EVANSVILLE P-47 FOUNDATION INC (EIN 844887552) - 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

2020

Legal Domicile

Principal Officer

JOHN M DUNN

Phone

8122054793

Tax Period

2023-01-01 to 2023-12-31

EVANSVILLE P-47 FOUNDATION INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $566K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $406K, a strong 72% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS THE ACQUISITION, MAINTENANCE, OWNERSHIP, AND DISPLAY OF WARTIME PLANES AND EQUIPMENT, INCLUDING BUT NOT LIMITED TO WORLD WAR II AIRCRAFT SUCH AS A P-47 FOR EDUCATIONAL AND MUSEUM PURPOSES.

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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 $548,332

Program Service Revenue $7,140

Investment Income $734

Other Revenue $9,986

TOTAL REVENUE $566,192

Expense Breakdown

Grants Paid $25,300

Salaries & Benefits $0

Fundraising Expenses $21,244

Program Expenses $110,674

Other Expenses $134,966

TOTAL EXPENSES $160,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,192	$408,590	+0.4%
Expenses	$160,266	$329,488	-0.5%
Net Income	$405,926	$79,102	+4.1%

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
RICK KASKEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK BROWNING MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN M DUNN	TREASURER	1.00	Officer Director	$0	$0	$0
JACK BUTTRUM	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLEN SANDERSON	MEMBER	1.00	Director	$0	$0	$0
RICHARD KUHN	MEMBER	1.00	Director	$0	$0	$0
DONA BONE	MEMBER	1.00	Director	$0	$0	$0
BILL SCHIRMER	MEMBER	1.00	Director	$0	$0	$0
WAYNE KINNEY	MEMBER	1.00	Director	$0	$0	$0
DAN HENDRICKSON	MEMBER	1.00	Director	$0	$0	$0
FRITZ PREHN	MEMBER	1.00	Director	$0	$0	$0
CHUCK TAYLOR	MEMBER	1.00	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	No data	No data	No data	No data
2023	$566,192	$160,266	$3,276,110	$405,926
2022	$408,590	$329,488	$3,283,681	$79,102
2021	$844,915	$81,637	$3,537,721	$763,278

EVANSVILLE P-47 FOUNDATION INC