THE BITTER END FOUNDATION INC

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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

RICHARD HOKIN

Phone

2036558735

Tax Period

2022-01-01 to 2022-12-31

THE BITTER END FOUNDATION INC, founded in 2018, is a micro nonprofit in the International Affairs sector that reported $7K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 642% operating deficit.

Mission

THE FOUNDATION IS COMMITTED STEWARDS OF OUR PLANET'S OCEANS. THE FOUNDATION SUPPORTS THE CONTINUED SUCCESS, UNIQUE NEEDS, AND WELLBEING OF SEASIDE COMMUNITIES BY PROVIDING IN-KIND, FINANCIAL AND EDUCATIONAL SUPPORT, PROTECTING SEA LIFE, UNDERSEA AND SURROUNDING HABITATS, AND ENCOURAGING CONSERVATION EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $12,000

THE FOUNDATION PROVIDED A GRANT TO UNITE BVI FOUNDATION (A BRITISH VIRGIN ISLANDS NON PROFIT ORGANIZATION) TO SUPPORT THE WORK TO COMBAT THE STONY CORAL TISSUE LOSS DISEASE IN THE BRITISH VIRGIN...

THE FOUNDATION PROVIDED A GRANT TO UNITE BVI FOUNDATION (A BRITISH VIRGIN ISLANDS NON PROFIT ORGANIZATION) TO SUPPORT THE WORK TO COMBAT THE STONY CORAL TISSUE LOSS DISEASE IN THE BRITISH VIRGIN ISLANDS.

Program 2

Expenses: $40,000

THE FOUNDATION PLEDGED A DONATION IN THE AMOUNT OF $40,000 TO VISAR (VIRGIN ISLAND SEARCH AND RESCUSE) TO BE APPLIED TO RESCUE VESSELS. VISAR'S RESCUE VESSELS ARE FULLY OUTFITTED WITH THE LATEST...

THE FOUNDATION PLEDGED A DONATION IN THE AMOUNT OF $40,000 TO VISAR (VIRGIN ISLAND SEARCH AND RESCUSE) TO BE APPLIED TO RESCUE VESSELS. VISAR'S RESCUE VESSELS ARE FULLY OUTFITTED WITH THE LATEST MEDICAL, VESSEL SAFETY, SEARCH AND RESCUE EQUIPMENT, AND COMMUNICATION DEVICES.

Program 3

Expenses: $2,000

THE BITTER END FOUNDATION PROVIDED THE FUNDING FOR EACH GRADUATING STUDENTS E-BOOK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,750

Program Service Revenue $0

Investment Income $552

Other Revenue $0

TOTAL REVENUE $7,302

Expense Breakdown

Grants Paid $54,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,000

Other Expenses $192

TOTAL EXPENSES $54,192

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,302	$11,862	-0.4%
Expenses	$54,192	$54,914	0.0%
Net Income	$-46,890	$-43,052	+0.1%

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

N/A

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
RICHARD HOKIN	PRESIDENT	4.00	Director	$0	$0	$0
LAUREN HOKIN	SECRETARY & TREASURER	8.00	Director	$0	$0	$0
KERRI JAFFE	DIRECTOR	6.00	Director	$0	$0	$0
CHARLES RAYMOND	DIRECTOR	4.00	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
2022	$7,302	$54,192	$96,892	$-46,890
2021	$11,862	$54,914	$149,477	$-43,052
2020	$23,335	$101,443	$193,774	$-78,108
2019	$258,091	$6,200	$273,111	$251,891
2018	$39,080	$18,555	$22,595	$20,525