THE CHECK FOUNDATION INC

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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

2004

Legal Domicile

Principal Officer

BEV DRIBIN

Phone

4102676111

Tax Period

2023-01-01 to 2023-12-31

THE CHECK FOUNDATION INC, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 1797% operating deficit.

Mission

THE CHECK FOUNDATION WAS FORMED TO PROVIDE A VEHICLE FOR TOWNE PARK AND ITS EMPLOYEES TO EFFICIENTLY AND EFFECTIVELY SUPPORT THE COMMUNITIES CONTINUED ON SCHEDULE O

Program Service Accomplishments

Program 1

Expenses: $38,300

THE TOWNE PARK FOUNDATION IS FOCUSED FOCUSED ON SUPPORTING THE COMMUNITIES WHERE WE LIVE AND WORK, HELPING TOWNE PARK EMPLOYEES ACHIEVE THEIR EDUCATIONAL GOALS THROUGH SCHOLARSHIPS FOR HIGHER...

THE TOWNE PARK FOUNDATION IS FOCUSED FOCUSED ON SUPPORTING THE COMMUNITIES WHERE WE LIVE AND WORK, HELPING TOWNE PARK EMPLOYEES ACHIEVE THEIR EDUCATIONAL GOALS THROUGH SCHOLARSHIPS FOR HIGHER EDUCATION, AND ASSISTING OUR EMPLOYEES IN TIMES OF HARDSHIP THROUGH OUR EMPLOYEE RELIEF FUND.

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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 $0

Program Service Revenue $0

Investment Income $2,685

Other Revenue $0

TOTAL REVENUE $2,685

Expense Breakdown

Grants Paid $38,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,300

Other Expenses $12,640

TOTAL EXPENSES $50,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,685	$4,764	-0.4%
Expenses	$50,940	$49,218	+0.0%
Net Income	$-48,255	$-44,454	+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

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
BEV DRIBIN	PRESIDENT	001.00	Officer Director	$0	$0	$0
MIKE MORGIONI	TREASURER	001.00	Officer Director	$0	$0	$0
AMANDA QUILLEN	SECRETARY	001.00	Director	$0	$0	$0
MAT TORREZ	DIRECTOR	001.00	Director	$0	$0	$0
SHERRI EDWARDS	DIRECTOR	001.00	Director	$0	$0	$0
SAM ISLAS	DIRECTOR	001.00	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
2024	No data	No data	No data	No data
2023	$2,685	$50,940	$261,043	$-48,255
2022	$4,764	$49,218	$280,099	$-44,454
2021	$40,195	$56,793	$390,289	$-16,598
2020	$74,019	$386,168	$406,887	$-312,149
2019	$121,576	$105,856	$744,051	$15,720
2018	$231,394	$128,731	$613,311	$102,663