SUNSHINE 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

1985

Legal Domicile

Principal Officer

ROBERT DEARDURFF

Phone

4198650251

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE FOUNDATION INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Net assets of $22.4M represent 169 months of operating reserves.

Mission

SUNSHINE FOUNDATION, INC. SHARES SUNSHINE INC. RESIDENTIAL & SUPPORT SERVICES' VALUES, SOLICITS DONATIONS SUPPORTING THEIR MISSION, AND SERVES AS TRUSTED STEWARDS FOR THE FOUNDATION'S INVESTMENTS.

Program Service Accomplishments

Program 1

Expenses: $1,110,500 Revenue: $532,701

SUNSHINE FOUNDATION, INC. RAISES FUNDS TO SUPPORT SUNSHINE INC. RESIDENTIAL AND SUPPORT SERVICES. IN 2023, DONATIONS SUPPORTED THE INDIVIDUALS AT SUNSHINE WITH CLOTHING, DENTAL CARE, ADAPTIVE...

SUNSHINE FOUNDATION, INC. RAISES FUNDS TO SUPPORT SUNSHINE INC. RESIDENTIAL AND SUPPORT SERVICES. IN 2023, DONATIONS SUPPORTED THE INDIVIDUALS AT SUNSHINE WITH CLOTHING, DENTAL CARE, ADAPTIVE EQUIPMENT, FURNITURE, ACCESSIBLE VEHICLES, COMMUNICATION DEVICES, HOLIDAY GIFTS, INFRASTRUCTURE IMPROVEMENTS TO SUNSHINE'S COMMUNITY HOMES AND MAIN CAMPUS RESIDENTIAL LIVING SPACES, AND THE INSTALLATION OF A NEW HVAC SYSTEM. THE MAJORITY OF ACTIVITY IN 2023 FOR THE FOUNDATION WAS INFRASTRUCTURE IMPROVEMENTS AND RENOVATIONS TO RESIDENTAL LIVING SPACES, SUCH AS KITCHEN UPDATES (CABINETRY, APPLIANCES), PAINTING, FLOORING, ETC. AND TO THE HVAC SYSTEM. CONTINUED ON SCHEDULE O.WITH THE VOLUNTEER HELP OF BOARD MEMBERS, FORMER BOARD MEMBERS AND COMMUNITY LEADERS, SUNSHINE INITIATED A SUCCESSFUL MAJOR GIFTS CAMPAIGN THAT RAISED OVER $1,000,000.

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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 $1,058,677

Program Service Revenue $0

Investment Income $530,442

Other Revenue $2,259

TOTAL REVENUE $1,591,378

Expense Breakdown

Grants Paid $1,110,500

Salaries & Benefits $0

Fundraising Expenses $286,267

Program Expenses $1,110,500

Other Expenses $532,306

TOTAL EXPENSES $1,643,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,591,378	$1,068,646	+0.5%
Expenses	$1,643,806	$494,345	+2.3%
Net Income	$-52,428	$574,301	-1.1%

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

N/A

Volunteers

2023

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
ROBERT DEARDURFF	CHAIR	0.24	Officer Director	$0	$0	$0
KAREN KERR	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ANDREW SCHAETZKE	TREASURER	0.21	Officer Director	$0	$0	$0
DENISE HASBROOK	SECRETARY	0.10	Officer Director	$0	$0	$0
LUTHER GAUTSCHE	DIRECTOR	0.24	Director	$0	$0	$0
ROBIN LAIRD	DIRECTOR	0.13	Director	$0	$0	$0
SHEILA SCHWARTZ	DIRECTOR	0.08	Director	$0	$0	$0
MICHAEL BEAZLEY	DIRECTOR THRU JULY 2023	0.04	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	$1,591,378	$1,643,806	$24,348,010	$-52,428
2022	$1,068,646	$494,345	$21,956,794	$574,301
2021	$2,351,407	$836,462	$23,721,411	$1,514,945
2020	$13,826,310	$808,222	$21,447,572	$13,018,088
2019	$2,148,905	$1,398,558	$8,037,208	$750,347
2018	$1,222,708	$1,710,289	$6,800,260	$-487,581