NOODLES & COMPANY FOUNDATION (EIN 471316698) - 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

KATHY LOCKHART

Phone

7205742126

Tax Period

2024-07-01 to 2025-06-30

NOODLES & COMPANY FOUNDATION, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 49% operating deficit.

Mission

PROVIDING HARDSHIP GRANTS AND SCHOLARSHIP OPPORTUNITIES TO NOODLES & COMPANY TEAM MEMBERS. SEE MORE IN PART III

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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 (2024)

Revenue Breakdown

Contributions & Grants $127,423

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $127,423

Expense Breakdown

Grants Paid $87,954

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,954

Other Expenses $101,586

TOTAL EXPENSES $189,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,423	$169,713	-0.2%
Expenses	$189,540	$216,576	-0.1%
Net Income	$-62,117	$-46,863	+0.3%

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

N/A

Independent Members

N/A

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
KATHY LOCKHART	PRESIDENT & TREASURER	10.00	Officer	$0	$0	$0
JENNILEE CHILDS	SECRETARY	1	Officer	$0	$0	$0
COREY KLINE	VICE PRESIDENT	1	Officer	$0	$0	$0
LU LESLIE	FOUNDATION COORDINATOR	25	Key Emp	$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	$127,423	$189,540	$109,108	$-62,117
2024	$169,713	$216,576	$171,225	$-46,863
2023	$157,769	$261,513	$218,088	$-103,744
2022	$211,355	$110,222	$321,832	$101,133

NOODLES & COMPANY FOUNDATION