ABLE FOUNDATION INC (EIN 411751499) - 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

1993

Legal Domicile

Principal Officer

DEANNA DORSCH

Phone

5078958111

Tax Period

2023-01-01 to 2023-12-31

ABLE FOUNDATION INC, founded in 1993, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $94K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $697K exceeded revenue, resulting in a 645% operating deficit.

Mission

FURNISH FINANCIAL SUPPORT FOR ABLE, INC., A RESIDENTIAL CARE PROVIDER FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AND RELATED BRAIN INJURIES IN HOUSTON COUNTY, MN.

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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 $23,000

Program Service Revenue $0

Investment Income $54,642

Other Revenue $15,904

TOTAL REVENUE $93,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,459

Program Expenses $690,212

Other Expenses $697,251

TOTAL EXPENSES $697,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,546	$81,298	+0.2%
Expenses	$697,251	$39,966	+16.4%
Net Income	$-603,705	$41,332	-15.6%

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
ANNETTE VAN GUNDY	DIRECTOR	N/A	Director	$0	$0	$0
PETER CONGDON	PRESIDENT	002.00	Officer	$0	$0	$0
DEANNA DORSCH	VICE PRESIDENT	002.00	Officer	$0	$0	$0
SUE WEBB	SECRETARY/TREASURER	002.00	Officer	$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
2023	$93,546	$697,251	$325,941	$-603,705
2022	$81,298	$39,966	$1,000,783	$41,332
2021	$96,839	$55,888	$1,056,854	$40,951
2020	$100,901	$81,147	$964,716	$19,754

ABLE FOUNDATION INC