HANDY FOUNDATION CORPORATION (EIN 851588573) - 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

RIKARLO HANDY

Phone

8053914973

Tax Period

2023-01-01 to 2023-12-31

HANDY FOUNDATION CORPORATION, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $565K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $535K left a modest 5% surplus.

Mission

TRAINING, MENTORING AND PLACEMENT INITIATIVES FOR UNDEREPRESENTED OR DISADVANTAGED INDIVIDUALS WITH EMPHASIS ON THE FILM AND TELEVISION INDUSTRIES.

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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 $340,498

Program Service Revenue $224,933

Investment Income $0

Other Revenue $0

TOTAL REVENUE $565,431

Expense Breakdown

Grants Paid $10,487

Salaries & Benefits $196,441

Fundraising Expenses $90,465

Program Expenses $193,548

Other Expenses $328,026

TOTAL EXPENSES $535,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$565,431	$288,679	+1.0%
Expenses	$535,404	$272,981	+1.0%
Net Income	$30,027	$15,698	+0.9%

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

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PLURIA MARSHALL JR	DIRECTOR	20.00	Director	$0	$25,000	$25,000
SUNWISE MEDIA INC	DIRECTOR	30.00	Director	$0	$45,000	$45,000
CHARZILLA INC	DIRECTOR	25.00	Director	$0	$35,000	$35,000

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	$565,431	$535,404	$85,298	$30,027
2022	$288,679	$272,981	$71,559	$15,698
2021	$257,701	$218,087	$41,994	$39,614

HANDY FOUNDATION CORPORATION