MICHAEL J CONNELL MEMORIAL FUND C/O ALLEN & KIMBELL (EIN 956032559) - 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

1939

Legal Domicile

Phone

8059638611

Tax Period

2024-01-01 to 2024-12-31

MICHAEL J CONNELL MEMORIAL FUND C/O ALLEN & KIMBELL, founded in 1939, is a small nonprofit in the Education sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 6425% operating deficit.

Mission

SUPPORT REGENTS OF UNIVERSITY OF CALIFORNIA.

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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 $0

Program Service Revenue $0

Investment Income $17,529

Other Revenue $84,493

TOTAL REVENUE $102,022

Expense Breakdown

Grants Paid $6,500,329

Salaries & Benefits $49,000

Fundraising Expenses $0

Program Expenses $6,500,329

Other Expenses $107,956

TOTAL EXPENSES $6,657,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,022	$557,951	-0.8%
Expenses	$6,657,285	$8,191,385	-0.2%
Net Income	$-6,555,263	$-7,633,434	-0.1%

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

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

$49,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LOEBL	CO-TRUSTEE	5.00	Director	$49,000	$0	$49,000

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	$102,022	$6,657,285	$903,759	$-6,555,263
2023	$557,951	$8,191,385	$7,459,022	$-7,633,434
2022	$808,622	$1,111,654	$15,092,456	$-303,032
2021	$1,508,950	$1,080,008	$15,395,488	$428,942
2020	$639,270	$1,059,084	$14,966,546	$-419,814
2019	$704,992	$983,935	$15,386,360	$-278,943
2018	$1,328,319	$1,048,844	$15,665,303	$279,475

MICHAEL J CONNELL MEMORIAL FUND C/O ALLEN & KIMBELL