The Parris Foundation (EIN 264041884) - 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

2008

Legal Domicile

Principal Officer

Katherine Bacon

Phone

8326478234

Tax Period

2023-09-01 to 2024-08-31

The Parris Foundation, founded in 2008, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

To provide free counseling, education, and wellness to underserved communities.

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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 $1,670,808

Program Service Revenue $9,219

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,680,027

Expense Breakdown

Grants Paid $2,200

Salaries & Benefits $1,095,397

Fundraising Expenses $0

Program Expenses $1,566,997

Other Expenses $559,068

TOTAL EXPENSES $1,656,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,680,027	$1,631,209	+0.0%
Expenses	$1,656,665	$1,607,095	+0.0%
Net Income	$23,362	$24,114	0.0%

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

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

$77,033

Total Directors

$77,033

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Bacon	Chair/Executive Director	40.00	Officer Director	$0	$0	$0
Alfred Bacon	Vice-Chair/Vice President	60.00	Officer Director	$77,033	$0	$77,033
Angela Hartmann	Secretary	3.00	Officer Director	$0	$0	$0
Ty Johnson	Treasurer	2.00	Officer Director	$0	$0	$0
Victor Cortez	Director	1.00	Director	$0	$0	$0
Tanya Tlynn Harrison	Director	1.00	Director	$0	$0	$0
Milton Smith	Director	1.00	Director	$0	$0	$0
Kenneth Williams	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	$1,680,027	$1,656,665	$310,246	$23,362
2023	$1,631,209	$1,607,095	$391,948	$24,114
2022	$1,165,222	$1,167,423	$157,165	$-2,201
2021	$1,047,359	$900,136	$108,597	$147,223
2020	$950,422	$1,025,803	$128,924	$-75,381
2019	$955,212	$970,167	$70,583	$-14,955

The Parris Foundation