MIRABELLA PORTLAND FOUNDATION INC (EIN 452508860) - 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

2011

Legal Domicile

Principal Officer

LYNN JOHNSON

Phone

8887246424

Tax Period

2023-10-01 to 2024-02-29

MIRABELLA PORTLAND FOUNDATION INC, founded in 2011, is a small nonprofit that reported $189K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 522% operating deficit.

Mission

TO ACQUIRE, HOLD AND DISTRIBUTE GIFTS TO MIRABELLA AT SOUTH WATERFRONT, AN EXEMPT ORGANIZATION.

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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 $183,963

Program Service Revenue $0

Investment Income $5,413

Other Revenue $0

TOTAL REVENUE $189,376

Expense Breakdown

Grants Paid $1,071,374

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,174,647

Other Expenses $105,780

TOTAL EXPENSES $1,177,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,376	$133,362	+0.4%
Expenses	$1,177,154	$286,588	+3.1%
Net Income	$-987,778	$-153,226	+5.4%

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

$490,579

Total Directors

$599,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON VAN EATON	VICE CHAIR	1.00	Officer Director	$0	$44,240	$345,823
RENEE CHAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$12,724	$144,756
MEGAN HUSTON	DIRECTOR	1.00	Director	$0	$13,006	$109,372
LYNN JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
STANLEY BERMAN	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
LYNN DEVRIES	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
JAMES FITZSIMMONS	RESIDENT DIRECTOR	1.00	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	$189,376	$1,177,154	No data	$-987,778
2023	$133,362	$286,588	$926,535	$-153,226
2022	$236,581	$106,593	$1,014,134	$129,988
2021	$148,411	$93,315	$1,048,261	$55,096
2020	$152,065	$72,199	$871,288	$79,866
2019	$391,636	$48,017	$742,539	$343,619

MIRABELLA PORTLAND FOUNDATION INC