FOUNDATION PROPERTY INC (EIN 251873198) - 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

1999

Legal Domicile

Principal Officer

MOLLY KUNKEL

Phone

8142376229

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION PROPERTY INC, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 279% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 49% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO RECEIVE GIFTS FROM THE PUBLIC, AND USE THOSE GIFTS TOGETHER WITH PART OR ALL OF THE INCOME AND/OR APPRECIATION TO MAKE GRANTS TO OR IN SUPPORT OF NON-PROFIT ORGANIZATIONS WHO ARE EXEMPT FROM TAX UNDER IRC SECTION 501 (C)(3)

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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 $38,812

Program Service Revenue $1

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,451

Program Expenses $7,441

Other Expenses $19,703

TOTAL EXPENSES $19,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,813	$10,230	+2.8%
Expenses	$19,703	$19,648	+0.0%
Net Income	$19,110	$-9,418	-3.0%

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

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

$173,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOLORES TARICANI	CHAIR	0.50	Officer Director	$0	$0	$0
TOM SONGER	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
CARI GUSTOFSON	SECRETARY	0.50	Officer Director	$0	$0	$0
JOE DIONISIO	TREASURER	0.50	Director	$0	$0	$0
ELLEN KLINE	DIRECTOR	0.30	Director	$0	$0	$0
KATE BENNETT TRUITT	DIRECTOR	0.30	Director	$0	$0	$0
MOLLY KUNKEL	PRESIDENT/CEO	1.00	Officer	$0	$23,750	$173,079

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	$38,813	$19,703	$248,449	$19,110
2022	$10,230	$19,648	$268,151	$-9,418
2021	$10,228	$19,818	$287,786	$-9,590
2020	$61,371	$19,786	$307,535	$41,585
2019	$85,974	$106,144	$327,360	$-20,170
2018	$25,000	$21,944	$345,165	$3,056

FOUNDATION PROPERTY INC