Frank Knight Foundation

EIN: 832654252 501(c)(3) Environment

Yarmouth, ME

Total Revenue
$35,025
Total Expenses
$21,554
Total Assets
$19,368
Net Assets
$19,368
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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
2019
Legal Domicile
ME
Principal Officer
Rebecca Rundquist
Phone
2077126430
Tax Period
2023-07-01 to 2024-06-30

Frank Knight Foundation, founded in 2019, is a micro nonprofit in the Environment sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 38% operating margin.

Mission

The foundations mission is to ignite the scientific, spiritual and societal aspects of learning about trees in the town where people live.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,325
Program Service Revenue $0
Investment Income $0
Other Revenue $700
TOTAL REVENUE $35,025

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,554
Other Expenses $19,554
TOTAL EXPENSES $21,554

Year-over-Year Comparison

2023 2022 Change
Revenue $35,025 $81,055 -0.6%
Expenses $21,554 $110,473 -0.8%
Net Income $13,471 $-29,418 -1.5%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shane Duigan President 003.00
Officer Director
$0 $0 $0
Carrie Magee Sargeant Secretary 003.00
Officer Director
$0 $0 $0
Josephine Power Treasurer 003.00
Officer Director
$0 $0 $0
Rebecca Rundquist Executive Director 010.00
Director
$0 $0 $0
Jennifer Grimm Board Member 001.00
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
2024 $35,025 $21,554 $19,368 $13,471
2023 $81,055 $110,473 $13,907 $-29,418
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