THE ALTHEA FOUNDATION (EIN 200371450) - 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

2003

Legal Domicile

Principal Officer

ALEXSIS DE RAADT ST JAME

Phone

4155639705

Tax Period

2020-02-01 to 2021-01-31

THE ALTHEA FOUNDATION, founded in 2003, is a micro nonprofit that reported $44K in total revenue in fiscal year 2020. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 56% operating deficit.

Mission

SINCE 2003, THE ALTHEA FOUNDATION HAS USED A VENTURE MODEL TO PROVIDE FINANCIAL AND NONFINANCIAL SUPPORT TO PEOPLE, IDEAS AND INITIATIVES THAT DEMONSTRATE INGENUITY, SOCIAL IMPACT AND SOCIAL ENTREPRENEURSHIP. WE ADDRESS SOCIAL CHALLENGES THAT HAVE BEEN UNDERFUNDED, SUCH AS GENDER EQUITY IN ENTREPRENEURSHIP AND STEM, RARE DISEASE, MENTAL HEALTH TREATMENT AND EDUCATION. WE PARTNER WITH INVESTORS, ENTREPRENEURS AND PHILANTHROPISTS WHO USE TECHNOLOGY TO SCALE AND ENHANCE SOCIAL IMPACT. OUR WORK IS FOCUSED IN THE US & UK.

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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 (2020)

Revenue Breakdown

Contributions & Grants $44,421

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,421

Expense Breakdown

Grants Paid $32,231

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,231

Other Expenses $36,913

TOTAL EXPENSES $69,144

Year-over-Year Comparison

	2020	2019	Change
Revenue	$44,421	$446,026	-0.9%
Expenses	$69,144	$423,514	-0.8%
Net Income	$-24,723	$22,512	-2.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXSIS DE RAADT ST JAMES	PRESIDENT/FOUNDER	2.00	Officer Director	$0	$0	$0
NICK SHORE	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL BOLLAND	CFO	1.00	Officer Director	$0	$0	$0
MARK HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ED FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN AMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LEISHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PRIYA GUHA	BOARD MEMBER	1.00	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
2021	$44,421	$69,144	$25,529	$-24,723
2020	$446,026	$423,514	$51,158	$22,512

THE ALTHEA FOUNDATION