THE KRENOV FOUNDATION

EIN: 463781612 501(c)(3) Arts, Culture & Humanities

Fort Bragg, CA

Total Revenue
$62,712
Total Expenses
$67,301
Total Assets
$168,318
Net Assets
$150,318
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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
2014
Legal Domicile
CA
Principal Officer
BRUCE HART
Phone
2533074234
Tax Period
2023-01-01 to 2023-12-31

THE KRENOV FOUNDATION, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $63K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $150K represent 29 months of operating reserves.

Mission

Promote and encourage excellence in woodworking

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,066
Program Service Revenue $0
Investment Income $4,646
Other Revenue $0
TOTAL REVENUE $62,712

Expense Breakdown

Grants Paid $58,668
Salaries & Benefits $4,000
Fundraising Expenses $1,333
Program Expenses $63,336
Other Expenses $4,633
TOTAL EXPENSES $67,301

Year-over-Year Comparison

2023 2022 Change
Revenue $62,712 $54,235 +0.2%
Expenses $67,301 $42,490 +0.6%
Net Income $-4,589 $11,745 -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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
9

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
0
$0
Total Directors
8
$4,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darryl Dieckman President 2
Director
$4,000 $0 $4,000
Bruce Hart Treasurer 2
Director
$0 $0 $0
Kerry Marshall Vice President 2
Director
$0 $0 $0
Laura Mays Secretary 2
Director
$0 $0 $0
Mattie Hinkley Director 2
Director
$0 $0 $0
Paul Reiber Director 2
Director
$0 $0 $0
Gary Venable Director 2
Director
$0 $0 $0
Ron Hock Director 2
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
2023 $62,712 $67,301 $168,318 $-4,589
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