Steve Maxheimer Memorial Scholarship Foundation Inc

Nonprofit profile at a glance

EIN
364539953
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Peoria, IL, USA
Phone
3096760400
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$44,718
Expenses
$35,742
Assets
$132,919

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • TIM WALTERS (PRESIDENT)

People named in this filing

  • TIMOTHY J SAURS (DIRECTOR)
  • MATTHEW S HEFFLEFINGER (DIRECTOR)
  • TIM WALTERS (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Award college scholarships to young men and women from the tri-county area (peoria, tazewell and woodford counties in Illinois) with an interest in golf and/or from Washington community high school.

What it reported doing in 2025

The steve maxheimer memorial scholarship foundation, inc. Provided 10 scholarships of 3,500 to various universities and colleges.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 82
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 97.9%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 20.1%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 3.72; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 97.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $35K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Officer compensation ratio scored 56/100.