SORSBY FOUNDATION

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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

Phone

3125449870

Tax Period

2024-07-01 to 2025-06-30

SORSBY FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $318K in total revenue in fiscal year 2024. Expenses of $375K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDING YOUTH CHESS LESSONS ON AND OFF THE BOARD

Program Service Accomplishments

Program 1

Expenses: $263,813

WE PROVIDE CHESS LESSONS AND CHESS TOURNAMENTS FOR YOUTH AND YOUNG ADULTS. WE ALSO PROVIDE WORKFORCE AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR YOUNG ADULTS WHO ARE ASPIRING CHESS COACHES.

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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 $106,730

Program Service Revenue $211,380

Investment Income $1

Other Revenue $0

TOTAL REVENUE $318,111

Expense Breakdown

Grants Paid $353

Salaries & Benefits $136,449

Fundraising Expenses $0

Program Expenses $263,813

Other Expenses $238,349

TOTAL EXPENSES $375,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,111	$324,812	0.0%
Expenses	$375,151	$279,880	+0.3%
Net Income	$-57,040	$44,932	-2.3%

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

Volunteers

113

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

$77,539

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SHAWN SORSBY	SECRETARY	Director Highest	$77,539	$0	$77,539
CHANDIA SORSBY	CHAIR	Officer Director	$0	$0	$0
SHRONDA SMITH	MEMBER	Director	$0	$0	$0
DANGLE MARTIN	VICE CHAIR	Officer Director	$0	$0	$0
JENS UMEHAG	TREASURER	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
2025	$318,111	$375,151	$21,195	$-57,040
2024	$324,812	$279,880	$60,945	$44,932
2022	$117,114	$105,411	$11,703	$11,703