THE BRENN FOUNDATION

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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

1987

Legal Domicile

Principal Officer

NICOLE BAGLEY

Phone

2022627733

Tax Period

2023-01-01 to 2023-12-31

THE BRENN FOUNDATION, founded in 1987, is a small nonprofit in the International Affairs sector that reported $911K in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 34% operating margin.

Mission

THE FOUNDATION, AS AN ORGANIZATION DESCRIBED IN IRS SECTION 509(A)(3) IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE INSTITUTE FOR AMERICA'S FUTURE AND THE NATIONAL SECURITY ARCHIVE FUND, INC. AS LONG AS THESE ORGANIZATIONS ARE EXEMPT FROM FEDERAL TAX UNDER IRS SECTION 501(C)(3) AND DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) TO THE EXTENT OTHERWISE PERMITTED BY LAW. THE CORPORATION MAY VARY THE AMOUNT OF ITS SUPPORT BETWEEN THE ORGANIZATIONS SPECIFIED ABOVE.

Program Service Accomplishments

Program 1

Expenses: $341,096 Revenue: $2,597

THE BRENN FOUNDATION'S EXCLUSIVE PROGRAM ACTIVITY IS TO PROVIDE MEETING AND CONFERENCE FACILITIES TO ITS TWO SUPPORTED ORGANIZATIONS, THE INSTITUTE FOR AMERICA'S FUTURE AND THE NATIONAL SECURITY...

THE BRENN FOUNDATION'S EXCLUSIVE PROGRAM ACTIVITY IS TO PROVIDE MEETING AND CONFERENCE FACILITIES TO ITS TWO SUPPORTED ORGANIZATIONS, THE INSTITUTE FOR AMERICA'S FUTURE AND THE NATIONAL SECURITY ARCHIVE FUND, INC., BOTH OF WHICH ARE IRC 501(C)(3) PUBLIC CHARITIES, TO SIMILAR PUBLIC CHARITIES WHOSE EXEMPT PURPOSES ARE CONSISTENT WITH THOSE OF ITS SUPPORTED ORGANIZATIONS, AND TO OTHERS FOR EVENTS NEEDING A LOCAL, HISTORIC AND NATURAL SURROUNDING FOR THEIR MEETING OR EVENT.

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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 $0

Program Service Revenue $2,597

Investment Income $908,303

Other Revenue $0

TOTAL REVENUE $910,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,248

Fundraising Expenses $0

Program Expenses $341,096

Other Expenses $491,214

TOTAL EXPENSES $597,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$910,900	$236,911	+2.8%
Expenses	$597,462	$588,653	+0.0%
Net Income	$313,438	$-351,742	-1.9%

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

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
NICOLE BAGLEY	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT BOROSAGE	DIRECTOR/SECRETARY & TREAS	1.00	Officer Director	$0	$0	$0
THOMAS BLANTON	DIRECTOR/VICE PRESIDENT	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$910,900	$597,462	$11,654,038	$313,438
2022	$236,911	$588,653	$10,854,505	$-351,742
2021	$879,608	$633,898	$13,504,640	$245,710
2020	$574,671	$544,937	$12,214,504	$29,734
2019	$250,973	$514,303	$10,944,710	$-263,330
2018	$2,917,073	$1,163,672	$9,747,417	$1,753,401