Fountain Project Foundation Inc

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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

2006

Legal Domicile

Principal Officer

Loc Huynh

Phone

5105241057

Tax Period

2023-01-01 to 2023-12-31

Fountain Project Foundation Inc, founded in 2006, is a small nonprofit in the Health Care sector that reported $312K in total revenue in fiscal year 2023. Revenue surged 311% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 87% operating margin.

Mission

FIRST ACCOMPLISHMENT PROVIDE MEDICAL CARE TO THOSE WHO ARE UNABLE TO AFFORD HEALTH CARE, NOR HAVE INSURANCE. WE TREAT A COMMUNITY OF 300 PEOPLE EVERY QUARTER AND DO FUNDRAISING TO CONTINUE AND BUILD AND RETREAT CENTER WITH MEDICAL CENTER AND MUSEUM FOR THOSE CHARGING ON SLIDING.

Program Service Accomplishments

Program 1

Expenses: $41,982

FIRST ACCOMPLISHMENT PROVIDE MEDICAL CARE TO THOSE WHO ARE UNABLE TO AFFORD HEALTH CARE, NOR HAVE INSURANCE. WE TREAT A COMMUNITY OF 300 PEOPLE EVERY QUARTER AND BUILD AND RETREAT CENTER WITH MEDICAL CENTER AND MUSEUM FOR THOSE CHARGING ON SLIDING SCALE TO HEALTH THE MIND, BODY AND SPIRIT. WE ARE VOLUNTEERS.

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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 $326,308

Program Service Revenue $0

Investment Income $-22,300

Other Revenue $7,639

TOTAL REVENUE $311,647

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $13,678

Fundraising Expenses $0

Program Expenses $41,982

Other Expenses $24,304

TOTAL EXPENSES $41,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,647	$75,801	+3.1%
Expenses	$41,982	$45,290	-0.1%
Net Income	$269,665	$30,511	+7.8%

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
Loc Huynh	Chairman	1.50	Officer Director	$0	$0	$0
RENETA DAVIS	Secretary	1.50	Officer Director	$0	$0	$0
Lucinda Bazile	Board Member	1.25	Officer Director	$0	$0	$0
DIANE LEE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MICHAEL CHUNG	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
PEGGY DEY	BOARD MEMBER	1.50	Officer Director	$0	$0	$0
YANNY CHAVARRIA	BOARD MEMBER	2.50	Officer Director	$0	$0	$0
ERLENE CHIANG	Board Member	3.00	Officer Director	$0	$0	$0
Ivy Shen	BOARD MEMBER	1.50	Officer Director	$0	$0	$0
ANNE SMITH	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
Judy Gillespie	President	1.50	Officer	$0	$0	$0
Ann Larson	Vice President	2.50	Officer	$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	$311,647	$41,982	$919,047	$269,665
2022	$75,801	$45,290	$621,100	$30,511
2020	$59,009	$49,690	$579,891	$9,319
2019	$73,490	$28,655	$570,572	$44,835
2018	$47,502	$22,697	$525,737	$24,805