HEMINGWAY FACULTY TRUST AT WEBER STATE C/O BRAD MORTENSEN (EIN 870465806) - 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

1988

Legal Domicile

Principal Officer

BETSY MENNELL

Phone

8474411237

Tax Period

2023-01-01 to 2023-12-31

HEMINGWAY FACULTY TRUST AT WEBER STATE C/O BRAD MORTENSEN, founded in 1988, is a micro nonprofit in the Education sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 139% operating deficit.

Mission

TO SUPPORT PROGRAMS THAT BENEFIT WEBER STATE UNIVERSITY FACULTY.

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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 $0

Program Service Revenue $0

Investment Income $60,337

Other Revenue $216

TOTAL REVENUE $60,553

Expense Breakdown

Grants Paid $134,439

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,439

Other Expenses $10,319

TOTAL EXPENSES $144,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,553	$109,986	-0.4%
Expenses	$144,758	$145,434	0.0%
Net Income	$-84,205	$-35,448	+1.4%

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

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
JANE HEMINGWAY MASON	CO-TRUSTEE	1.00	Director	$0	$0	$0
HENRY S HEMINGWAY	CO-TRUSTEE	1.00	Director	$0	$0	$0
HELEN HEMINGWAY-CARDON	CO-TRUSTEE	1.00	Director	$0	$0	$0
BRAD MORTENSEN	CO-TRUSTEE	1.00	Director	$0	$0	$0
NORMAN C TARBOX	CO-TRUSTEE	1.00	Director	$0	$0	$0
BETSY MENNELL	CO-TRUSTEE	1.00	Director	$0	$0	$0
RAVI KROVI	CO-TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$60,553	$144,758	$1,596,009	$-84,205
2022	$109,986	$145,434	$1,680,360	$-35,448
2021	$157,770	$123,829	$1,716,606	$33,941
2020	$102,790	$124,724	$1,682,590	$-21,934
2019	$96,029	$119,749	$1,704,138	$-23,720
2018	$153,033	$113,131	$1,728,193	$39,902

HEMINGWAY FACULTY TRUST AT WEBER STATE C/O BRAD MORTENSEN