FOUNDATION FOR A COURSE IN MIRACLES (EIN 133168245) - 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

1982

Legal Domicile

Principal Officer

DAVID SALOUR

Phone

9512966261

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR A COURSE IN MIRACLES, founded in 1982, is a small nonprofit that reported $497K in total revenue in fiscal year 2023. Expenses of $686K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE FOUNDATION HOLDS CLASSES AND WORKSHOPS AIMED AT HELPING STUDENTS OF A COURSE IN MIRACLES TO UNDERSTAND THE TEACHINGS OF FORGIVENESS, TO INTEGRATE ITS PRINCIPLES INTO THEIR LIVES, AND TO DEVELOP A BETTER RELATIONSHIP WITH THE HOLY SPIRIT.

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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 $132,201

Program Service Revenue $29,412

Investment Income $170,391

Other Revenue $165,095

TOTAL REVENUE $497,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,092

Fundraising Expenses $0

Program Expenses $561,463

Other Expenses $236,485

TOTAL EXPENSES $685,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,099	$493,902	+0.0%
Expenses	$685,577	$686,421	0.0%
Net Income	$-188,478	$-192,519	0.0%

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

$182,556

Total Directors

$182,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SALOUR	PRESIDENT/TR	30.00	Officer Director	$116,000	$11,213	$127,213
MARK SALOUR	SECRETARY	5.00	Officer Director	$55,343	$0	$55,343
JEAN BOUTIN	RESIGNED 1/3	N/A	Director	$0	$0	$0
ALYSSA JUSKOWITZ	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN MURPHY	DIRECTOR	N/A	Director	$0	$0	$0
HANNAH NAKHSHAB	DECEASED 1/1	N/A	Director	$0	$0	$0

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	$497,099	$685,577	$6,818,659	$-188,478
2022	$493,902	$686,421	$6,935,336	$-192,519
2021	$2,202,230	$821,134	$7,146,201	$1,381,096
2020	$453,241	$629,244	$6,131,057	$-176,003
2019	$220,291	$758,132	$6,054,389	$-537,841
2018	$971,430	$859,867	$6,425,469	$111,563

FOUNDATION FOR A COURSE IN MIRACLES