BELIEVE FOUNDATION (EIN 830545356) - 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

CLARK GASSEN

Phone

6125646930

Tax Period

2025-01-01 to 2025-12-31

BELIEVE FOUNDATION, founded in 2018, is a micro nonprofit in the Human Services sector that reported $55K in total revenue in fiscal year 2025. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 1950% operating deficit.

Mission

THE BELIEVE FOUNDATION PROVIDES FINANCIAL SUPPORT AND ONGOING GRIEF SUPPORT RESOURCES TO GRIEVING FAMILIES IN MN FACING HARDSHIP AFTER THE DEATH OF THEIR CHILD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $46,881

Program Service Revenue $0

Investment Income $8,089

Other Revenue $0

TOTAL REVENUE $54,970

Expense Breakdown

Grants Paid $1,115,559

Salaries & Benefits $1,650

Fundraising Expenses $0

Program Expenses $1,115,559

Other Expenses $9,932

TOTAL EXPENSES $1,127,141

Year-over-Year Comparison

	2025	2024	Change
Revenue	$54,970	$532,986	-0.9%
Expenses	$1,127,141	$385,320	+1.9%
Net Income	$-1,072,171	$147,666	-8.3%

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
CLARK GASSEN	PRESIDENT/CHAIR	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
2025	$54,970	$1,127,141	$10,819	$-1,072,171
2024	$532,986	$385,320	$1,060,637	$147,666
2023	$618,706	$382,053	$857,311	$236,653
2022	$537,794	$353,249	$550,685	$184,545
2021	$327,896	$212,209	$432,247	$115,687
2020	$336,647	$146,790	$349,875	$189,857
2019	$282,408	$127,390	$169,210	$155,018
2019	$282,408	$127,390	$169,210	$155,018

BELIEVE FOUNDATION