BOREALIS PHILANTHROPY (EIN 464598642) - 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

2014

Legal Domicile

Principal Officer

AMORETTA MORRIS

Phone

6122249644

Tax Period

2023-01-01 to 2023-12-31

BOREALIS PHILANTHROPY, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $39.4M in total revenue in fiscal year 2023. Expenses of $44.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

BOREALIS PHILANTHROPY DIRECTS RESOURCES TO PEOPLE BUILDING POWERFUL, THRIVING COMMUNITIES THAT SERVE ALL OF US, WITH THOSE MOST IMPACTED BY INJUSTICE LEADING THE WAY. WE INVEST IN LEADERS, ORGANIZATIONS, AND MOVEMENTS USING DIVERSE AND INNOVATIVE STRATEGIES TO PURSUE TRANSFORMATIONAL CHANGE, AND WE WORK WITH DONORS TO SUPPORT MOVEMENTS IN WAYS THEY MAY NOT BE ABLE TO DO ON THEIR OWN. THROUGH OUR WORK WITH BOTH FUNDERS AND GRANTEE PARTNERS, WE AIM TO SHIFT POWER AND INVEST IN 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 $37,316,529

Program Service Revenue $0

Investment Income $2,050,446

Other Revenue $0

TOTAL REVENUE $39,366,975

Expense Breakdown

Grants Paid $32,822,917

Salaries & Benefits $7,109,113

Fundraising Expenses $510,835

Program Expenses $38,948,017

Other Expenses $4,628,136

TOTAL EXPENSES $44,560,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,366,975	$37,532,996	+0.0%
Expenses	$44,560,166	$45,590,858	0.0%
Net Income	$-5,193,191	$-8,057,862	-0.4%

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

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

$648,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER CHING	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
JEANNE BELL	TREASURER	3.00	Officer Director	$0	$0	$0
GARLAND YATES	SECRETARY	3.00	Officer Director	$0	$0	$0
CHARLES LONG	DIRECTOR	2.00	Director	$0	$0	$0
EBONY HARPER	DIRECTOR	2.00	Director	$0	$0	$0
INCA MOHAMMED	DIRECTOR	2.00	Director	$0	$0	$0
ISABEL SOUSA-RODRIQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
SIMRAN NOOR	DIRECTOR	2.00	Director	$0	$0	$0
AMORETTA MORRIS	PRESIDENT	40.00	Officer	$205,636	$28,655	$234,291
RANDOLPH MILLER	MANAGING DIRECTOR	40.00	Officer	$175,406	$37,928	$213,334
REBECCA LUXENBERG	DIRECTOR OF FINANCE	40.00	Officer	$153,234	$47,542	$200,776
WINIFRED OLLIFF	DIRECTOR OF OPERATIONS	40.00	Highest	$157,272	$39,987	$197,259
MAYA WIENER BERKOWITZ	DIRECTOR OF DEVELOPMENT	40.00	Highest	$153,807	$42,477	$196,284
CARRIE COLEY	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$153,499	$33,269	$186,768
JULIA BEATTY	PROGRAM DIRECTOR	40.00	Highest	$147,281	$25,219	$172,500
NNENE J ESSIEN	DIRECTOR OF PEOPLE & CULTURE	40.00	Highest	$124,754	$47,200	$171,954

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	$39,366,975	$44,560,166	$86,759,283	$-5,193,191
2022	$37,532,996	$45,590,858	$88,580,581	$-8,057,862
2021	$83,860,189	$39,182,151	$93,121,969	$44,678,038
2020	$50,610,882	$36,411,224	$46,728,380	$14,199,658
2019	$26,194,467	$18,403,082	$33,432,513	$7,791,385
2018	$23,433,054	$28,187,261	$30,046,737	$-4,754,207

BOREALIS PHILANTHROPY