THE CODEX FOUNDATION (EIN 113763607) - 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

2007

Legal Domicile

Principal Officer

INGE BRUGGEMAN

Phone

5104047736

Tax Period

2024-01-01 to 2024-12-31

THE CODEX FOUNDATION, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $181K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $418K exceeded revenue, resulting in a 131% operating deficit.

Mission

WE EXIST TO PRESERVE AND PROMOTE THE HANDMADE BOOK AS A WORK OF ART IN THE BROADEST POSSIBLE CONTEXT AND TO BRING TO PUBLIC RECOGNITION THE ARTISTS, THE CRAFTS, AND THE RICH HISTORY OF THE CIVILIZATION OF THE BOOK.

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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 $59,515

Program Service Revenue $113,874

Investment Income $5,506

Other Revenue $1,876

TOTAL REVENUE $180,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,318

Fundraising Expenses $42,913

Program Expenses $311,254

Other Expenses $240,469

TOTAL EXPENSES $417,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,771	$436,722	-0.6%
Expenses	$417,787	$266,710	+0.6%
Net Income	$-237,016	$170,012	-2.4%

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

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

$155,186

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER KOCH	BOARD PRESID	1.00	Officer Director	$0	$0	$0
RUSSELL MARET	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
SUSAN FILTER	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
CAMDEN RICHARDS	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLEE CAMPBELL	BOARD MEMBER	0.50	Director	$0	$0	$0
DUKE COLLIER	BOARD MEMBER	0.50	Director	$0	$0	$0
FERNANDO ONDARZA	BOARD MEMBER	0.50	Director	$0	$0	$0
HARRY REESE	BOARD MEMBER	0.50	Director	$0	$0	$0
KENNETH SHURE	BOARD MEMBER	0.50	Director	$0	$0	$0
INGE BRUGGEMAN	EXECUTIVE DI	35.00	Officer	$85,500	$0	$85,500
DINA POLLACK	MANAGING DIR	25.00	Officer	$34,843	$0	$34,843
JONATHAN GERKEN	STUDIO MANAG	25.00	Officer	$34,843	$0	$34,843

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	$180,771	$417,787	$1,857,962	$-237,016
2023	$436,722	$266,710	$2,095,600	$170,012
2023	$436,722	$266,710	$2,095,600	$170,012
2022	$1,993,074	$280,843	$1,924,356	$1,712,231
2021	$146,529	$233,219	$212,334	$-86,690
2020	$73,447	$195,097	$298,666	$-121,650
2019	$335,076	$235,843	$470,030	$99,233
2019	$288,608	$238,913	$420,281	$49,695
2018	$190,252	$149,674	$377,003	$40,578

THE CODEX FOUNDATION