FOUNDATION REALTY

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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

2007

Legal Domicile

Principal Officer

RICHARD MATTHEWS

Phone

7576227951

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION REALTY, founded in 2007, is a small nonprofit in the Mental Health sector that reported $243K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $485,978

TO ACCEPT AND CONVERT CONTRIBUTIONS OF REAL PROPERTY TO OTHER INVESTMENT ASSETS FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION'S CHARITABLE PURPOSE.

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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 $0

Program Service Revenue $0

Investment Income $242,572

Other Revenue $0

TOTAL REVENUE $242,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $485,978

Other Expenses $485,978

TOTAL EXPENSES $485,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,572	$762,437	-0.7%
Expenses	$485,978	$766,147	-0.4%
Net Income	$-243,406	$-3,710	+64.6%

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

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

$586,387

Total Directors

$369,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BATTEN JR	DIRECTOR & VICE CHAIR	0.50	Director	$0	$0	$0
LD BRITT MD	DIRECTOR	0.50	Director	$0	$0	$0
DAWN S GLYNN	DIRECTOR & TREASURER	0.50	Director	$0	$0	$0
THOMAS R FRANTZ	DIRECTOR	0.50	Director	$0	$0	$0
MILES LEON	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH M DICROCE	PRESIDENT, SECRETARY & CEO	1.00	Officer Director	$0	$20,479	$369,570
HOWARD P KERN	DIRECTOR	0.50	Director	$0	$0	$0
SHARON S GOODWYN	DIRECTOR & CHAIR	0.50	Director	$0	$0	$0
SUZANNE PURYEAR	DIRECTOR	0.50	Director	$0	$0	$0
LEMUEL E LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA C ROMERO MD	DIRECTOR	0.50	Director	$0	$0	$0
RONY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
JAMES A SQUIRES	DIRECTOR & PAST CHAIR	0.50	Director	$0	$0	$0
JOAN P BROCK	DIRECTOR	0.50	Director	$0	$0	$0
HON JERRAULD D JONES	DIRECTOR	0.50	Director	$0	$0	$0
JOHN O WYNNE JR	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD MATTHEWS	CFO	1.00	Officer	$0	$21,271	$216,817
KAY A STINE	VICE PRESIDENT OF DEVELOPM	1.00	Highest	$0	$9,859	$161,280
LINDA M RICE	VICE PRESIDENT OF GRANT MA	0.50	Highest	$0	$13,066	$219,502
ROBIN FOREMAN-WHEELER	VICE PRESIDENT FOR ADMINIS	0.50	Highest	$0	$18,714	$167,627
VIVIAN M ODEN	VICE PRESIDENT FOR EQUITY AND DIVERSITY	1.00	Highest	$0	$16,800	$151,997

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	$242,572	$485,978	$1,754,002	$-243,406
2022	$762,437	$766,147	$1,862,370	$-3,710
2021	$231,738	$171,095	$1,753,516	$60,643
2020	$130,887	$123,040	$1,756,611	$7,847
2019	$238,666	$224,060	$1,753,763	$14,606
2018	$218,795	$224,100	$1,753,823	$-5,305