THE BOUNDLESS FOUNDATION INC (EIN 311033368) - 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

1980

Legal Domicile

Principal Officer

Patrick Maynard PHD

Phone

6148443800

Tax Period

2023-01-01 to 2023-12-31

THE BOUNDLESS FOUNDATION INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

BUILDING A WORLD THAT REALIZES THE BOUNDLESS POTENTIAL OF ALL PEOPLE.

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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 $233,753

Program Service Revenue $1,228,865

Investment Income $332,406

Other Revenue $0

TOTAL REVENUE $1,795,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,492

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,186,117

TOTAL EXPENSES $2,519,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,795,024	$3,621,839	-0.5%
Expenses	$2,519,609	$3,177,793	-0.2%
Net Income	$-724,585	$444,046	-2.6%

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

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

$513,107

Total Directors

Key Employees

$982,662

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Maynard	President & CEO	9.17	Officer	$0	$61,869	$513,107
Cynthia Ripsin	Medical Director	9.17	Highest	$0	$20,969	$332,870
Trent Stechschulte	Chief Legal Officer & Gen Coun	9.17	Key Emp	$0	$12,318	$265,189
Ronald J Davy	CFO	9.17	Key Emp	$0	$14,690	$261,189
Christopher Wolf	COO	9.17	Key Emp	$0	$14,858	$254,363
Richard Neighbarger	VP, Analytics & Technology	9.17	Highest	$0	$11,891	$207,166
Jennifer Riha	VP, Program Services	9.17	Key Emp	$0	$10,705	$201,921
Jodi Bopp	VP, Advancement & Communicatio	9.17	Highest	$0	$13,921	$175,586
Nathan Henninger	Dir of Behavioral & Education	9.17	Highest	$0	$7,204	$158,257
Melanie Huffman	VP, People & Culture	9.17	Highest	$0	$1,409	$146,649
Bill Forquer	Board Member	0.46	Director	$0	$0	$0
Mary Ann Krauss	Chair	0.46	Officer Director	$0	$0	$0
Sue Ralph	Vice Chair	0.46	Officer Director	$0	$0	$0
John Burtch	Board Member	0.23	Director	$0	$0	$0
David Clark	Treasurer	0.46	Officer Director	$0	$0	$0
Robert Hays	Board Member	0.23	Director	$0	$0	$0
Mary Lynn Hohman	Board Member	0.23	Director	$0	$0	$0
Matt Kaufman	Board Member	0.23	Director	$0	$0	$0
Megan King	Board Member	0.23	Director	$0	$0	$0
Jameson Lett	Board Member	0.23	Director	$0	$0	$0
Antoinette Miranda	Board Member	0.23	Director	$0	$0	$0
Adrian Moore	Board Member	0.23	Director	$0	$0	$0
Beth Ann Patton	Board Member	0.23	Director	$0	$0	$0
Kelly Perlman	Board Member	0.23	Director	$0	$0	$0
Mrunal Shah	Board Member	0.23	Director	$0	$0	$0
Loribeth Steiner	Secretary	0.23	Officer Director	$0	$0	$0
Gwen Weihe	Board Member	0.23	Director	$0	$0	$0
Michael Denlinger	Board Member	0.23	Director	$0	$0	$0
Brendan O'Reilly	Board Member	0.23	Director	$0	$0	$0
Tezlyn Reardon	Board Member	0.23	Director	$0	$0	$0
Dawn Hays	Board Member	0.23	Director	$0	$0	$0
Fred Watkins	Board Member	0.23	Director	$0	$0	$0
Jeffrey Minnick	Board Member	0.23	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	$1,795,024	$2,519,609	$17,533,761	$-724,585
2022	$3,621,839	$3,177,793	$17,986,595	$444,046
2021	$2,170,494	$1,952,004	$17,697,436	$218,490
2020	$1,339,724	$1,315,419	$16,607,760	$24,305
2019	$932,883	$1,152,836	$14,608,134	$-219,953
2018	$6,392,265	$6,780,203	$14,583,647	$-387,938

THE BOUNDLESS FOUNDATION INC