SCIENCE OF MIND FOUNDATION INC (EIN 270231514) - 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

MICHAEL SCHLUT

Phone

7202791629

Tax Period

2024-01-01 to 2024-12-31

SCIENCE OF MIND FOUNDATION INC, founded in 2009, is a small nonprofit in the Religion sector that reported $416K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 35% operating margin.

Mission

TO PROMOTE THE PRINCIPLES AND PHILOSOPHY OF SCIENCE OF MIND.

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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 $193,034

Program Service Revenue $22,998

Investment Income $199,485

Other Revenue $0

TOTAL REVENUE $415,517

Expense Breakdown

Grants Paid $15,750

Salaries & Benefits $115,856

Fundraising Expenses $53,741

Program Expenses $63,285

Other Expenses $138,416

TOTAL EXPENSES $270,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$415,517	$340,058	+0.2%
Expenses	$270,022	$325,635	-0.2%
Net Income	$145,495	$14,423	+9.1%

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

$82,321

Total Directors

$115,386

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SCHLUT	DIR. OF PHIL	20.00	Officer	$43,500	$2,571	$82,321
DR WALTER DREW	PRESIDENT	6.00	Officer Director	$0	$0	$0
NANCY LOSHKAJIAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLIE GOLDSMITH	TREASURER	1.00	Officer Director	$0	$0	$0
REVEREND ELIZABETH MIRANTE	SECRETARY	1.00	Officer Director	$0	$0	$0
DR TRACY BROWN RSCP	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA ELLIAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
REVEREND MICHELLE ARELLANO	DIRECTOR	20.00	Director	$0	$0	$115,386
REVEREND SUNSHINE DAYE	DIRECTOR	1.00	Director	$0	$0	$0
TONY DIAZ	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	$415,517	$270,022	$6,288,442	$145,495
2023	$340,058	$325,635	$6,289,102	$14,423
2022	$346,792	$395,128	$5,954,476	$-48,336
2021	$658,764	$324,969	$8,038,241	$333,795
2020	$659,717	$397,517	$5,580,939	$262,200
2019	$544,441	$397,144	$4,564,164	$147,297
2018	$672,905	$560,492	$3,865,761	$112,413

SCIENCE OF MIND FOUNDATION INC