THE FUGATE MATTINGLY FOUNDATION INC

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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

2017

Legal Domicile

Principal Officer

NICHOLAS J FUGATE MD

Phone

6062693156

Tax Period

2024-01-01 to 2024-12-31

THE FUGATE MATTINGLY FOUNDATION INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. The organization ran a surplus of $3.0M, a strong 98% operating margin.

Mission

TO PROVIDE SUPPORT TO UNDERPRIVILEGED CHILDREN IN SOUTHEASTERN KENTUCKY AND TO PROVIDE SUPPORT FOR ANIMAL RESCUES AND SHELTERS

Program Service Accomplishments

Program 1

Expenses: $74,074 Revenue: $3,088,485

THE ORGANIZATION SUPPORTED SPORTS TEAMS AND PROVIDED ACADEMIC SCHOLARSHIPS TO ORGANIZATIONS AND SCHOOLS IN SOUTHEASTERN KENTUCKY.

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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 $3,084,000

Program Service Revenue $0

Investment Income $4,485

Other Revenue $0

TOTAL REVENUE $3,088,485

Expense Breakdown

Grants Paid $71,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,074

Other Expenses $2,724

TOTAL EXPENSES $74,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,088,485	N/A	N/A
Expenses	$74,074	N/A	N/A
Net Income	$3,014,411	N/A	N/A

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

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
NICHOLAS J FUGATE	PRESIDENT	5.00	Officer	$0	$0	$0
SHAWN S FUGATE II	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
SHAWN S FUGATE	SECRETARY	5.00	Officer	$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	$3,088,485	$74,074	$3,059,374	$3,014,411
2023	$101,363	$61,400	$39,963	$39,963