FOUNDATION INDUSTRIES INC (EIN 720947928) - 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

1982

Legal Domicile

Principal Officer

JIM LAMBERT OSWALD

Phone

2256546283

Tax Period

2019-07-01 to 2020-06-30

FOUNDATION INDUSTRIES INC, founded in 1982, is a small nonprofit in the Human Services sector that reported $612K in total revenue in fiscal year 2019. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

FOUNDATION INDUSTRIES, INC IS A NON-PROFIT PRIVATE AGENCY STRIVING TO MEET THE VOCATIONAL NEEDS OF INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $47,300

Program Service Revenue $545,853

Investment Income $18,867

Other Revenue $0

TOTAL REVENUE $612,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,619

Fundraising Expenses $0

Program Expenses $450,298

Other Expenses $144,765

TOTAL EXPENSES $637,384

Year-over-Year Comparison

	2019	2018	Change
Revenue	$612,020	$829,805	-0.3%
Expenses	$637,384	$930,459	-0.3%
Net Income	$-25,364	$-100,654	-0.7%

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

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

$52,260

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM LAMBERT OSWALD	GENERAL MANAGER	40.00	Director	$52,260	$0	$52,260
MELBA KING	OPERATIONAL MANAGE	40.00		$47,337	$0	$47,337
ALEXANDER LAMBERT-OSWALD	ACCOUNTANT	32.00		$42,993	$0	$42,993
GLADYS JACKSON	DEPT HEAD	40.00		$40,730	$0	$40,730
VICKIE SHOEMAKER	N/A	40.00		$27,371	$0	$27,371
ALLISON CAMPBELL	STAFF	40.00		$26,479	$0	$26,479
REGGIE JAMES	BOARD MEMBER	0.00	Director	$0	$0	$0
MELBA KING	OPERATION MANAG	0.00	Director	$0	$0	$0
RACHEL BYRD	BOARD MEMBER	0.00	Director	$0	$0	$0
MARTHA DAVIS	President	0.00	Director	$0	$0	$0
ROMONA DUNAWAY	BOARD MEMBER	0.00	Director	$0	$0	$0
DEBRA LAZARUS	BOARD MEMBER	0.00	Director	$0	$0	$0
CURTIS HATMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
ELLEN SWAIN	Secretary	0.00	Director	$0	$0	$0
RENEE DUNAWAY	BOARD MEMBER	0.00	Director	$0	$0	$0
BRADLEY HEBERT	BOARD 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
2020	$612,020	$637,384	$284,193	$-25,364
2019	$829,805	$930,459	$205,475	$-100,654

FOUNDATION INDUSTRIES INC