The Amazing X Charitable Trust (EIN 382234075) - 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

1978

Legal Domicile

Phone

2319245350

Tax Period

2023-01-01 to 2023-12-31

The Amazing X Charitable Trust, founded in 1978, is a small nonprofit that reported $243K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $311K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO SUPPORT, BENEFIT AND PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSE OF FREMONT AREA COMMUNITY FOUNDATION THROUGH GRANTS WHICH BENEFIT DIFFERENTLY ABLED PERSONS AS WELL AS GENERAL CHARITABLE PURPOSES IN NEWAYGO COUNTY AND THE SURROUNDING AREA.

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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 $250

Program Service Revenue $0

Investment Income $243,222

Other Revenue $0

TOTAL REVENUE $243,472

Expense Breakdown

Grants Paid $243,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,300

Other Expenses $67,213

TOTAL EXPENSES $310,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,472	$314,562	-0.2%
Expenses	$310,513	$302,012	+0.0%
Net Income	$-67,041	$12,550	-6.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	PART-YEAR TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	PART-YEAR TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	PART-YEAR TRUSTEE	1.0	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	$243,472	$310,513	$6,307,870	$-67,041
2022	$314,562	$302,012	$5,757,299	$12,550
2021	$492,791	$291,869	$7,029,440	$200,922
2020	$125,569	$289,250	$6,328,990	$-163,681
2019	$188,182	$290,009	$5,973,543	$-101,827
2018	$362,823	$288,586	$5,286,731	$74,237

The Amazing X Charitable Trust