The CORE Foundation (EIN 363991833) - 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

1994

Legal Domicile

Principal Officer

Patricia S O'Neil

Phone

3129425647

Tax Period

2022-07-01 to 2023-06-30

The CORE Foundation, founded in 1994, is a micro nonprofit that reported $58K in total revenue in fiscal year 2022. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $10.7M exceeded revenue, resulting in a 18370% operating deficit.

Mission

To promote and support the work of an outpatient facility.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,088

Investment Income $43,965

Other Revenue $11,693

TOTAL REVENUE $57,746

Expense Breakdown

Grants Paid $24,982

Salaries & Benefits $82,453

Fundraising Expenses $0

Program Expenses $10,634,284

Other Expenses $10,558,267

TOTAL EXPENSES $10,665,702

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,746	$391,940	-0.9%
Expenses	$10,665,702	$1,674,305	+5.4%
Net Income	$-10,607,956	$-1,282,365	+7.3%

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

$68,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
See Schedule O for	Board of Directors	1.00	Director	$0	$0	$0
Esther Joo	Executive Director	40.00	Officer	$68,430	$0	$68,430

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
2023	$57,746	$10,665,702	No data	$-10,607,956
2022	$391,940	$1,674,305	$10,986,019	$-1,282,365
2021	$-7,186,343	$2,843,547	$13,733,031	$-10,029,890
2020	$3,148,157	$1,792,821	$23,338,169	$1,355,336
2019	$1,557,667	$1,810,307	$21,559,837	$-252,640
2018	$2,448,565	$1,977,085	$21,405,083	$471,480

The CORE Foundation