PROCESSING FOUNDATION INC (EIN 460830259) - 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

DANIEL SHIFFMAN

Phone

9173747063

Tax Period

2023-01-01 to 2023-12-31

PROCESSING FOUNDATION INC, founded in 2012, is a small nonprofit in the Education sector that reported $513K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 140% operating deficit.

Mission

The Organizations mission is to promote software literacy within the visual arts, and visual literacy within technology-related fields - and to make these fields accessible to diverse communities.

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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 $434,113

Program Service Revenue $0

Investment Income $60,487

Other Revenue $18,388

TOTAL REVENUE $512,988

Expense Breakdown

Grants Paid $2,008

Salaries & Benefits $429,923

Fundraising Expenses $122,853

Program Expenses $859,317

Other Expenses $798,638

TOTAL EXPENSES $1,230,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$512,988	$750,833	-0.3%
Expenses	$1,230,569	$646,888	+0.9%
Net Income	$-717,581	$103,945	-7.9%

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

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

$102,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dorothy Santos	Executive Director (resigned 6/30/2023)	40.00	Officer	$56,164	$0	$56,164
Saber Khan	Executive Director (started 7/3/2023)	10.00	Officer	$46,654	$0	$46,654
Ben Fry	President ( 1/1/2023-4/24/2023)	10.00	Officer Director	$0	$0	$0
Kate Hollenbach	President (started 5/4/2023)	10.00	Officer Director	$0	$0	$0
Casey Reas	Secretary (resigned 8/30/2023)	10.00	Officer Director	$0	$0	$0
Shana White	Secretary (started 11/15/2023)	10.00	Officer Director	$0	$0	$0
Daniel Shiffman	Treasurer (resigned 9/1/2023)	10.00	Officer Director	$0	$0	$0
Dorothy Santos	Treasurer (started 11/15/2023)	10.00	Officer Director	$0	$0	$0
Xin Xin	Board Member (resigned 9/8/2023)	10.00	Director	$0	$0	$0
Wes Taylor	Board Member	10.00	Director	$0	$0	$0
Amelia Winger-Bearskin	Board Member	10.00	Director	$0	$0	$0
AX Mina	Board Member	10.00	Director	$0	$0	$0
Marthura M Govindarajan	Board Member	10.00	Director	$0	$0	$0
Cassie Takajian	Board Member	10.00	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	No data	No data	No data	No data
2023	$512,988	$1,230,569	$10,370,284	$-717,581
2022	$777,054	$680,883	$10,742,562	$96,171
2022	$750,833	$646,888	$10,719,722	$103,945
2021	$10,889,998	$429,618	$10,616,752	$10,460,380
2021	$10,911,366	$443,020	$10,642,218	$10,468,346
2020	$273,520	$181,843	$156,372	$91,677

PROCESSING FOUNDATION INC