BE FRANK FOUNDATION

EIN: 464204601 501(c)(3) Arts, Culture & Humanities

Bayfield, CO

Total Revenue
$255,229
Total Expenses
$201,637
Total Assets
$102,718
Net Assets
$102,718
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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
2013
Legal Domicile
CO
Principal Officer
LECH USINOWICZ
Phone
9708843120
Tax Period
2022-09-01 to 2023-08-31

BE FRANK FOUNDATION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2022. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

MUSIC INSTRUCTION FOR ELEMENTARY AND HIGH SCHOOL STUDENTS

Program Service Accomplishments

Program 1
Expenses: $47,859 Revenue: $110,143

PROVIDE INSTRUMENTS ANS MUSIC INSTRUCTION TO ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS, REGARDLESS OF INCOME, THROUGHOUT LAPLATA COUNTY, CO

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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 (2022)

Revenue Breakdown

Contributions & Grants $144,960
Program Service Revenue $110,143
Investment Income $126
Other Revenue $0
TOTAL REVENUE $255,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,252
Fundraising Expenses $7,135
Program Expenses $47,859
Other Expenses $113,385
TOTAL EXPENSES $201,637

Year-over-Year Comparison

2022 2021 Change
Revenue $255,229 $167,269 +0.5%
Expenses $201,637 $140,180 +0.4%
Net Income $53,592 $27,089 +1.0%
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
5
Independent Members
4
Employees
5
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
2
$69,420
Total Directors
5
$69,420
Key Employees
1
$69,420
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LECH USINOWICZ MANAGING DIRECTOR 050.00
Officer Director Key Emp Highest
$69,420 $0 $69,420
DENNON JONES EXEC DIRECTOR 010.00
Director
$0 $0 $0
LARA GALANTE DEVELOPMENT DIR 010.00
Director
$0 $0 $0
DANIELLE THURBER PRESIDENT 010.00
Officer Director
$0 $0 $0
SARAH GOLDMAN CMMTY OUTREACH 010.00
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
2023 $255,229 $201,637 $102,718 $53,592
2020 $204,956 $159,189 $41,423 $45,767
2018 $200,241 $192,686 $32,589 $7,555
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