HARTSPRINGS FOUNDATION INC (EIN 043378672) - 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

1997

Legal Domicile

Principal Officer

MICHAEL P BUCKMASTER

Phone

4137327111

Tax Period

2023-01-01 to 2023-12-31

HARTSPRINGS FOUNDATION INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

THE FOUNDATION'S MISSION IS TO RAISE FUNDS FOR BIG BROTHERS BIG SISTERS ORGANIZATIONS.

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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 $1,865,120

Program Service Revenue $0

Investment Income $44

Other Revenue $31,783

TOTAL REVENUE $1,896,947

Expense Breakdown

Grants Paid $62,016

Salaries & Benefits $780,501

Fundraising Expenses $0

Program Expenses $1,865,347

Other Expenses $1,230,961

TOTAL EXPENSES $2,073,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,896,947	$1,924,306	0.0%
Expenses	$2,073,478	$2,086,221	0.0%
Net Income	$-176,531	$-161,915	+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

Employees

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

$79,867

Total Directors

$14,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BETURNE	SECRETARY	4.00	Officer Director	$14,500	$0	$14,500
DANIEL MORRILL	MEMBER	1.00	Director	$0	$0	$0
LOUIS SCUNGIO	MEMBER "PAST"	1.00	Director	$0	$0	$0
DONNA WEXLER	MEMBER	1.00	Director	$0	$0	$0
MICHAEL P BUCKMASTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL OLEKSAK	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID PARKINSON	OPERATIONS MANAGER	40.00	Officer	$65,367	$0	$65,367

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	No data	No data	No data	No data
2023	$1,896,947	$2,073,478	$72,583	$-176,531
2022	$1,924,306	$2,086,221	$285,963	$-161,915
2021	$2,108,200	$2,032,221	$399,540	$75,979
2020	$1,602,585	$1,426,869	$309,518	$175,716
2019	$1,950,667	$1,950,204	$158,429	$463
2018	$2,181,868	$2,414,019	$177,119	$-232,151

HARTSPRINGS FOUNDATION INC