ALTERMAN FOUNDATION (EIN 834656552) - 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

2019

Legal Domicile

Principal Officer

ROD STREETS

Phone

2104966888

Tax Period

2023-01-01 to 2023-12-31

ALTERMAN FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $120K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $158K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE FOUNDATION SUPPORTS LOCAL CHARITIES IN THE COMMUNITY, ESPECIALLY IN TIMES OF NEEDS SUCH AS HURRICANES OR OTHER NATURAL DISASTERS.

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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 $165,756

Program Service Revenue $0

Investment Income $0

Other Revenue $-45,334

TOTAL REVENUE $120,422

Expense Breakdown

Grants Paid $158,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,000

Other Expenses $382

TOTAL EXPENSES $158,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,422	$208,397	-0.4%
Expenses	$158,382	$220,288	-0.3%
Net Income	$-37,960	$-11,891	+2.2%

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
GREG PADALECKI	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
ROD STREETS	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
KRYSTI SEIBERT	DIRECTOR/SECRETARY	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	No data	No data	No data	No data
2023	$120,422	$158,382	$16,564	$-37,960
2022	$208,397	$220,288	$54,524	$-11,891
2021	$139,352	$135,024	$66,415	$4,328

ALTERMAN FOUNDATION