SMBK FOUNDATION (EIN 473539204) - 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

Principal Officer

MINORU HORIKIRI

Tax Period

2020-01-01 to 2020-12-31

SMBK FOUNDATION is a micro nonprofit in the Religion sector that reported $7K in total revenue in fiscal year 2020. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 335% operating deficit.

Mission

THIS CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES. THIS CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF 501 (C) (3). THIS CORPORATION 509(A) (3) OF THE INTERNAL REVENUE CODE OF 1986 AND THE REGULATIONS THEREUNDER, AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED (HEREAFTER COLLECTIVELY REFERRED TO AS THE INTERNAL REVENUE CODE), FOR FOLLOWING SPECIFIC PURPOSES; (A) TO SUPPORT, BENEFIT AND ASSIST THE SEKAI MAHIKARI BUNMEI KYODAN U.S.A. (WHICH IS PUBLICLY SUPPORTED RELIGIOUS ORGANIZATION, AS DEFINED IN INTERNAL REVENUE CODE 509(A)), OR PROGRAMS WHICH SUPPORT OR BENEFIT THE SEKAI MAHIKARI BUNMEI KYODAN - U.S.A. (B) TO RECEIVE FROM ANY PERSON, FIRM, FOUNDATION, CORPORATION, OR GOVERNMENTAL AGENCY, PROPERTY WHICH WILL CONSTITUTE THE ENDOWMENT FUNDS OF THE CORPORATION OR WHIC

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,388

Other Revenue $0

TOTAL REVENUE $7,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,113

Other Expenses $32,128

TOTAL EXPENSES $32,128

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,388	$29,754	-0.8%
Expenses	$32,128	$17,070	+0.9%
Net Income	$-24,740	$12,684	-3.0%

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

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
REI FUKUJU	DIRECTOR	N/A	Director	$0	$0	$0
KATSUHIRO SEKIGUCHI	DIRECTOR	N/A	Director	$0	$0	$0
KATSUTOSHI SEKIGUCHI	DIRECTOR	N/A	Director	$0	$0	$0
KENJI FURUE	SECRETARY	N/A	Officer	$0	$0	$0
MINORU HORIKIRI	PRESIDENT	N/A	Officer	$0	$0	$0
KIYOMITSU MAGARI	TREASURER	N/A	Officer	$0	$0	$0
KEITA NISHIMURA	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2020	$7,388	$32,128	$455,504	$-24,740
2019	$29,754	$17,070	$480,244	$12,684
2018	$20,008	$3,630	$467,319	$16,378

SMBK FOUNDATION