CAN FOUNDATION (EIN 842245056) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

HEMADRI MODI

Tax Period

2023-01-01 to 2023-12-31

CAN FOUNDATION, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $296K exceeded revenue, resulting in a 10% operating deficit.

Mission

Advance arts education and its role in innovation through integrative educational programs publications exhibitions research for benefit of general public

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,300

Program Service Revenue $228,191

Investment Income $0

Other Revenue $0

TOTAL REVENUE $268,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,615

Other Expenses $296,168

TOTAL EXPENSES $296,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,491	$125,899	+1.1%
Expenses	$296,168	$82,729	+2.6%
Net Income	$-27,677	$43,170	-1.6%

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

N/A

Employees

N/A

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

$620

Total Directors

$620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LUONG	CHAIRMAN	15	Officer Director	$0	$0	$0
BRITANY HALL	VICE CHAIRMAN	15	Officer Director	$0	$0	$0
H ABDURRAHIM	BOARD MEMBER	15	Director	$0	$0	$0
HEMADRI MODI	TREASURER	15	Officer Director	$620	$0	$620
D HARRELL	BOARD MEMBER	15	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	No data	No data	No data	No data
2023	$268,491	$296,168	$6,687	$-27,677

CAN FOUNDATION