THE 506 FOUNDATION INC (EIN 562398236) - 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

2003

Legal Domicile

Principal Officer

CHRIS KASTLER

Phone

6207845326

Tax Period

2024-07-01 to 2025-06-30

THE 506 FOUNDATION INC, founded in 2003, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $850K represent 152 months of operating reserves.

Mission

THE PURPOSE IS TO PROVIDE A TAX-EXEMPT ORGANIZATION TO COLLECT, ADMINISTER AND DISTRIBUTE PRIVATE DONATIONS FOR THE BETTERMENT OF UNIFIED SCHOOL DISTRICT 506.

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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 $57,483

Program Service Revenue $0

Investment Income $9,793

Other Revenue $0

TOTAL REVENUE $67,276

Expense Breakdown

Grants Paid $57,546

Salaries & Benefits $5,287

Fundraising Expenses $0

Program Expenses $57,546

Other Expenses $3,145

TOTAL EXPENSES $65,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,276	$73,052	-0.1%
Expenses	$65,978	$64,150	+0.0%
Net Income	$1,298	$8,902	-0.9%

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

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

$5,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KASTLER	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLE LEAKE	DIRECTOR	1.00	Director	$0	$0	$0
GLENA AIKENS	DIRECTOR	1.00	Director	$0	$0	$0
RICH FALKENSTIEN	DIRECTOR	1.00	Director	$0	$0	$0
ROY THOMPSON	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
MARJORIE FALCON	SECRETARY	2.00	Officer	$0	$0	$0
JERICA WILSON	TREASURER	2.00	Officer	$5,287	$0	$5,287
SHAWN ALLOWAY	PRESIDENT	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
2025	$67,276	$65,978	$850,201	$1,298
2024	$73,052	$64,150	$765,205	$8,902
2023	$74,496	$54,451	$720,180	$20,045
2022	$138,032	$56,301	$675,826	$81,731
2021	$163,984	$48,033	$667,608	$115,951
2020	$30,703	$48,024	$551,657	$-17,321
2019	$73,643	$45,001	$568,978	$28,642

THE 506 FOUNDATION INC