THE EXPLORIS FOUNDATION

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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

2017

Legal Domicile

Principal Officer

JOSH CORBAT

Phone

9197153690

Tax Period

2024-07-01 to 2025-06-30

THE EXPLORIS FOUNDATION, founded in 2017, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $412K exceeded revenue, resulting in a 390% operating deficit.

Mission

THE PURPOSE OF THE EXPLORIS SCHOOL FOUNDATION IS TO ACCEPT AND MANAGE GIFTS AND DONATIONS THAT SUPPORT THE PROGRAMS, FACILITIES, AND OPERATIONS OF THE EXPLORIS SCHOOL. THE FOUNDATION ENABLES THE SCHOOL TO GROW AND MEET THE NEEDS OF ITS STUDENTS AND TEACHERS, GOALS THAT COULD NOT BE ACHIEVED SOLELY THROUGH STATE AND LOCAL FUNDING.

Program Service Accomplishments

Program 1

Expenses: $341,428

THE EXPLORIS FOUNDATION MANAGED GIFTS AND DONATIONS THAT SUPPORT THE PROGRAMS, FACILITIES, AND OPERATIONS OF THE EXPLORIS SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,095

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,095

Expense Breakdown

Grants Paid $341,428

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,428

Other Expenses $70,698

TOTAL EXPENSES $412,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,095	$62,444	+0.3%
Expenses	$412,126	$5,350	+76.0%
Net Income	$-328,031	$57,094	-6.7%

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

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

$76,954

Total Directors

$331,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOREN MORGAN	TREASURER	1.00	Officer Director	$0	$9,347	$76,954
JESSICA ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$69,713
MICHELLE DUNCAN	BOARD MEMBER	1.00	Director	$0	$7,030	$80,790
JOSH CORBAT	BOARD MEMBER	1.00	Director	$0	$10,238	$103,769
SUSAN SINGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EMILY MCINTYRE	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY MCCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET BURNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA SIGMON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ROBERTS	SECRETARY	1.00	Officer Director	$0	$0	$0
JENN SCHULTZ	VICE CHAIRPERSON	1.00	Officer 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
2025	$84,095	$412,126	$341,889	$-328,031
2024	$62,444	$5,350	$669,920	$57,094
2023	$22,055	$57,282	$612,826	$-35,227
2022	$52,346	$58,841	$648,053	$-6,495
2021	$81,350	$19,591	$654,548	$61,759
2020	$101,845	$567,329	$592,789	$-465,484
2019	$67,519	$1,916	$1,058,273	$65,603
2018	$994,711	$2,041	$992,670	$992,670