SKILLPOINTE FOUNDATION (EIN 851384690) - 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

ALVIN TOWNLEY

Phone

4046806008

Tax Period

2023-01-01 to 2023-12-31

SKILLPOINTE FOUNDATION, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 28% operating margin.

Mission

The SkillPointe Foundation works with partners to provide scholarships for skills training to individuals of all backgrounds pursuing high-demand careers.

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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 $1,317,679

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $1,317,686

Expense Breakdown

Grants Paid $671,900

Salaries & Benefits $159,733

Fundraising Expenses $83,292

Program Expenses $797,820

Other Expenses $118,260

TOTAL EXPENSES $949,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,317,686	$549,255	+1.4%
Expenses	$949,893	$381,904	+1.5%
Net Income	$367,793	$167,351	+1.2%

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

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

$149,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN TOWNLEY	Executive Director	40.0	Officer	$138,995	$10,847	$149,842
LAURA PETRUCCI	BOARD CHAIR	3.0	Director	$0	$0	$0
JAMES MYLETT	BOARD MEMBER	1.0	Director	$0	$0	$0
MATTHEW MCKENNA	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM RUNCIE	BOARD MEMBER	1.0	Director	$0	$0	$0
CASEY SACKS PHD	BOARD MEMBER	1.0	Director	$0	$0	$0
HAL LOGAN	BOARD MEMBER	1.0	Director	$0	$0	$0
NED MCCULLOCH	BOARD MEMBER	1.0	Director	$0	$0	$0
KEITH PERRY	Finance Committee Chair	1.0	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
2024	No data	No data	No data	No data
2023	$1,317,686	$949,893	$954,789	$367,793
2022	$549,255	$381,904	$586,996	$167,351
2021	$579,786	$191,503	$419,645	$388,283

SKILLPOINTE FOUNDATION