The Morse Foundation (EIN 471592912) - 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

Kim Negri

Phone

8313332215

Tax Period

2024-07-01 to 2025-06-30

The Morse Foundation, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 85% operating margin.

Mission

The Morse Foundation provides scholarships to Monterey Peninsula Country Club community, including their employees and family members to promote learning and enhance the quality of life.

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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 $1,010,538

Program Service Revenue $0

Investment Income $168,085

Other Revenue $10,500

TOTAL REVENUE $1,189,123

Expense Breakdown

Grants Paid $150,962

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,962

Other Expenses $28,939

TOTAL EXPENSES $179,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,123	$697,043	+0.7%
Expenses	$179,901	$183,038	0.0%
Net Income	$1,009,222	$514,005	+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

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
Kim Negri	President	2.00	Officer Director	$0	$0	$0
Chris Baumgart	President until 11/30/24	2.00	Officer Director	$0	$0	$0
Tonya Antle	Vice President	2.00	Officer Director	$0	$0	$0
Jim Anderson	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Joan Hoover	Secretary/Treasurer until 11/30/24	2.00	Officer Director	$0	$0	$0
Bob Axley	Director	2.00	Director	$0	$0	$0
Marion Bottomley	Director until 11/30/24	2.00	Director	$0	$0	$0
John Fell	Director	2.00	Director	$0	$0	$0
Wallace Gordon	Director	2.00	Director	$0	$0	$0
Carolyn Joye	Director	2.00	Director	$0	$0	$0
Hector Topete	Director	2.00	Director	$0	$0	$0
Mark Zytko	Director	2.00	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
2025	$1,189,123	$179,901	$3,221,756	$1,009,222
2024	$697,043	$183,038	$2,040,448	$514,005
2023	$408,106	$195,302	$1,462,071	$212,804
2022	$312,360	$158,932	$1,178,874	$153,428
2021	$286,763	$83,777	$1,229,146	$202,986
2020	$319,056	$67,644	$854,414	$251,412
2019	$234,056	$95,670	$603,002	$138,386

The Morse Foundation