NATURAL STATE LTD (EIN 850544797) - 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

Jonathan Baillie

Phone

2316700974

Tax Period

2023-01-01 to 2023-12-31

NATURAL STATE LTD, founded in 2020, is a community nonprofit in the Environment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

NATURAL STATE impact monitoring technology is the industry standardImpact monitoring for species, ecosystems, carbon and development is efficient, cost-effective and robustThere is a sustainable business model for large-scale protection and restoration projectsThe leadership and capacity is in place to run large-scale restoration projects

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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 $2,023,027

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,023,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,531

Fundraising Expenses $853,856

Program Expenses $1,448,459

Other Expenses $2,298,570

TOTAL EXPENSES $2,471,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,023,027	$5,478,978	-0.6%
Expenses	$2,471,101	$1,720,122	+0.4%
Net Income	$-448,074	$3,758,856	-1.1%

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

$159,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN E BAILLIE	President	40.00	Director	$159,375	$0	$159,375
Ba	President	40.00	Director	$0	$0	$0
Art Min	Director	20.00	Director	$0	$0	$0
Beatrice Karanja	Director	20.00	Director	$0	$0	$0
Corey Hajim	Director	20.00	Director	$0	$0	$0
Namrita Kapur	Director	20.00	Director	$0	$0	$0
Tom Lalampaa	Director	20.00	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
2023	$2,023,027	$2,471,101	$4,259,082	$-448,074
2022	$5,478,978	$1,720,122	$4,482,300	$3,758,856
2021	$989,970	$281,915	$750,714	$708,055

NATURAL STATE LTD