Jim and Elouise Elder 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

2023

Legal Domicile

Principal Officer

Richard Halle

Phone

6618734900

Tax Period

2023-01-01 to 2023-12-31

Jim and Elouise Elder Foundation, founded in 2023, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.1M in total revenue in fiscal year 2023. The organization ran a surplus of $10.1M, a strong 100% operating margin.

Mission

Program Service Accomplishments

Program 1

Revenue: $152,872

Jim Elder was an impoverished youth from Arkansas who came to Kern County after service in the US Navy. Jim had only a 5th grade education when he left Arkansas. After his military service, Jim...

Jim Elder was an impoverished youth from Arkansas who came to Kern County after service in the US Navy. Jim had only a 5th grade education when he left Arkansas. After his military service, Jim attended night school to become a chemist. Jim came to Bakersfield in the early 1960s and he and his wife Elouise built a successful business in East Bakersfield Sequoia Paint. With Jim and Elouises passing, they left a legacy through their foundation for the betterment of Kern County. The Foundation's purposes are to provide for Veteran support, Family support, Animal welfare and general betterment of Kern County through grants to qualified non-profit organizations with a IRC 501 approved status.

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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 $9,970,345

Program Service Revenue $0

Investment Income $152,872

Other Revenue $0

TOTAL REVENUE $10,123,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $39,436

TOTAL EXPENSES $39,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,123,217	N/A	N/A
Expenses	$39,436	N/A	N/A
Net Income	$10,083,781	N/A	N/A

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

N/A

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
Richard Halle	Director	0.00	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
2023	$10,123,217	$39,436	$10,083,781	$10,083,781