FOUNDATION THINKAGAIN (EIN 421738429) - 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

2007

Legal Domicile

Principal Officer

PATRICIA M KERRIGAN PHD

Phone

3108245696

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION THINKAGAIN, founded in 2007, is a small nonprofit in the Mental Health sector that reported $147K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDE REHABILITATION THERAPIES TO CHILDREN SEVERELY AFFECTED BY CANCER AND BRAIN TUMORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $118,327

Program Service Revenue $0

Investment Income $27,619

Other Revenue $790

TOTAL REVENUE $146,736

Expense Breakdown

Grants Paid $325

Salaries & Benefits $111,260

Fundraising Expenses $0

Program Expenses $214,876

Other Expenses $134,428

TOTAL EXPENSES $246,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,736	$205,747	-0.3%
Expenses	$246,013	$297,919	-0.2%
Net Income	$-99,277	$-92,172	+0.1%

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

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

$109,641

Total Directors

$109,641

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA M KERRIGAN PHD	PRESIDENT/EXEC. DIRECTOR	40.00	Officer Director	$98,356	$11,285	$109,641
KELLIE RICHMOND	SECRETARY	2.00	Officer Director	$0	$0	$0
KELLI ARENSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
JILL BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
LAVETT BOWLES NP	DIRECTOR	2.00	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
2024	$146,736	$246,013	$211,821	$-99,277
2023	$205,747	$297,919	$318,945	$-92,172
2022	$106,552	$315,710	$383,754	$-209,158
2021	$236,293	$317,321	$592,912	$-81,028
2020	$169,195	$398,159	$673,940	$-228,964
2019	$1,100,137	$238,283	$902,904	$861,854

FOUNDATION THINKAGAIN