Trace Bulger Foundation Corp (EIN 844605405) - 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

2020

Legal Domicile

Principal Officer

Daniel Bulger

Phone

3176942504

Tax Period

2020-01-01 to 2020-12-31

Trace Bulger Foundation Corp, founded in 2020, is a micro nonprofit in the Health Care sector that reported $41K in total revenue in fiscal year 2020. The organization ran a surplus of $19K, a strong 46% operating margin.

Mission

Trace suffered from undiagnosed neurological issues. In an effort to assist onthers in similar situations, the foundation will work with Indiana University Neuroscience Center Art Therapy program. Indiana University Health Neuroscience Center has partnered with Herron School of Art and Design to facilitate healing through creativity. The Indiana University School of Medicine sees serious cases where people suffer from ALS, Parkinson's and other brain disorders. Many of the patients have unmet needs. There is a large group of patients who have significant components of stress, depression, anxiety, mood, fear existential challenges and questions that medication and conventional management does not address. To address these challenges doctors work with the Herron School of Art and Design to create an art therapy program. The doctors continue to develop clinical care and research. One of the doctors co-authored with Indiana University Purdue University Indianapolis professors and art thera

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,785

Program Service Revenue $15,275

Investment Income $0

Other Revenue $17,334

TOTAL REVENUE $41,394

Expense Breakdown

Grants Paid $20,950

Salaries & Benefits $0

Fundraising Expenses $265

Program Expenses $21,070

Other Expenses $1,241

TOTAL EXPENSES $22,191

Year-over-Year Comparison

	2020	2019	Change
Revenue	$41,394	N/A	N/A
Expenses	$22,191	N/A	N/A
Net Income	$19,203	N/A	N/A

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Daniel Bulger	Director	Director	$0	$0	$0
Amy Bulger	Director	Director	$0	$0	$0
Kevin Bulger	Director	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
2020	$41,394	$22,191	$19,203	$19,203

Trace Bulger Foundation Corp