EDWARD CHARLES FOUNDATION (EIN 264245043) - 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

2009

Legal Domicile

Principal Officer

KENT SETON

Phone

3105571923

Tax Period

2023-07-01 to 2024-06-30

EDWARD CHARLES FOUNDATION, founded in 2009, is a mid-sized nonprofit in the Human Services sector that reported $66.5M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.2M, a strong 21% operating margin.

Mission

FISCAL SPONSORSHIP OF CHARITABLE INITIATIVES.

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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 $66,223,177

Program Service Revenue $2,822,548

Investment Income $459,069

Other Revenue $-2,998,320

TOTAL REVENUE $66,506,474

Expense Breakdown

Grants Paid $30,606,469

Salaries & Benefits $4,515,571

Fundraising Expenses $0

Program Expenses $49,262,660

Other Expenses $17,181,107

TOTAL EXPENSES $52,303,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,506,474	$39,861,685	+0.7%
Expenses	$52,303,147	$26,012,334	+1.0%
Net Income	$14,203,327	$13,849,351	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT SETON	CEO, CFO	2.00	Officer Director	$0	$0	$0
KEVIN GRIGORENKO	CTO	1.00	Officer Director	$0	$0	$0
ANDREW ALTSULE	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2024	$66,506,474	$52,303,147	$51,692,237	$14,203,327
2023	$39,861,685	$26,012,334	$35,857,794	$13,849,351
2022	$41,333,882	$54,883,321	$22,160,900	$-13,549,439
2021	$51,576,473	$21,043,937	$37,089,595	$30,532,536
2020	$10,864,095	$9,247,976	$5,690,189	$1,616,119
2019	$13,285,448	$17,433,013	$6,676,605	$-4,147,565
2018	$13,927,442	$8,734,203	$8,584,362	$5,193,239
2018	$14,899,048	$10,434,736	$8,176,505	$4,464,312

EDWARD CHARLES FOUNDATION