MIND SPRINGS 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

2020

Legal Domicile

Principal Officer

JOHN M SHEEHAN

Phone

9702416023

Tax Period

2021-07-01 to 2022-06-30

MIND SPRINGS FOUNDATION INC, founded in 2020, is a small nonprofit in the Mental Health sector that reported $381K in total revenue in fiscal year 2021. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 31% operating margin.

Mission

WE CONNECT PHILANTHROPIC PASSION WITH EXCEPTIONAL PROGRAMS TO SUPPORT A MENTALLY HEALTHY AND VIBRANT WESTERN SLOPE.

Program Service Accomplishments

Program 1

Expenses: $261,068

MIND SPRINGS FOUNDATION'S LARGEST PROGRAM SERVICE IS TO ENCOURAGE PHILANTHROPIC GIVING TO SUPPORT THE ENDEAVORS OF MIND SPRINGS HEALTH AND WEST SPRINGS HOSPITAL.

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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 (2021)

Revenue Breakdown

Contributions & Grants $380,794

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $380,850

Expense Breakdown

Grants Paid $237,997

Salaries & Benefits $0

Fundraising Expenses $1,633

Program Expenses $261,068

Other Expenses $24,704

TOTAL EXPENSES $262,701

Year-over-Year Comparison

	2021	2020	Change
Revenue	$380,850	$274,411	+0.4%
Expenses	$262,701	$171,867	+0.5%
Net Income	$118,149	$102,544	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ANUSZEWSKI	MEMBER	1.00	Director	$0	$0	$0
ANDY BACON	MEMBER	1.00	Director	$0	$0	$0
GLEN JAMMARON	CHAIR OF THE BOARD	1.00	Director	$0	$0	$0
PAT TUCKER	MEMBER	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
2022	$380,850	$262,701	$723,787	$118,149
2021	$274,411	$171,867	$576,565	$102,544