510 FOUNDATION (EIN 455352900) - 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

2012

Legal Domicile

Principal Officer

ERIC JANS

Phone

6152501140

Tax Period

2024-01-01 to 2024-12-31

510 FOUNDATION, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE CORPORATION IS ORGANIZED FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO FUND PROGRAMS IN SUPPORT OF LOCAL MINISTRIES OF NASHVILLE FIRST CHURCH OF THE NAZARENE AND OTHER EXEMPT ORGANIZATIONS THAT BENEFIT COMMUNITIES IN MIDDLE TENNESSEE.

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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 $1,031,975

Program Service Revenue $0

Investment Income $28,524

Other Revenue $0

TOTAL REVENUE $1,060,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $79,679

Program Expenses $1,035,431

Other Expenses $1,258,517

TOTAL EXPENSES $1,258,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,060,499	$1,151,250	-0.1%
Expenses	$1,258,517	$920,632	+0.4%
Net Income	$-198,018	$230,618	-1.9%

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
ERIC JANS	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK CLEMENS	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
KEVIN ULMET	BOARD MEMBER	0.25	Director	$0	$0	$0
DOUG XANDERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLES SEAMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID LEE	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY STREIT	BOARD MEMBER	0.25	Director	$0	$0	$0
TYLER MURRAY	BOARD MEMBER	0.25	Director	$0	$0	$0
VALERIE SICKELS	BOARD MEMBER	0.25	Director	$0	$0	$0
GERALD QUICK	BOARD MEMBER	0.25	Director	$0	$0	$0
JESSICA KARUCHIT	CHIEF OPERAT	2.00	Officer Director	$0	$0	$0
TERRI SNYDER	TREASURER	2.00	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	$1,060,499	$1,258,517	$1,434,450	$-198,018
2023	$1,151,250	$920,632	$1,468,524	$230,618
2022	$484,698	$678,374	$1,263,826	$-193,676
2021	$809,039	$524,822	$1,439,874	$284,217
2020	$269,071	$322,325	$1,243,067	$-53,254
2019	$579,161	$375,561	$1,187,196	$203,600
2018	$560,951	$517,582	$988,794	$43,369

510 FOUNDATION