Bain 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

1996

Legal Domicile

Phone

8645820138

Tax Period

2024-01-01 to 2024-12-31

Bain Foundation, founded in 1996, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11K exceeded revenue, resulting in a 67% operating deficit.

Mission

Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county foundation.

Program Service Accomplishments

Program 1

Expenses: $6,000

Grants to support philanthropic endeavors in Spartanburg county in support of the Spartanburg county foundation.

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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 $0

Program Service Revenue $0

Investment Income $6,767

Other Revenue $0

TOTAL REVENUE $6,767

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,000

Other Expenses $5,283

TOTAL EXPENSES $11,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,767	$5,856	+0.2%
Expenses	$11,283	$7,821	+0.4%
Net Income	$-4,516	$-1,965	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE A BAIN	CHAIRMAN & SECRETARY	1.0	Officer Director	$0	$0	$0
KITTLER ZIBART	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
NANCY B COTE	PRESIDENT & TREASURER	1.0	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
2025	No data	No data	No data	No data
2024	$6,767	$11,283	$361,596	$-4,516
2023	$5,856	$7,821	$338,267	$-1,965
2022	$5,264	$10,934	$307,015	$-5,670
2021	$40,859	$11,243	$361,343	$29,616
2020	$40,749	$9,078	$320,943	$31,671
2019	$279,870	$247,188	$289,272	$32,682
2018	$851	$26,488	$256,590	$-25,637