FOUNDATION 154 INC

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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

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION 154 INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $126K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $109K, a strong 87% operating margin.

Mission

RESTORE THE HISTORIC ELBA THEATRE TO OPEN AND OPERATE AS A PERFORMING ARTS CENTER AND TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES

Program Service Accomplishments

Program 1

Expenses: $16,126 Revenue: $125,532

COMPLETED INSTALLATION OF TICKETING BOOTH, CONCESSION STAND, AND HISTORIC REPLICA OF THE ORIGINAL MARQUEE, ALONG WITH ADDITIONAL TOP CAP COMPONENT TO REDIRECT RAIN FROM THE BUILDING FACADE. BEGAN...

COMPLETED INSTALLATION OF TICKETING BOOTH, CONCESSION STAND, AND HISTORIC REPLICA OF THE ORIGINAL MARQUEE, ALONG WITH ADDITIONAL TOP CAP COMPONENT TO REDIRECT RAIN FROM THE BUILDING FACADE. BEGAN FUNDRAISING FOR SOUND AND STAGE COMPONENTS. HOSTED EDUCATIONAL AND ARTISTIC PROGRAMMING IN CONNECTION WITH AUBURN UNIVERSITY, THE CAROLINE MARSHALL DRAUGHON CENTER FOR THE ARTS & HUMANITIES, AND THE ELBA HISTORIC PRESERVATION ALLIANCE. PRESENTED A SUMMER EDUCATION SERIES FOR KIDS WITH THE ELBA PUBLIC LIBRARY. HOSTED ELBA HIGH SCHOOL BAND BANQUET, ELBA HIGH SCHOOL PROM AMONG OTHER VARIOUS COMMUNITY GATHERINGS.

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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 $119,444

Program Service Revenue $6,088

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,126

Other Expenses $16,126

TOTAL EXPENSES $16,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,532	$135,119	-0.1%
Expenses	$16,126	$10,622	+0.5%
Net Income	$109,406	$124,497	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BOX	TREASURER	1.00	Officer	$0	$0	$0
LAURIE CHAPMAN	SECRETARY	11.00	Officer	$0	$0	$0
JUSTIN MADDOX	PRESIDENT	10.00	Officer	$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
2024	No data	No data	No data	No data
2023	$125,532	$16,126	$618,076	$109,406
2022	$135,119	$10,622	$477,849	$124,497
2021	$166,116	$6,631	$314,352	$159,485