BOWSPRIT FOUNDATION (EIN 842824905) - 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

2019

Principal Officer

FRANK PITCHER

Phone

2078120632

Tax Period

2023-01-01 to 2023-12-31

BOWSPRIT FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $272K in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 79% operating margin.

Mission

CREATING OPPORTUNITIES FOR YOUTH-IN-NEED TO GAIN PRACTICAL-SKILLS EXPERIENCE IN AGRICULTURE, FORESTRY, FOOD PREPARATION, AND TRADITIONAL CRAFTS. INSPIRED BY RUDOLF STEINER'S PEDAGOGY, OUR PROGRAMS AIM TO ASSIST YOUNG ADULTS IN DEVELOPING SKILLS FOR INDEPENDENCE, A CAPACITY TO CONTRIBUTE TO THE COMMUNITY, AND A SENSE OF SELF-WORTH AND HOPEFULNESS FOR THEIR FUTURE.

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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 $262,066

Program Service Revenue $8,020

Investment Income $2,382

Other Revenue $0

TOTAL REVENUE $272,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,009

Other Expenses $56,883

TOTAL EXPENSES $56,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,468	$267,714	+0.0%
Expenses	$56,883	$25,337	+1.2%
Net Income	$215,585	$242,377	-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
PETER BRADY	DIRECTOR	N/A	Officer Director	$0	$0	$0
GRAZIELLA CERVI	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JEDEDIAH KRIEGEL	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL MACPHEE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
FRANK PITCHER	CHAIR	N/A	Officer Director	$0	$0	$0
JOHN STEED	DIRECTOR	N/A	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	$272,468	$56,883	$588,528	$215,585
2022	$267,714	$25,337	$381,269	$242,377

BOWSPRIT FOUNDATION