THE ARBUTUS FOUNDATION INC (EIN 831802347) - 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

DAVID BYRNE

Phone

2122552408

Tax Period

2024-01-01 to 2024-12-31

THE ARBUTUS FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $925K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $149K, a strong 16% operating margin.

Mission

THE ARBUTUS FOUNDATION, INC. DEVELOPS AND PRODUCES PROJECTS AT THE (CON'T ON SCHEDULE O) INTERSECTION OF SOCIAL, CULTURAL, SCIENTIFIC AND TECHNOLOGICAL FIELDS. ITS LEAD PROJECT IS REASONS TO BE CHEERFUL, AN ONLINE SOLUTIONS JOURNALISM MAGAZINE.

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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 $796,528

Program Service Revenue $125,800

Investment Income $0

Other Revenue $2,457

TOTAL REVENUE $924,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,769

Fundraising Expenses $75,441

Program Expenses $475,760

Other Expenses $711,239

TOTAL EXPENSES $776,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$924,785	$849,038	+0.1%
Expenses	$776,008	$725,239	+0.1%
Net Income	$148,777	$123,799	+0.2%

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

$61,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BYRNE	PRESIDENT	10.00	Officer Director	$0	$0	$0
KAREN WONG	TREASURER	0.25	Officer Director	$0	$0	$0
MALUE ABENI BYRNE	SECRETARY	0.25	Officer Director	$0	$0	$0
ABIGAIL DISNEY	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA FAULKNER STARTED 624	EXECUTIVE DIRECTOR	29.00	Officer	$33,462	$0	$33,462
EMILY SIMONESS FM 124 TO 324	EXECUTIVE DIRECTOR	29.00	Officer	$28,000	$0	$28,000

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	$924,785	$776,008	$508,685	$148,777
2023	$849,038	$725,239	$237,565	$123,799
2022	$900,035	$812,912	$291,122	$87,123
2021	$238,356	$406,017	$23,201	$-167,661
2020	$464,737	$500,253	$137,314	$-35,516

THE ARBUTUS FOUNDATION INC