FOUNDATION RESOLUTION CORPORATION (EIN 592890430) - 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

1987

Legal Domicile

Principal Officer

RICHARD POWELL

Phone

3523446498

Tax Period

2022-10-01 to 2023-09-30

FOUNDATION RESOLUTION CORPORATION, founded in 1987, is a micro nonprofit in the Health Care sector that reported $268 in total revenue in fiscal year 2022. Expenses of $100K exceeded revenue, resulting in a 37386% operating deficit.

Mission

TO MAKE PROVISION FOR THE PAYMENT OF ALL LIABILITIES OF THE CORPORATION AND DISPOSE OF ALL OTHER ASSETS AS PROVIDED IN THE GLOBAL ALLOCATION AND CONTRIBUTION AGREEMENT BETWEEN THE CORPORATION AND CIRTUR COULNTY HOSPITAL BOARD ACCORDING TO FLORIDA STATUTE 617 1405

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $268

TOTAL REVENUE $268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,462

Other Expenses $100,462

TOTAL EXPENSES $100,462

Year-over-Year Comparison

	2022	2021	Change
Revenue	$268	N/A	N/A
Expenses	$100,462	N/A	N/A
Net Income	$-100,194	$0	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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
WILLIAM GRANT	MEMBER	0.00	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
2023	$268	$100,462	$336,462	$-100,194
2022	No data	$26,928	$436,658	No data
2021	$16,557,544	$85,509	$469,287	$16,472,035
2020	$1,385,975	$1,401,147	$832,507	$-15,172
2019	$799,373	$203,924	$512,805	$595,449
2018	$2,168,723	$244,901	$501,936	$1,923,822
2018	$731,161	$258,039	$501,936	$473,122

FOUNDATION RESOLUTION CORPORATION