FOUNDATION FOR ARTICULATION AND SPEECH THERAPY INC (EIN 812785378) - 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

2016

Legal Domicile

Principal Officer

DAVID B LARSEN

Tax Period

2022-01-01 to 2022-12-31

FOUNDATION FOR ARTICULATION AND SPEECH THERAPY INC, founded in 2016, is a small nonprofit in the Health Care sector that reported $349K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $402K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE SPEECH THERAPY, USING ELECTROPALATOGRAPHY AND BIOFEEDBACK TECHNOLOGY, TO THOSE IN NEED. WITH OUR TECHNIQUES, CLIENTS CAN COMPLETE THERAPY IN 6 MONTHS INSTEAD OF YEARS.

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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 $348,850

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $348,850

Expense Breakdown

Grants Paid $283,951

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $392,398

Other Expenses $118,413

TOTAL EXPENSES $402,364

Year-over-Year Comparison

	2022	2021	Change
Revenue	$348,850	$471,757	-0.3%
Expenses	$402,364	$459,619	-0.1%
Net Income	$-53,514	$12,138	-5.4%

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

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
DAVID B LARSEN	PRESIDENT	15.00	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	$348,850	$402,364	$421,249	$-53,514
2021	$471,757	$459,619	$470,056	$12,138
2020	$306,387	$223,960	$463,965	$82,427
2019	$211,196	$183,191	$288,239	$28,005
2018	$138,913	$51,017	$166,059	$87,896

FOUNDATION FOR ARTICULATION AND SPEECH THERAPY INC