JAKT FOUNDATION (EIN 815319087) - 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

2017

Legal Domicile

Principal Officer

ADAM HEGSTED

Phone

5096210125

Tax Period

2023-01-01 to 2023-12-31

JAKT FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $246K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $278K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE CULTURAL APPRECIATION OF FOOD, SPIRITS, AND MUSIC IN WASHINGTON STATE.

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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 $85,327

Program Service Revenue $160,797

Investment Income $0

Other Revenue $0

TOTAL REVENUE $246,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,566

Fundraising Expenses $0

Program Expenses $238,672

Other Expenses $225,189

TOTAL EXPENSES $277,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,124	$260,033	-0.1%
Expenses	$277,755	$253,530	+0.1%
Net Income	$-31,631	$6,503	-5.9%

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

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
ADAM HEGSTED	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER HEGSTED	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS W STEBBINS	VICE PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
ROB HOLMAN	VICE PRESIDENT/TREASURER	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
2023	$246,124	$277,755	$22,543	$-31,631
2022	$260,033	$253,530	$50,044	$6,503
2021	$154,223	$135,410	$41,675	$18,813
2020	$87,740	$67,284	$32,415	$20,456
2019	$272,252	$223,180	$12,011	$49,072

JAKT FOUNDATION