Portside Foundation (EIN 824045670) - 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

2018

Legal Domicile

Principal Officer

Dava Davin

Phone

2076197571

Tax Period

2021-01-01 to 2021-12-31

Portside Foundation, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2021. The organization ran a surplus of $38K, a strong 17% operating margin.

Mission

The Portside Foundation is organized as a public benefit corporation for the purpose of conducting fundraising events and activities to support charitable, scientific, and educational causes.

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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 (2021)

Revenue Breakdown

Contributions & Grants $210,102

Program Service Revenue $0

Investment Income $0

Other Revenue $17,121

TOTAL REVENUE $227,223

Expense Breakdown

Grants Paid $186,509

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,509

Other Expenses $2,774

TOTAL EXPENSES $189,283

Year-over-Year Comparison

	2021	2020	Change
Revenue	$227,223	N/A	N/A
Expenses	$189,283	N/A	N/A
Net Income	$37,940	$0	N/A

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
Dava Davin	President	5.00	Officer Director	$0	$0	$0
Jessica Nason	Secretary	5.00	Officer Director	$0	$0	$0
Nikki Petersen	Treasurer (part year)	5.00	Officer Director	$0	$0	$0
Russ Bouchard	Treasurer	5.00	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
2021	$227,223	$189,283	$50,248	$37,940

Portside Foundation