Freshgrass Public Foundation (EIN 813680121) - 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

Chris Wadsworth

Phone

6468414331

Tax Period

2023-01-01 to 2023-12-31

Freshgrass Public Foundation, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 238% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 9% surplus.

Mission

To stimulate, preserve, promote, and sustain interest in and appreciation of American and International Roots Music including bluegrass, folk, americana, alternative country, blues and other forms of innovative grassroots music and to encourage [continued on Schedule O]

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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 $3,087,844

Program Service Revenue $108,655

Investment Income $13,462

Other Revenue $0

TOTAL REVENUE $3,209,961

Expense Breakdown

Grants Paid $1,822,427

Salaries & Benefits $328,026

Fundraising Expenses $33,613

Program Expenses $2,781,646

Other Expenses $782,952

TOTAL EXPENSES $2,933,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,209,961	$950,336	+2.4%
Expenses	$2,933,405	$1,212,663	+1.4%
Net Income	$276,556	$-262,327	-2.1%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maureen Cross	Treasurer	10.00	Officer	$75,000	$0	$75,000
Chris Wadsworth	President	10.00	Officer Director	$0	$0	$0
Rachel Chanoff	Director	1.00	Director	$0	$0	$0
Joseph Thompson	Director	1.00	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
2024	No data	No data	No data	No data
2023	$3,209,961	$2,933,405	$1,010,037	$276,556
2022	$950,336	$1,212,663	$700,856	$-262,327
2021	$943,143	$740,759	$963,454	$202,384
2020	$366,035	$653,871	$765,564	$-287,836
2019	$141,813	$739,382	$1,107,757	$-597,569
2018	$556,527	$889,294	$1,398,910	$-332,767
2018	$556,527	$889,294	$1,398,910	$-332,767

Freshgrass Public Foundation