SIMPLAR FOUNDATION (EIN 824477408) - 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

JAKE SMITHWICK

Phone

9287130501

Tax Period

2024-01-01 to 2024-12-31

SIMPLAR FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $654K in total revenue in fiscal year 2024. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 31% operating margin.

Mission

TO PRODUCE MEANINGFUL RESEARCH FINDINGS THAT ARE USABLE BY AS MANY PEOPLE (CONTINUED ON SCHEDULE O) AS POSSBILE TO HELP BRING POSITIVE AND LASTING IMPROVEMENT IN ORGANIZATIONAL EFFICIENCY AND COMPLEX SUPPLY CHAINS.

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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 $644,557

Program Service Revenue $0

Investment Income $7,712

Other Revenue $2,086

TOTAL REVENUE $654,355

Expense Breakdown

Grants Paid $164,738

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $438,060

Other Expenses $283,793

TOTAL EXPENSES $448,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$654,355	$267,336	+1.4%
Expenses	$448,531	$416,672	+0.1%
Net Income	$205,824	$-149,336	-2.4%

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

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
BRIAN STONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
JAKE SMITHWICK	SECRETARY	1.50	Officer Director	$0	$0	$0
BRIAN LINES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SELL	DIRECTOR	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	$654,355	$448,531	$688,975	$205,824
2023	$267,336	$416,672	$482,911	$-149,336
2022	$217,873	$227,175	$632,177	$-9,302
2021	$309,429	$281,371	$642,018	$28,058
2020	$398,722	$333,307	$621,319	$65,415
2019	$420,874	$143,685	$555,443	$277,189
2018	$301,001	$19,397	$281,604	$281,604

SIMPLAR FOUNDATION