Aarsand Family Foundation Inc

EIN: 201579144 501(c)(3) Education

Owings Mills, MD

Total Revenue
$1,000
Total Expenses
$73,319
Total Assets
$103,152
Net Assets
$103,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MD
Principal Officer
Kurt Aarsand
Phone
4107711880
Tax Period
2025-01-01 to 2025-12-31

Aarsand Family Foundation Inc, founded in 2004, is a micro nonprofit in the Education sector that reported $1K in total revenue in fiscal year 2025. Expenses of $73K exceeded revenue, resulting in a 7232% operating deficit.

Mission

To make distributions to Sec 501(c)(3)organizations who support underprivleged children and teens by providing educational support

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,000

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $71,550
Other Expenses $69,819
TOTAL EXPENSES $73,319

Year-over-Year Comparison

2025 2024 Change
Revenue $1,000 N/A N/A
Expenses $73,319 $62,445 +0.2%
Net Income $-72,319 $-62,445 +0.2%
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

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Governance

Voting Members
6
Independent Members
1
Employees
N/A
Volunteers
12

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kurt AArsand President 2.00
Officer Director
$0 $0 $0
Jeff Bedford Treasurer 2.00
Officer Director
$0 $0 $0
Krista Bedford Vice President 2.00
Officer Director
$0 $0 $0
Torben Aarsand Executive Director 40.00
Director
$0 $0 $0
Scott Maxwell Board Member 2.00
Director
$0 $0 $0
Katherine Laws Board Member 2.00
Director
$0 $0 $0
John Dawn Maxwell and daugthers Jes Found. Mgr. 1.00
Director
$0 $0 $0
Patricia Ryan and son Jim Found. Mgr. 1.00
Director
$0 $0 $0
Kasey Steel and Hailey Bedford Found. Mgr. 1.00
Director
$0 $0 $0
Jeanne Rose Aarsand Found. Mgr. 1.00
Director
$0 $0 $0
Elaine Aarsand Found. Mgr. 1.00
Director
$0 $0 $0
Kay Aarsand Director 1.00
Director
$0 $0 $0
Katie Allen Director 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
2025 $1,000 $73,319 $103,152 $-72,319
2024 No data $62,445 $175,471 No data
2023 No data $33,543 $237,981 No data
2022 $190,958 $95,384 $271,459 $95,574
2021 $174,477 $177,965 $175,884 $-3,488
2020 $113,741 $138,227 $179,372 $-24,486
2019 $195,512 $122,376 $203,858 $73,136
2018 $132,310 $158,250 $126,543 $-25,940
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