BERRY FOUNDATION (EIN 431830400) - 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

1973

Legal Domicile

Principal Officer

Michael Hays

Phone

9134289940

Tax Period

2022-07-01 to 2023-06-30

BERRY FOUNDATION, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $77.7M in total revenue in fiscal year 2022. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62.8M, a strong 81% operating margin.

Mission

The organization operates exclusively for religious, charitable, scientific, literary and educational purposes, by engaging directly in support of these purposes, and/or by making distributions to other nonprofit organizations in accordance with Internal Revenue Service rules and regulations.

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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 $19,769,721

Investment Income $57,372,360

Other Revenue $559,517

TOTAL REVENUE $77,701,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,757,631

Fundraising Expenses $0

Program Expenses $9,536,777

Other Expenses $9,193,660

TOTAL EXPENSES $14,951,291

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,701,598	$36,674,128	+1.1%
Expenses	$14,951,291	$20,106,437	-0.3%
Net Income	$62,750,307	$16,567,691	+2.8%

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

105

Volunteers

N/A

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

$744,082

Total Directors

$276,965

Key Employees

$1,960,213

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Anderson	President/CEO	40	Officer Key Emp	$411,614	$31,411	$443,025
Michael Hays	Director/Chief Strategy Officer	40	Director Key Emp	$251,692	$25,273	$276,965
Janet Turner	VP - Marketing	40	Key Emp	$251,525	$13,799	$265,324
Kenneth Owen	VP - Workforce Training Solutions	40	Key Emp	$237,011	$23,659	$260,670
James Krause	VP - Information Technology	40	Key Emp	$221,928	$9,608	$231,536
Paula Fields	Treasurer/VP - Finance	40	Officer Key Emp	$188,806	$13,062	$201,868
Chris Lamberto	Director of Marketing	40	Highest	$162,746	$11,938	$174,684
Theresa Singer	VP - Training and Resource Dev	40	Key Emp	$142,753	$5,708	$148,461
Kris Kolander	Sr. Training Consultant	40	Highest	$130,518	$14,146	$144,664
Roslyn Eastham	Senior Training Consultant	40	Highest	$124,288	$9,005	$133,293
Lloyd Kirk	Sales Manager	40	Highest	$118,895	$14,112	$133,007
Jennifer Williamson	Senor Account Manager	40	Key Emp	$123,349	$9,015	$132,364
Kathy Grier	Asst. Secretary/HR Manager	40	Officer	$87,743	$11,446	$99,189
Eugene Ruiz	Director	1	Director	$0	$0	$0
Jeffrey Ayers	Director	1	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$77,701,598	$14,951,291	$88,992,086	$62,750,307
2022	$36,674,128	$20,106,437	$42,955,710	$16,567,691
2021	$32,670,383	$21,376,787	$40,300,211	$11,293,596
2020	$63,559,492	$69,086,935	$35,786,282	$-5,527,443
2020	$63,559,492	$69,086,935	$35,786,282	$-5,527,443
2019	$71,032,495	$76,036,760	$42,608,581	$-5,004,265
2019	$71,032,495	$76,036,760	$42,608,581	$-5,004,265
2018	$71,526,103	$71,785,601	$46,560,081	$-259,498

BERRY FOUNDATION