The Balam 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

2021

Legal Domicile

Principal Officer

Phaedra Barratt President

Phone

3058561802

Tax Period

2024-01-01 to 2024-12-31

The Balam Foundation Inc, founded in 2021, is a small nonprofit in the Animal-Related sector that reported $776K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $298K, a strong 38% operating margin.

Mission

Aims to improve the well-being of animals, especially cats. Provides trap/neuter/release programs, sterilization clinics, veterinary care, boarding care, and adoption services, including transportation to new homes.

Program Service Accomplishments

Program 1

Expenses: $205,620

Animal care and fostering: Animals are rescued, rehabilitated, and cared for until suitable families can be found, or animals can be sterlized and released.

Program 2

Expenses: $90,852

Sterilizations. 2921 Animals total (748 dogs, 2173 cats) through community events and dedicated trape/neuter/release programs. Cats which are released provide free rodent control for the community...

Sterilizations. 2921 Animals total (748 dogs, 2173 cats) through community events and dedicated trape/neuter/release programs. Cats which are released provide free rodent control for the community. In addition to feral cats, The Balam Foundation assists impoverished families with sterilizations of their dogs and cats.

Program 3

Expenses: $81,605

Adoptions: During 2023, 144 dogs and cats were fostered until suitable adoptive owners could be found in the USA and Canada.

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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 (2024)

Revenue Breakdown

Contributions & Grants $776,079

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $776,079

Expense Breakdown

Grants Paid $1,335

Salaries & Benefits $55,952

Fundraising Expenses $30,184

Program Expenses $422,348

Other Expenses $420,897

TOTAL EXPENSES $478,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$776,079	$358,994	+1.2%
Expenses	$478,184	$358,718	+0.3%
Net Income	$297,895	$276	+1078.3%

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

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
Phaedra Barratt	President	70.00	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	$776,079	$478,184	$406,526	$297,895
2023	$358,994	$358,718	$101,295	$276
2022	$221,718	$167,313	$100,509	$54,405