Tholos Foundation (EIN 521400492) - 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

1985

Legal Domicile

Principal Officer

Grover G Norquist

Phone

2027850266

Tax Period

2023-01-01 to 2023-12-31

Tholos Foundation, founded in 1985, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 81% operating deficit.

Mission

Economic research and fiscal policy analysis- See Schedule O

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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 $2,638,635

Program Service Revenue $100

Investment Income $108,198

Other Revenue $24

TOTAL REVENUE $2,746,957

Expense Breakdown

Grants Paid $368,208

Salaries & Benefits $2,022,710

Fundraising Expenses $666,559

Program Expenses $3,345,177

Other Expenses $2,587,524

TOTAL EXPENSES $4,978,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,746,957	$3,494,231	-0.2%
Expenses	$4,978,442	$4,776,182	+0.0%
Net Income	$-2,231,485	$-1,281,951	+0.7%

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

$683,277

Total Directors

$299,299

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grover Norquist	President	16.00	Officer Director	$100,000	$49,299	$299,299
Peter Balkin	Vice President	20.00	Officer Director	$0	$0	$0
Mark Klugmann	Board Member	1.00	Director	$0	$0	$0
Paul Smith	Board Member	1.00	Director	$0	$0	$0
Caren Toloczko	Board Member	1.00	Director	$0	$0	$0
Megan Worley	Vice President of Finance	20.00	Officer	$48,250	$33,290	$129,790
Christopher Butler	Executive Director	12.00	Officer	$62,880	$44,588	$254,188
Patrick Gleason	Director of State Affairs	16.00	Highest	$69,472	$30,202	$203,882
John Kartch	Vice President of Communications	18.00	Highest	$86,850	$33,400	$226,400
Lorenzo Montanari	Dir. of International Programs and Affairs	40.00	Highest	$175,000	$16,036	$191,036
Margaret Mire	Director of State Government Relations	18.00	Highest	$69,394	$12,770	$166,978
Andreas Hellman	Dir. of Outreach, Tax & Regulatory Policy	34.00	Highest	$22,800	$23,197	$175,197

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	$2,746,957	$4,978,442	$3,468,200	$-2,231,485
2022	$3,494,231	$4,776,182	$3,436,033	$-1,281,951
2021	$1,841,532	$3,224,691	$2,525,474	$-1,383,159
2020	$1,592,807	$2,688,489	$1,545,111	$-1,095,682
2019	$1,715,878	$3,170,701	$406,278	$-1,454,823
2018	$1,462,126	$3,953,234	$524,264	$-2,491,108

Tholos Foundation