CAN FOUNDATION

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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

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 AND RESEARCH FOR THE BENEFIT OF THE GENERAL PUBLIC

Program Service Accomplishments

Program 1

Expenses: $214,046 Revenue: $174,560

CAN FESTIVAL 360 PATRONS FEATURED TALENTS HELD IN VARIOUS SPACES FROM

Program 2

Expenses: $21,169

FALLOWEEN THAT SHOWCASED TALENT FROM HRDS AND BEYOND 120 PREFORMERS

Program 3

Expenses: $3,400 Revenue: $20,373

ANNUAL GALA AND AUCTION TOTAL ATTENDEES 250

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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 (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