CORPORATE TAX FOUNDATION (EIN 274544039) - 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

2010

Legal Domicile

Principal Officer

DAN WAAGE

Phone

6022744866

Tax Period

2023-07-01 to 2024-06-30

CORPORATE TAX FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $482K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $184K, a strong 38% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND GRANTS FOR PRIVATE SCHOOL TUITION TO STUDENTS (CON. ON SCH O)ATTENDING ONE OF THE SCHOOLS THAT IS A MEMBER OF THE FOUNDATION FOR CORPORATE TAX CREDIT.

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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 $381,250

Program Service Revenue $0

Investment Income $100,948

Other Revenue $0

TOTAL REVENUE $482,198

Expense Breakdown

Grants Paid $283,585

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,585

Other Expenses $14,567

TOTAL EXPENSES $298,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,198	$853,648	-0.4%
Expenses	$298,152	$347,841	-0.1%
Net Income	$184,046	$505,807	-0.6%

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

N/A

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

$533,290

Total Directors

$632,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WAAGE	PRESIDENT	3.00	Officer Director	$0	$23,416	$140,519
ANDREW KLEMMER	SECRETARY/TREASURER	3.00	Officer Director	$0	$28,625	$190,763
BEN SULLIVAN	VICE PRESIDENT	3.00	Officer Director	$0	$28,454	$202,008
TAYLOR NELSON	DIRECTOR	3.00	Director	$0	$12,064	$99,123

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	$482,198	$298,152	$5,997,204	$184,046
2023	$853,648	$347,841	$6,096,014	$505,807
2022	$1,214,137	$1,197,433	$5,866,494	$16,704
2021	$1,723,648	$940,037	$5,382,975	$783,611
2020	$1,377,386	$1,123,395	$4,403,445	$253,991
2019	$841,988	$817,046	$3,747,104	$24,942
2018	$711,647	$676,064	$3,448,414	$35,583

CORPORATE TAX FOUNDATION