OLM STRONG FOUNDATION INC (EIN 824728366) - 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

2018

Legal Domicile

Principal Officer

JOSEPH PIAGENTINI

Phone

2036895101

Tax Period

2024-01-01 to 2024-12-31

OLM STRONG FOUNDATION INC, founded in 2018, is a small nonprofit in the Education sector that reported $410K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $2.2M represent 64 months of operating reserves.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES BY ENGAGING DIRECTLY OR INDIRECTLY IN ACTIVITIES IN SUPPORT OF SUCH PURPOSE AND BY MAKING FINANCIAL AND IN KIND CONTRIBUTIONS THROUGH THE USE OF FOUNDATION FACILITIES TO ORGANZATIONS, TO INCLUDE OUR LADY OF MERCY SCHOOL OF MADISON, INC., THAT QUALFITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $410,112

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $410,114

Expense Breakdown

Grants Paid $385,804

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $434,204

Other Expenses $58,648

TOTAL EXPENSES $444,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,114	$340,756	+0.2%
Expenses	$444,452	$435,439	+0.0%
Net Income	$-34,338	$-94,683	-0.6%

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
JOSEPH PIAGENTINI	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN PICARD	BOARD MEMBER	1.00	Director	$0	$0	$0
VLAD CORIC	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGG LALLIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES EMGLEHART	TREASURER	1.00	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
2024	$410,114	$444,452	$2,194,325	$-34,338
2022	$2,825,053	$873,932	$2,323,346	$1,951,121
2021	$840,010	$708,941	$104,725	$131,069
2020	$594,010	$625,479	$3,661	$-31,469
2019	$830,231	$1,311,918	$30,125	$-481,687
2018	$1,276,734	$789,922	$486,812	$486,812

OLM STRONG FOUNDATION INC