BUILDING ON A FIRM FOUNDATION INC (EIN 831996015) - 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

KAREN J JONAS

Phone

4042520100

Tax Period

2024-01-01 to 2024-12-31

BUILDING ON A FIRM FOUNDATION INC, founded in 2018, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 378% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 92% operating margin.

Mission

TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NCCF.

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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 $165,000

Program Service Revenue $0

Investment Income $3,008,073

Other Revenue $0

TOTAL REVENUE $3,173,073

Expense Breakdown

Grants Paid $30,816

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,551

Other Expenses $222,570

TOTAL EXPENSES $253,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,173,073	$664,236	+3.8%
Expenses	$253,386	$164,614	+0.5%
Net Income	$2,919,687	$499,622	+4.8%

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

$266,693

Total Directors

$713,795

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SWAIN	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MARY SWAIN	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
DANA E RING	TREASURER/(PART YEAR) DIRECTOR	1.00	Officer Director	$0	$29,331	$266,693
JOESPH DANIEL GLAZE	DIRECTOR	1.00	Director	$0	$33,180	$224,523
MIKE HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN J JONAS	(PART YEAR) DIRECTOR	1.00	Director	$0	$21,791	$222,579
KELLY G SHEPARD	FORMER TREASURER/DIRECTOR	0.00		$0	$26,758	$111,955

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	No data	No data	No data	No data
2024	$3,173,073	$253,386	$29,705,344	$2,919,687
2023	$664,236	$164,614	$25,838,486	$499,622
2022	$977,061	$161,702	$21,964,861	$815,359
2021	$1,155,995	$1,133,289	$23,447,784	$22,706
2020	$382,240	$85,518	$19,171,431	$296,722

BUILDING ON A FIRM FOUNDATION INC