BELVIDERE FOUNDATION (EIN 843778646) - 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

2021

Legal Domicile

Principal Officer

PETER DROEGE

Phone

3035825251

Tax Period

2024-01-01 to 2024-12-31

BELVIDERE FOUNDATION, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 374% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 98% operating margin.

Mission

THE BELVIDERE FOUNDATION WAS CREATED TO SUPPORT THE FOLLOWING GOALS: (I) THE RESTORATION, PRESERVATION, AND IMPROVEMENT OF THE HISTORIC STRUCTURE AND PROPERTY OWNED BY THE CITY AND COMMONLY KNOWN AS THE BELVIDERE THEATER, (II) THE ADMINISTRATION OPERATION, MAINTENANCE, MARKETING, AND PROGRAMMING OF THE BELVIDERE THEATER; AND (III) FUNDRAISING AND OTHER FISCAL TRANSACTIONS THAT SUPPORT AND FURTHER THE FOUNDATION'S MISSION.

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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 $2,684,730

Program Service Revenue $0

Investment Income $0

Other Revenue $-5,643

TOTAL REVENUE $2,679,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,644

Other Expenses $58,644

TOTAL EXPENSES $58,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,679,087	$565,313	+3.7%
Expenses	$58,644	$29,732	+1.0%
Net Income	$2,620,443	$535,581	+3.9%

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
PETER DROEGE	PRESIDENT	5.00	Officer Director	$0	$0	$0
BETTY MAHAFFEY	TREASURER	9.00	Officer Director	$0	$0	$0
BARBARA THIELEMANN	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
ERIC CHINN	EVENTS CHAIR	2.00	Director	$0	$0	$0
COREY MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN WALKER	DIRECTOR	2.00	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	$2,679,087	$58,644	$3,345,294	$2,620,443
2023	$565,313	$29,732	$726,748	$535,581

BELVIDERE FOUNDATION