CHASE BJORK FOUNDATION INC

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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

2020

Legal Domicile

Principal Officer

DAVID BJORK

Phone

6174134889

Tax Period

2022-01-01 to 2022-12-31

CHASE BJORK FOUNDATION INC, founded in 2020, is a small nonprofit in the Mental Health sector that reported $219K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $347K exceeded revenue, resulting in a 59% operating deficit.

Mission

THE MISSION IS TO EMPOWER ADOLESCENTS, FAMILIES, AND COMMUNITIES IN LEARNING ABOUT, DISCUSSING AND TAKING ACTION ON BRAIN HEALTH.

Program Service Accomplishments

Program 1

Expenses: $321,642

WE DEVELOP AND DISTRIBUTE BRAIN HEALTH RESOURCES FOR ADOLESCENTS AND THEIR FAMILIES TO PROMOTE EDUCATION AND AWARENESS, PRE-CRISIS

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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 (2022)

Revenue Breakdown

Contributions & Grants $218,517

Program Service Revenue $0

Investment Income $0

Other Revenue $133

TOTAL REVENUE $218,650

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $34

Program Expenses $321,642

Other Expenses $272,245

TOTAL EXPENSES $347,245

Year-over-Year Comparison

	2022	2021	Change
Revenue	$218,650	$244,695	-0.1%
Expenses	$347,245	$146,908	+1.4%
Net Income	$-128,595	$97,787	-2.3%

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
BRYCE BJORK	CLERK	10.00	Officer Director	$0	$0	$0
CHRISTAL BJORK	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID BJORK	PRESIDENT	10.00	Officer 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
2022	$218,650	$347,245	$29,091	$-128,595
2021	$244,695	$146,908	$158,570	$97,787