BITTERSWEET FOUNDATION (EIN 461502118) - 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

KATHERINE SCHMIDGALL

Phone

2026560865

Tax Period

2025-01-01 to 2025-12-31

BITTERSWEET FOUNDATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $165K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $185K exceeded revenue, resulting in a 12% operating deficit.

Mission

BITTERSWEET FOUNDATION IS A NOT-FOR-PROFIT WHICH PUBLISHES A PRINT AND ONLINE MAGAZINE, FILMS, PODCASTS, AND OCCASIONALLY HOSTS EVENTS TO EDUCATE ON HOPE AND SOCIAL ISSUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $166,849

Program Service Revenue $0

Investment Income $58

Other Revenue $-1,613

TOTAL REVENUE $165,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,879

Other Expenses $185,494

TOTAL EXPENSES $185,494

Year-over-Year Comparison

	2025	2024	Change
Revenue	$165,294	$203,553	-0.2%
Expenses	$185,494	$153,405	+0.2%
Net Income	$-20,200	$50,148	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE SCHMIDGALL	PRESIDENT	10.00	Officer Director	$0	$0	$0
LORA BATTERSON	TREASURER	0.15	Officer Director	$0	$0	$0
ANNE GRIZZLE	DIRECTOR	0.15	Director	$0	$0	$0
BAILEY SKILES	DIRECTOR	0.15	Director	$0	$0	$0
MARK BATTERSON	DIRECTOR	0.15	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	$165,294	$185,494	$63,370	$-20,200
2024	$203,553	$153,405	$83,263	$50,148
2018	$137,657	$141,400	$11,792	$-3,743

BITTERSWEET FOUNDATION