High Zero Foundation Inc

EIN: 522325443 501(c)(3) Arts, Culture & Humanities

Baltimore, MD

Total Revenue
$28,441
Total Expenses
$42,267
Total Assets
$71,265
Net Assets
$71,265
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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
2001
Legal Domicile
MD
Principal Officer
Martin Schmidt
Phone
4109487283
Tax Period
2024-01-01 to 2024-12-31

High Zero Foundation Inc, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $28K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 49% operating deficit.

Mission

Promoting experimental improvised music

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,179
Program Service Revenue $9,262
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,000
Other Expenses $42,267
TOTAL EXPENSES $42,267

Year-over-Year Comparison

2024 2023 Change
Revenue $28,441 $42,067 -0.3%
Expenses $42,267 $35,321 +0.2%
Net Income $-13,826 $6,746 -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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martin Schmidt President 10.00
Director
$0 $0 $0
CK Barlow Secretary 5.00
Director
$0 $0 $0
Samuel Burt Treasurer 5.00
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 $28,441 $42,267 $71,265 $-13,826
2023 $42,067 $35,321 No data $6,746
2022 $30,028 $29,541 $49,933 $487
2021 $33,387 $27,173 No data $6,214
2020 $8,624 $12,820 No data $-4,196
2019 $39,394 $38,567 No data $827
2018 $63,733 $54,940 No data $8,793
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