THE TERRACE FOUNDATION (EIN 822475808) - 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

MICHAEL VONDRAN

Phone

8056823618

Tax Period

2023-01-01 to 2023-12-31

THE TERRACE FOUNDATION, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $520K in total revenue in fiscal year 2023.

Mission

TO ABOLISH FOOD DESERTS IN UNDERSERVED LOW-INCOME COMMUNITIES, CREATE THE NEXT GENERATION OF FARMERS, AND PROVIDE HEALTHY FRESH PRODUCE TO THE UNDER REPRESENTED POPULATION. THROUGH EDUCATION, THE GOAL OF THE TERRACE FOUNDATION IS TO TEACH THE CHILDREN AND ADULTS TO LIVE SUSTAINABLY, OWN THEIR FOOD SUPPLY, AND DEFEAT FOOD RELATED ILLNESSES SUCH AS DIABETES, HEART DISEASE, AND STROKES.

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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 $28,495

Program Service Revenue $491,527

Investment Income $18

Other Revenue $0

TOTAL REVENUE $520,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,285

Fundraising Expenses $4,149

Program Expenses $401,528

Other Expenses $240,650

TOTAL EXPENSES $540,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$520,040	$483,186	+0.1%
Expenses	$540,935	$575,291	-0.1%
Net Income	$-20,895	$-92,105	-0.8%

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

$122,487

Total Directors

$13,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SOMMERS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DEAN VANECEK	TREASURER	4.00	Officer Director	$0	$0	$0
SAMANTHA ANDERSON	FORMER BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL VONDRAN	PRESIDENT	20.00	Officer Director	$13,440	$0	$13,440
SEBASTIAN ALDANA JR	FORMER BOARD PRESIDENT	20.00	Officer Director	$0	$0	$0
MANNY AYALA	FORMER EXECUTIVE DIRECTOR	20.00	Officer	$21,473	$21,324	$109,047

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	$520,040	$540,935	$40,756	$-20,895
2022	$483,186	$563,570	$53,082	$-80,384
2021	$547,504	$455,426	$98,014	$92,078
2020	$1,556,066	$599,705	$75,764	$956,361

THE TERRACE FOUNDATION