DEL SOLE FOUNDATION (EIN 203917342) - 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

BARRETT WISSMAN

Phone

2146499153

Tax Period

2024-01-01 to 2024-12-31

DEL SOLE FOUNDATION, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROMOTE EDUCATION IN THE ARTS AND THE BUILDING OF FUTURE AUDIENCES FOR THE ARTS WITH FINANCIAL AND OTHER ASSISTANCE TO ARTS FESTIVALS AND EXHIBITIONS, TO FILM, THEATER AND DANCE PROJECTS, BY PROVIDING PERFORMANCE OPPORTUNITIES FOR GIFTED YOUNG ARTISTS, AND GIVING ASSISTANCE TO ARTISTS IN MAKING RECORDINGS AND OTHER CAREER SUPPORT. THESE OPPORTUNITIES HAVE INCLUDED TWO ACTIVITIES IN THE PAST 1.) THE FESTIVAL OF THE DESERT IN PALM SPRINGS, CALIFORNIA AND 2.) SUPPORTING IMPROVEMENTS AT THE LINCOLN THEATER IN YOUNTVILLE, CALIFORNIA.

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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 $46,756

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,154

Other Expenses $77,154

TOTAL EXPENSES $77,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,756	$439,500	-0.9%
Expenses	$77,154	$408,687	-0.8%
Net Income	$-30,398	$30,813	-2.0%

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

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
BARRETT N WISSMAN	DIRECTOR	3.00	Director	$0	$0	$0
DAVID MARCUS	DIRECTOR	0.10	Director	$0	$0	$0
ANGEL ROMERO	DIRECTOR	0.10	Director	$0	$0	$0
CANDACE BAWCOMBE	PROJECTS MANAGER	1.00	Officer	$0	$0	$0
DON FRANZEN	SECRETARY	0.10	Officer	$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	$46,756	$77,154	$741,181	$-30,398
2023	$439,500	$408,687	$771,579	$30,813
2022	No data	No data	$740,766	No data
2021	No data	$2,145	$740,766	No data
2020	No data	$2,015	$742,911	No data
2019	$25,000	$20,003	$744,926	$4,997
2018	$48,000	$103,096	$739,929	$-55,096

DEL SOLE FOUNDATION