THE FOUNDRY CONSORTIUM INC (EIN 843303528) - 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

Legal Domicile

Principal Officer

DIANA NAVARRETE-RACKAUCKAS

Phone

8572426414

Tax Period

2023-07-01 to 2024-06-30

THE FOUNDRY CONSORTIUM INC, founded in 2019, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $965K left a modest 10% surplus.

Mission

THE FOUNDRY IS AN ADAPTIVE REUSE PROJECT TO BUILD A SELF-SUSTAINING CENTER FOR CREATIVITY AND COLLABORATION FOR THE CAMBRIDGE COMMUNITY. AT THE INTERSECTION OF THE KENDALL SQUARE INNOVATION DISTRICT AND THE EAST CAMBRIDGE NEIGHBORHOOD, THE FOUNDRY BUILDING PROVIDES SPACE AND PROGRAMS FOR THE VISUAL AND PERFORMING ARTS, ENTREPRENEURSHIP, TECHNOLOGY, AND WORKFORCE EDUCATION WITHIN ITS HISTORIC, INDUSTRIAL SETTING. THE FOUNDRY FACILITATES ACCESS FOR RESIDENTS, ESPECIALLY UNDERREPRESENTED COMMUNITIES AND ADJACENT NEIGHBORHOODS, TO THE DYNAMIC WORKING AND LEARNING ENVIRONMENT OF KENDALL SQUARE.

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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 $148,383

Program Service Revenue $925,859

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,074,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,142

Fundraising Expenses $42,961

Program Expenses $599,811

Other Expenses $404,195

TOTAL EXPENSES $965,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,074,242	$1,036,463	+0.0%
Expenses	$965,337	$969,596	0.0%
Net Income	$108,905	$66,867	+0.6%

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

Employees

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

$146,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana Navarrete-Rackauckas	Executive Director	40.0	Director	$124,962	$21,987	$146,949
Stephanie Couch	President	1.0	Officer Director	$0	$0	$0
Phyllis Bretholtz	Director	1.0	Director	$0	$0	$0
Selvin Chambers	President & Treasurer	1.0	Officer Director	$0	$0	$0
Joyce Chen	Secretary	1.0	Officer Director	$0	$0	$0
Peter Crawley	Director	1.0	Director	$0	$0	$0
Ron Peeples	Director	1.0	Director	$0	$0	$0
Betsy Bard	Director	1.0	Director	$0	$0	$0
Kellyanne Mahoney	Vice President	1.0	Officer Director	$0	$0	$0
Matt Meyersohn	Director	1.0	Director	$0	$0	$0
Polly Carpenter	Director	1.0	Director	$0	$0	$0
Emmanuella FDE	Director	1.0	Director	$0	$0	$0
Janos Stone	Director	1.0	Director	$0	$0	$0
Michael A Shia	Director	1.0	Director	$0	$0	$0
Carlos Lopez	Director	1.0	Director	$0	$0	$0
Kim Walker-Chin	Director	1.0	Director	$0	$0	$0
Khari Milner	Director	1.0	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
2025	No data	No data	No data	No data
2024	$1,074,242	$965,337	$223,039	$108,905
2023	$1,036,463	$969,596	$109,136	$66,867
2022	$172,300	$192,263	$24,067	$-19,963

THE FOUNDRY CONSORTIUM INC