SUNSHINE FUND INC (EIN 611977578) - 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

2020

Legal Domicile

Principal Officer

MARK W THOMPSON

Phone

2053132111

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE FUND INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $191K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $232K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE SUNSHINE FUND WAS ESTABLISHED THROUGH A PASSIONATE COMMITMENT OF SOUTHSTATE BANK TO PROVIDE NEEDED RESOURCES FOR OUR PEOPLE, COMMUNITY AND ORGANIZATIONS IN AN EFFORT TO HELP THEM THRIVE.

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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 $191,225

Program Service Revenue $0

Investment Income $128

Other Revenue $0

TOTAL REVENUE $191,353

Expense Breakdown

Grants Paid $229,403

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,403

Other Expenses $3,000

TOTAL EXPENSES $232,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,353	$365,250	-0.5%
Expenses	$232,403	$175,774	+0.3%
Net Income	$-41,050	$189,476	-1.2%

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
MARK W THOMPSON	PRESIDENT AND BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JENNIFER IDELL	VICE PRESIDENT AND VICE BOARD CHAIR	0.50	Officer Director	$0	$0	$0
STACEY KLEEBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS KAMIENSKI	BOARD MEMBER	0.50	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	$191,353	$232,403	$148,476	$-41,050
2022	$365,250	$175,774	$189,526	$189,476

SUNSHINE FUND INC