THE 1854 FOUNDATION (EIN 823288124) - 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 J VERGARE MD

Phone

2152476001

Tax Period

2024-01-01 to 2024-12-31

THE 1854 FOUNDATION, founded in 2017, is a small nonprofit in the Human Services sector that reported $381K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $228K, a strong 60% operating margin.

Mission

SUPPORT OF LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL AMATEUR SPORTS COMPETITION; PRESERVATION AND MAINTENANCE OF PUBLIC FACILITIES AND ARTIFACTS RELATED TO AMATEUR ATHLETICS; AND ENHANCING THE LOCAL COMMUNITY'S ENVIRONMENTAL HEALTH, BEAUTIFICATION, AND STABILIZATION.

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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 $373,850

Program Service Revenue $0

Investment Income $7,099

Other Revenue $0

TOTAL REVENUE $380,949

Expense Breakdown

Grants Paid $137,394

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,394

Other Expenses $15,979

TOTAL EXPENSES $153,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,949	$268,549	+0.4%
Expenses	$153,373	$170,618	-0.1%
Net Income	$227,576	$97,931	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E GILBERT CARPENTER	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANCES A GARVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
GEOFFREY SURRETTE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL J VERGARE MD	PRESIDENT	4.00	Officer	$0	$0	$0
DENT WILKENS	TREASURER	2.00	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
2024	$380,949	$153,373	$511,805	$227,576
2023	$268,549	$170,618	$284,229	$97,931

THE 1854 FOUNDATION