CORE FOUNDATION INC (EIN 453685502) - 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

MATTHEW DAVIES

Phone

3214183050

Tax Period

2023-01-01 to 2023-12-31

CORE FOUNDATION INC, founded in 2011, is a small nonprofit in the Health Care sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $172K left a modest 7% surplus.

Mission

THE MISSION OF THE CORE FOUNDATION IS TO PROVIDE NEEDED FINANCIAL SUPPORT AND EDUCATION FOR INDIVIDUALS WITH SPINAL CORD INJURIES AND OTHER NEUROLOGICAL CONDITIONS TO PARTICIPATE IN AN ACTIVITY-BASED RECOVERY PROGRAM. THE CORE FOUNDATION FOCUSES ON TWO MAJOR AREAS: 1. GRANTING FINANCIAL SUPPORT FOR INDIVIDUALS TO PARTICIPATE IN APPROVED ACTIVITY BASED TRAINING PROGRAMS, WHICH ARE NOT COVERED BY INSURANCE. 2.FUNDING VARIOUS EDUCATIONAL AND RECREATIONAL PROGRAMS TARGETING THE PARALYSIS COMMUNITY IN AN EFFORT TO IMPROVE ACCESS TO SERVICES.

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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 $175,687

Program Service Revenue $0

Investment Income $10,312

Other Revenue $0

TOTAL REVENUE $185,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,389

Other Expenses $172,389

TOTAL EXPENSES $172,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,999	$213,315	-0.1%
Expenses	$172,389	$300,988	-0.4%
Net Income	$13,610	$-87,673	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW DAVIES	CHAIRMAN	5.00	Officer Director	$0	$0	$0
LISA GUILEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JIM SPENCER	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2023	$185,999	$172,389	$377,237	$13,610
2022	$213,315	$300,988	$364,607	$-87,673
2021	$183,716	$163,353	$349,882	$20,363
2020	$242,800	$88,664	$220,723	$154,136
2019	$38,803	$107,962	$65,651	$-69,159
2018	$132,418	$82,961	$133,873	$49,457

CORE FOUNDATION INC