ABACO FOUNDATION (EIN 843417263) - 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

JOHN PINDER

Phone

4079268710

Tax Period

2023-01-01 to 2023-12-31

ABACO FOUNDATION, founded in 2019, is a micro nonprofit in the Public Safety sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 367% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY DEVELOPMENT SERVICES FOR CHARITABLE PURPOSES OF DISASTER RELIEF, RECONSTRUCTION AND GENERAL IMPROVEMENT IN THE ABACO ISLANDS, BAHAMAS.

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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 $23,300

Program Service Revenue $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $23,331

Expense Breakdown

Grants Paid $11,360

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,410

Other Expenses $97,655

TOTAL EXPENSES $109,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,331	$82,656	-0.7%
Expenses	$109,015	$234,102	-0.5%
Net Income	$-85,684	$-151,446	-0.4%

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

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
PATTI LOVE	DIRECTOR	0.50	Officer Director	$0	$0	$0
FARON NEWBOLD	VICE PRESIDE	0.50	Director	$0	$0	$0
JOHN PINDER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DOUG PLOURDE	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN THOMPSON	DIRECTOR	0.50	Officer Director	$0	$0	$0
JULIZA GONZALEZ	TREASURER	0.05	Officer	$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
2023	$23,331	$109,015	$3,376	$-85,684
2022	$82,656	$234,102	$89,060	$-151,446
2021	$315,990	$314,054	$240,506	$1,936
2020	$989,206	$1,131,004	$238,570	$-141,798
2019	$407,243	$26,875	$380,368	$380,368

ABACO FOUNDATION