CHASE BJORK FOUNDATION INC

EIN: 844545620 501(c)(3) Mental Health

CONCORD, MA

Total Revenue
$218,650
Total Expenses
$347,245
Total Assets
$29,091
Net Assets
$22,325
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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
MA
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

WE ARE ON A MISSION TO EMPOWER ADOLESCENTS, FAMILIES, AND COMMUNITIES IN LEARNING ABOUT, DISCUSSING AND TAKING ACTION ON BRAIN HEALTH.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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