CORE FOUNDATION (EIN 660764897) - 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

Principal Officer

FRANK CUMMINGS

Phone

5033493803

Tax Period

2022-01-01 to 2022-12-31

CORE FOUNDATION is a micro nonprofit in the Environment sector that reported $48K in total revenue in fiscal year 2022. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE C.O.R.E. FOUNDATION INSPIRES COMMUNITIES TO BE BETTER STEWARDS OF THE ENVIRONMENT THROUGH MARINE AWARENESS EDUCATION AND HANDS ON COASTAL PROGRAMS.

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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 $44,039

Program Service Revenue $3,805

Investment Income $227

Other Revenue $0

TOTAL REVENUE $48,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,349

Other Expenses $67,567

TOTAL EXPENSES $67,567

Year-over-Year Comparison

	2022	2021	Change
Revenue	$48,071	$222,996	-0.8%
Expenses	$67,567	$173,127	-0.6%
Net Income	$-19,496	$49,869	-1.4%

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

N/A

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
FRANK CUMMINGS	PRESIDENT	4.00	Officer	$0	$0	$0
MICHAEL FUNK	TREASURER	4.00	Officer	$0	$0	$0
SUE LITTLEFIELD	SECRETARY	4.00	Officer	$0	$0	$0
JEFF MILLER	SCIENCE OFFI	4.00	Officer	$0	$0	$0
JASON QUETEL	CHIEF OF FIE	4.00	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
2022	$48,071	$67,567	$186,274	$-19,496
2021	$222,996	$173,127	$205,770	$49,869

CORE FOUNDATION