BRIT FOUNDATION (EIN 823290786) - 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

CHARLES DENISON

Phone

8173324441

Tax Period

2024-01-01 to 2024-12-31

BRIT FOUNDATION, founded in 2017, is a small nonprofit in the Environment sector that reported $381K in total revenue in fiscal year 2024. Revenue surged 161% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 636% operating deficit.

Mission

THE FOUNDATION HOLDS AND MAINTAINS THE LONG-TERM INVESTMENTS FOR THE BENEFIT OF A 501(C)(3) ENTITY, BOTANICAL RESEARCH INSTITUTE OF TEXAS. FOUNDATION IS A SUPPORTING ENTITY OF THE BOTANICAL RESEARCH INSTITUTE OF TEXAS UNDER IRC SECTION 509(A)(1).

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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 $215,566

Program Service Revenue $0

Investment Income $165,719

Other Revenue $0

TOTAL REVENUE $381,285

Expense Breakdown

Grants Paid $2,777,256

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,777,256

Other Expenses $28,680

TOTAL EXPENSES $2,805,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,285	$146,017	+1.6%
Expenses	$2,805,936	$2,863,179	0.0%
Net Income	$-2,424,651	$-2,717,162	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHARLES DENISON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MS REBECCA GRIMMER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR EDWARD P BASS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR ROBERT BOND MALONE	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR JAMES DAY	SECRETARY	1.00	Officer Director	$0	$0	$0
MS HANNAH RODRIGUEZ	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
MS KERI BARFIELD	TREASURER	1.00	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	$381,285	$2,805,936	$76,559,962	$-2,424,651
2023	$146,017	$2,863,179	$71,409,854	$-2,717,162
2022	$54,640	$2,495,547	$65,331,909	$-2,440,907
2021	$530,717	$2,888,941	$76,870,133	$-2,358,224
2020	$2,715,291	$2,611,665	$69,164,126	$103,626
2019	$6,648,712	$2,822,131	$62,814,798	$3,826,581
2018	$1,024,129	$66,719	$56,016,040	$957,410

BRIT FOUNDATION