321 FOUNDATION (EIN 823946809) - 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 EVANS

Tax Period

2023-04-01 to 2024-03-31

321 FOUNDATION, founded in 2017, is a micro nonprofit that reported $21 in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 86981% operating deficit.

Mission

TO PROVIDE MEANINGFUL WORK OPPORTUNITIES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 $0

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $21

Expense Breakdown

Grants Paid $16,925

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,925

Other Expenses $1,362

TOTAL EXPENSES $18,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21	$322	-0.9%
Expenses	$18,287	$3,189	+4.7%
Net Income	$-18,266	$-2,867	+5.4%

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
LINDSAY WREGE	CEO	10.00	Officer Director	$0	$0	$0
MICHAEL EVANS	CFO	10.00	Officer	$0	$0	$0
LIAM DAO	COO	10.00	Officer	$0	$0	$0
GREG GERMAIN	CHAIR	2.00	Director	$0	$0	$0
ROBERT JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE PFEIFFER	DIRECTOR	2.00	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
2024	$21	$18,287	No data	$-18,266
2023	$322	$3,189	$18,266	$-2,867
2022	$30,851	$241,443	$21,133	$-210,592
2021	$238,420	$164,973	$233,977	$73,447
2020	$220,409	$82,867	$158,372	$137,542

321 FOUNDATION