CORDES FOUNDATION (EIN 251926063) - 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

RONALD CORDES

Phone

8554822946

Tax Period

2023-01-01 to 2023-12-31

CORDES FOUNDATION, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $546K exceeded revenue, resulting in a 485% operating deficit.

Mission

PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS.

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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 $93,296

Other Revenue $0

TOTAL REVENUE $93,296

Expense Breakdown

Grants Paid $407,993

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $407,993

Other Expenses $138,113

TOTAL EXPENSES $546,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,296	$135,533	-0.3%
Expenses	$546,106	$278,536	+1.0%
Net Income	$-452,810	$-143,003	+2.2%

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

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

$202,670

Total Directors

$585,768

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM FREUNDLICH	DIRECTOR	1.00	Director	$0	$32,587	$383,098
REBECCA GELB	SECRETARY & TREASURER (INCOMING 2023)	1.00	Officer Director	$0	$17,356	$202,670
RONALD CORDES	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTY CORDES	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC STEPHENSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
STEPH STEPHENSON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ARCHEL BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
BETH STELLUTO DUNIER	DIRECTOR	1.00	Director	$0	$0	$0
REHANA NATHOO	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
2024	No data	No data	No data	No data
2023	$93,296	$546,106	$9,150,480	$-452,810
2022	$135,533	$278,536	$8,922,384	$-143,003
2021	$582,628	$437,844	$10,788,149	$144,784
2020	$-104,959	$345,522	$10,558,656	$-450,481
2019	$178,044	$393,849	$10,132,410	$-215,805
2018	$215,234	$644,971	$9,699,800	$-429,737

CORDES FOUNDATION