THE SALEM FOUNDATION (EIN 936018523) - 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

1930

Legal Domicile

Principal Officer

PAUL MCHERMAN

Phone

5033633136

Tax Period

2023-05-01 to 2024-04-30

THE SALEM FOUNDATION, founded in 1930, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 36% operating margin.

Mission

THE SALEM FOUNDATION EXISTS FOR THE PURPOSE OF RECEIVING, SAFEGUARDING, AND DISBURSING FUNDS FOR CHARITABLE PURPOSES IN THE VICINITY OF SALEM, OREGON.

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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 $8,369,052

Program Service Revenue $0

Investment Income $1,552,416

Other Revenue $451,243

TOTAL REVENUE $10,372,711

Expense Breakdown

Grants Paid $6,111,186

Salaries & Benefits $473,953

Fundraising Expenses $0

Program Expenses $6,129,142

Other Expenses $27,932

TOTAL EXPENSES $6,613,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,372,711	$3,345,668	+2.1%
Expenses	$6,613,071	$4,118,990	+0.6%
Net Income	$3,759,640	$-773,322	-5.9%

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
BRIAN CONDELLO	COMMITTEE MEMBER	0.25	Director	$0	$0	$0
LAURA TESLER	COMMITTEE MEMBER	0.25	Director	$0	$0	$0
DEBRA LUSH	COMMITTEE CHAIRMAN	0.25	Director	$0	$0	$0
LOUIS-CLAUDE NGUEA-NJOH	COMMITTEE MEMBER	0.25	Director	$0	$0	$0
TERRY HANCOCK	COMMITTEE MEMBER	0.25	Director	$0	$0	$0
N/A	TRUSTEE	40.00		$459,028	$0	$459,028

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	$10,372,711	$6,613,071	$39,558,682	$3,759,640
2023	$3,345,668	$4,118,990	$34,545,619	$-773,322
2022	$4,735,987	$4,442,641	$34,628,460	$293,346
2021	$4,306,114	$3,557,683	$35,726,700	$748,431
2020	$2,231,073	$2,819,958	$29,556,546	$-588,885
2019	$4,649,677	$2,631,102	$29,898,606	$2,018,575
2018	$3,200,819	$1,860,786	$26,278,570	$1,340,033

THE SALEM FOUNDATION