THE SHORE FOUNDATION (EIN 824233483) - 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

MEGAN ALCHOWIAK

Phone

5853299899

Tax Period

2024-01-01 to 2024-12-31

THE SHORE FOUNDATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $702K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $663K left a modest 5% surplus.

Mission

TO MAXIMIZE THE USEFULNESS OF EXISTING TECHNOLOGY TO MAKE A POSITIVE IMPACT ON PEOPLE'S LIVES, THE COMMUNITY AND THE ENVIRONMENT.

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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 $573,259

Program Service Revenue $90,730

Investment Income $0

Other Revenue $37,601

TOTAL REVENUE $701,590

Expense Breakdown

Grants Paid $141,406

Salaries & Benefits $252,911

Fundraising Expenses $12,625

Program Expenses $565,325

Other Expenses $268,702

TOTAL EXPENSES $663,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,590	$624,671	+0.1%
Expenses	$663,019	$722,580	-0.1%
Net Income	$38,571	$-97,909	-1.4%

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

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

$78,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN ALCHOWIAK	EXECUTIVE DIRECTOR	40.00	Officer	$78,969	$0	$78,969
JOSHUA GEISE	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHANCE WRIGHT	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JUSTIN STEINHARD	TREASURER	4.00	Officer Director	$0	$0	$0
LINDSAY CONNELLY	SECRETARY	4.00	Officer Director	$0	$0	$0
ANDREW FLEMING	FORMER TREASURER	4.00	Officer Director	$0	$0	$0
PATRICK REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMIAH GRYCZKA	BOARD MEMBER	1.00	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	$701,590	$663,019	$267,835	$38,571
2023	$624,671	$722,580	$230,354	$-97,909
2022	$660,916	$751,728	$319,370	$-90,812
2022	$680,808	$703,053	$388,921	$-22,245
2021	$687,095	$316,290	$409,669	$370,805
2020	$219,286	$315,423	$59,276	$-96,137

THE SHORE FOUNDATION