1610 FOUNDATION INC (EIN 473438111) - 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

2015

Legal Domicile

Principal Officer

MICHAEL K AKE

Phone

4042520100

Tax Period

2024-01-01 to 2024-12-31

1610 FOUNDATION INC, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $890K, a strong 57% operating margin.

Mission

TO BE FAITHFUL WITH THE RESOURCES THAT GOD HAS GIVEN TO US; SERVING AS RESPONSIBLE STEWARDS THROUGH HIS PROVIDENCE, TO GLORIFY HIM AND TO FURTHER HIS KINGDOM.

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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 $852,000

Program Service Revenue $0

Investment Income $701,474

Other Revenue $0

TOTAL REVENUE $1,553,474

Expense Breakdown

Grants Paid $650,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $650,000

Other Expenses $13,861

TOTAL EXPENSES $663,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,553,474	$1,776,820	-0.1%
Expenses	$663,861	$696,757	0.0%
Net Income	$889,613	$1,080,063	-0.2%

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

$266,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D SCOTT LUTTRELL	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
DANA E RING	DIRECTOR	1.00	Director	$0	$29,331	$266,693
ROBERT G COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID S LUTTRELL	EXEC. VICE PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL K AKE	SECRETARY/TREASURER	2.00	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	$1,553,474	$663,861	$27,625,111	$889,613
2023	$1,776,820	$696,757	$25,481,397	$1,080,063
2022	$1,760,829	$517,226	$22,545,676	$1,243,603
2021	$4,193,976	$650,567	$22,994,927	$3,543,409
2020	$4,008,673	$290,702	$19,496,800	$3,717,971
2018	$10,018,185	$760,177	$15,655,734	$9,258,008

1610 FOUNDATION INC