR THOUGHT - A FOOD SECURITY PROGRAM CREATED TO DIRECTLY IMPACT INNER-CITY ELEMENTARY STUDENTS IN LOUISVILLE. IN 2021, THE FOUNDATION OPENNED A FOOD FOR THOUGHT PANTRY AT LAYNE ELEMENTARY SCHOOL. THIS PANTRY WILL SUPPLY FOOD TO THE STUDENTS AND FAMILIES OF LAYNE ELEMENTARY FOR THE 2021-22 SCHOOL YEAR AND INTO THE FALL/WINTER OF 2022. ALL LAYNE STUDENTS HAVE FULL ACCESS TO THE FOOD PANTRY DURING THE SCHOOL YEAR.

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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 (2021)

Revenue Breakdown

Contributions & Grants $154,049

Program Service Revenue $0

Investment Income $0

Other Revenue $21,799

TOTAL REVENUE $175,848

Expense Breakdown

Grants Paid $46,233

Salaries & Benefits $0

Fundraising Expenses $54,041

Program Expenses $88,180

Other Expenses $109,997

TOTAL EXPENSES $156,230

Year-over-Year Comparison

	2021	2020	Change
Revenue	$175,848	$223,436	-0.2%
Expenses	$156,230	$264,050	-0.4%
Net Income	$19,618	$-40,614	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY HEMASTH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTI MACK	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER MACK	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN NARNETT	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
RYAN SCHRAND	VICE PRESIDE	3.00	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
2021	$175,848	$156,230	$95,080	$19,618
2020	$223,436	$264,050	$75,261	$-40,614
2019	$319,066	$233,487	$116,118	$85,579