TERRACLEAR FOUNDATION

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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 RICE

Phone

7175001237

Tax Period

2023-01-01 to 2023-12-31

TERRACLEAR FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $534K in total revenue in fiscal year 2023. Revenue surged 1068% from the prior year, signaling strong growth momentum. The organization ran a surplus of $478K, a strong 89% operating margin.

Mission

THE FOUNDATION IS DEDICATED TO ENSURING ACCESS TO CLEAN WATER, SAFEGUARDING CHILD RIGHTS, AND PROTECTING THE ENVIRONMENT. ITS PURPOSE IS TO PROMOTE CHARITABLE, SOCIAL, AND DEVELOPMENT-ORIENTED ACTIVITIES, PARTICULARLY IN SOUTHEAST ASIA.

Program Service Accomplishments

Program 1

Expenses: $55,900

TERRACARE - THIS PROGRAM BRINGS TOGETHER DONORS FROM AROUND THE WORLD TO FUND VOUCHERS FOR POOR AND MARGINALIZED FAMILIES IN SOUTHERN LAOS. THE INITIAL 3-YEAR PROGRAM, BETWEEN 2020 AND 2023, PROVIDED OVER 10,000 WATER FILTERS ALONG WITH COMPREHENSIVE HEALTH AND SANITATION TRAINING. FOLLOWING THE SUCCESS OF THESE FIRST 3 YEARS, TERRACARE NOW TARGETS AN ADDITIONAL 2,400 RECIPIENTS IN 2024 AND 2025.

Program 2

TERRAKIDS - A PROGRAM THAT HOSTS EDUCATIONAL PROGRAMS WITH SUBJECTS LIKE CHILDREN'S RIGHTS, SAFE DRINKING WATER, SANITATION AND HYGIENE. TERRAKIDS PARTNERS WITH DISTRICT EDUCATION MINISTRIES IN LAOS TO IDENTIFY AT-RISK AND NEEDY SCHOOLS. ONCE A SCHOOL HAS BEEN IDENFTIFIED BY THE DEPARTMENT, OUR STAFFSURVEYS THE SCHOOL AND MAKES A PLAN WITH THE SCHOOL TO PLACE WATER FILTERS IN CLASSROOMS AND HOLD A DAY OF EDUCATIONAL PROGRAMS FOR STUDENTS AND TEACHERS.

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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 $534,444

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $534,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,900

Other Expenses $56,766

TOTAL EXPENSES $56,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,444	$45,763	+10.7%
Expenses	$56,766	$6,967	+7.1%
Net Income	$477,678	$38,796	+11.3%

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

Governance

Voting Members

Independent Members

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG CLASSEN	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL RICE	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRYCE ROSZELL	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$534,444	$56,766	$534,242	$477,678