GARY & JEANETTE HERBERT 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

2019

Legal Domicile

Principal Officer

GARY R HERBERT

Phone

8013185598

Tax Period

2025-01-01 to 2025-12-31

GARY & JEANETTE HERBERT FOUNDATION, founded in 2019, is a small nonprofit that reported $253K in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $136K, a strong 54% operating margin.

Mission

THE MISSION OF THE GARY AND JEANETTE HERBERT FOUNDATION IS TO EDUCATE, RAISE AWARENESS, AND PROMOTE UNDERSTANDING OF THE FUNDAMENTAL GOVERNING PRINCIPLES OF OUR DEMOCRATIC REPUBLIC. THE FOUNDATION WILL PERFORM ITS MISSION BY: - SPONSORING EDUCATIONAL EFFORTS TO EXPAND PUBLIC UNDERSTANDING OF INDIVIDUAL LIBERTIES, CIVIC ENGAGEMENT, FREE MARKET PRINCIPLES, AND APPROPRIATE GOVERNMENT FUNCTIONS - PROMOTING MEANINGFUL DISCOURSE OF THE ROLES OF FEDERAL AND STATE GOVERNMENTS WITHOUT REGARD TO POLITICAL AFFILIATIONS - SUPPORTING THE EFFORTS OF THE HERBERT INSTITUTE FOR PUBLIC POLICY AT UTAH VALLEY UNIVERSITY

Program Service Accomplishments

Program 1

Expenses: $50,000

AFFILIATE FUNDING OF HERBERT INSTITUTE OF PUBLIC POLICY AT UTAH VALLEY UNIVERSITY

Program 2

SPONSORED PUBLIC FORUMS - GUEST LECTURERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $198,000

Program Service Revenue $0

Investment Income $54,535

Other Revenue $0

TOTAL REVENUE $252,535

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $48,125

Program Expenses $53,993

Other Expenses $18,684

TOTAL EXPENSES $116,809

Year-over-Year Comparison

	2025	2024	Change
Revenue	$252,535	$360,376	-0.3%
Expenses	$116,809	$118,955	0.0%
Net Income	$135,726	$241,421	-0.4%

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

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
GARY R HERBERT	BOARD CHAIR,	20.00	Officer Director	$0	$0	$0
RONALD K HAWKINS	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JEANETTE HERBERT	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY REES ANDERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA MILLER	CORP SECRETA	2.00	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
2025	$252,535	$116,809	$1,653,856	$135,726
2024	No data	No data	No data	No data
2023	$473,500	$1,708,794	$1,276,710	$-1,235,294
2022	$2,471,000	$195,802	$2,512,004	$2,275,198
2021	$235,999	$584,821	$236,807	$-348,822
2020	$281,325	$13,099	$585,629	$268,226
2019	$321,239	$3,836	$317,403	$317,403