Tropics Foundation Inc

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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

1999

Legal Domicile

Principal Officer

Carlos Araya Quintero

Phone

6787704970

Tax Period

2024-01-01 to 2024-12-31

Tropics Foundation Inc, founded in 1999, is a small nonprofit in the International Affairs sector that reported $224K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

EXPAND THE CHARITABLE SCIENTIFIC AND EDUCATIONAL FUNCTION OF CATIE CENTER FOR TROPICAL AGRICULTRUAL EDUCATION AND RESEARCH A NONPROFIT ORGANIZATION HEADQUARTERED IN COSTA RICA WITH OFFICES IN MUCH OF LATIN AMERICA. THIS WILL BE ACHIEVED BY THE FOLLOWING THREE ACTIVITIES: 1 SPONSORING SCIENTIFIC AND EDUCATIONAL PROGRAMS; 2 FUNDING RESEARCH STUDY AND PUBLICATION IN SCIENTIFIC AREAS RELEVENT TO THE FOUNDATIONS MISSION AND; 3 WORKING WITH NON-PROFIT ENVIRONMENTAL AND ECOLOGICAL ORGANIZATIONS WITHIN THE UNITED STATES AND ABROAD. ALL THREE ACTIVIIES WILL SERVE THE FUNCTION OF EDUCATING AND INFORMING ORGANIZATIONS ABOUT THE IMPORTANCE OF PRESERVING THE AMERICAN TROPICS.

Program Service Accomplishments

Program 1

Expenses: $221,020 Revenue: $0

EACH YEAR WE CONDUCT A MAJOR DONOR FUNDRAISING CAMPAIGN WHICH GOES TO THE GENERAL BUDGET OF CATIE. CONTRIBTONS FROM THE WALLACE GENETICS FOUNDATION $25,000 AND SOUTHWEST AIRLINES $198,750 GO MAINLY TO CATIE TO DEFRAY GENERAL EXPENSES. THIS YEAR WE ALSO MADE A CONTRIBUTION TO WEARSOS IN COSTA RICA.

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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 $223,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $223,750

Expense Breakdown

Grants Paid $221,020

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,020

Other Expenses $4,685

TOTAL EXPENSES $225,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,750	$264,923	-0.2%
Expenses	$225,705	$350,050	-0.4%
Net Income	$-1,955	$-85,127	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SCANDURRA	DIRECTOR	5.00	Director	$0	$0	$0
TED GROVER	DIRECTOR	1.00	Director	$0	$0	$0
GREG OUSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COTRELL	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN TERHAAR	DIRECTOR	1.00	Director	$0	$0	$0
Luis Pocasangre	DIRECTOR	1.00	Director	$0	$0	$0
RICK PEYSER	DIRECTOR	1.00	Director	$0	$0	$0
TOM MILLER	Director	5.00	Officer	$0	$0	$0
MICHAEL STIMPERT	SECRETARY AND TREASURER	5.00	Officer	$0	$0	$0
Ruth Maloney	Director	1.00	Director	$0	$0	$0
Carlos Araya	President	5.00	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
2025	No data	No data	No data	No data
2024	$223,750	$225,705	$46,921	$-1,955
2023	$264,923	$350,050	$48,876	$-85,127
2022	$200,865	$278,300	$134,003	$-77,435
2021	$407,334	$405,114	$222,438	$2,220