THE BART FOUNDATION INC (EIN 203281228) - 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

2005

Legal Domicile

Principal Officer

CHARLES SWABEY

Phone

4137437311

Tax Period

2024-07-01 to 2025-06-30

THE BART FOUNDATION INC, founded in 2005, is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 99% operating deficit.

Mission

THE PURPOSE OF THE BART FOUNDATION IS TO ENHANCE THE EDUCATIONAL OPPORTUNITIES OF CHILDREN IN BERKSHIRE COUNTY, BY SUPPORTING THE BERKSHIRE ARTS AND TECHNOLOGY CHARTER PUBLIC SCHOOL, AND SUCH OTHER CHARTER SCHOOLS AND EDUCATION INSTITUTIONS FOSTERING ARTS AND TECHNOLOGY BASED EDUCATION, BY COLLECTING, MAINTAINING, AND DISTRIBUTING REAL PROPERTY AND MONEY.

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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 $37,850

Program Service Revenue $0

Investment Income $1,009

Other Revenue $40,051

TOTAL REVENUE $78,910

Expense Breakdown

Grants Paid $58,105

Salaries & Benefits $0

Fundraising Expenses $4,721

Program Expenses $148,814

Other Expenses $99,035

TOTAL EXPENSES $157,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,910	$140,436	-0.4%
Expenses	$157,140	$186,367	-0.2%
Net Income	$-78,230	$-45,931	+0.7%

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

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
CHARLES SWABEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES STEVENSON	TREASURER	1.00	Officer Director	$0	$0	$0
MICAH SINGER	CLERK	1.00	Officer Director	$0	$0	$0
PAMELA J JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MULHOLLAND	TRUSTEE	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	$78,910	$157,140	$2,365,252	$-78,230
2024	$140,436	$186,367	$2,483,533	$-45,931
2023	$168,270	$245,255	$2,568,764	$-76,985
2022	$153,058	$147,889	$2,685,800	$5,169
2021	$77,617	$50,233	$342,604	$27,384
2020	$50,555	$84,468	$2,792,844	$-33,913
2019	$95,602	$128,937	$2,815,252	$-33,335
2018	$125,209	$121,192	$2,850,158	$4,017

THE BART FOUNDATION INC