THE PRINCIPLE FOUNDATION (EIN 430816306) - 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

1958

Legal Domicile

Principal Officer

BRUCE JEFFREY

Phone

8165615955

Tax Period

2024-01-01 to 2024-12-31

THE PRINCIPLE FOUNDATION, founded in 1958, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $733K, a strong 22% operating margin.

Mission

TO RENDER PRACTICAL SUPPORT TO FELLOW CHRISTIAN SCIENTISTS AND SUPPORT THEM IN SIMILAR BENEVOLENCE

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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 $1,528,837

Program Service Revenue $1,351,417

Investment Income $469,894

Other Revenue $790

TOTAL REVENUE $3,350,938

Expense Breakdown

Grants Paid $415,366

Salaries & Benefits $1,301,530

Fundraising Expenses $52,439

Program Expenses $2,389,677

Other Expenses $901,444

TOTAL EXPENSES $2,618,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,350,938	$2,719,487	+0.2%
Expenses	$2,618,340	$2,832,612	-0.1%
Net Income	$732,598	$-113,125	-7.5%

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

140

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

$168,013

Total Directors

$168,013

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE JEFFREY	EXECUTIVE DIRECTOR	31.00	Officer Director	$155,568	$12,445	$168,013
ANNA LISA KRONMAN	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
JOAN BERNARD BRADLEY	BOARD VICE CHAIR (RESIGNED IN 2024)	3.00	Officer Director	$0	$0	$0
GINA LINDQUIST-BAILEY	DIRECTOR/BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
ROB COLLIER	TREASURER	3.00	Officer Director	$0	$0	$0
D BRIAN BOETTIGER	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN D'EVELYN	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES LINDAHL	DIRECTOR (RESIGNED IN 2024)	3.00	Director	$0	$0	$0
BEVERLY LUTTRELL	DIRECTOR	3.00	Director	$0	$0	$0
MARSHALL MCCURTIES	DIRECTOR	3.00	Director	$0	$0	$0
SHANNON NORDLING	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE NACEWICZ RIGDON	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE O STRONG	DIRECTOR (RESIGNED IN 2024)	3.00	Director	$0	$0	$0
KEVIN MASSEY	DIRECTOR OF OPERATIONS	35.00	Highest	$105,621	$8,450	$114,071

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	$3,350,938	$2,618,340	$6,454,556	$732,598
2023	$2,719,487	$2,832,612	$6,278,601	$-113,125
2022	$2,653,917	$2,841,160	$6,109,187	$-187,243
2021	$4,237,662	$2,156,458	$5,935,699	$2,081,204
2020	$2,943,151	$2,828,234	$3,695,118	$114,917
2019	$1,977,783	$1,941,507	$3,691,894	$36,276
2018	$7,535,910	$6,476,964	$3,023,304	$1,058,946

THE PRINCIPLE FOUNDATION