The Balam Foundation Inc

EIN: 861253093 501(c)(3) Animal-Related

Miami, FL

Total Revenue
$776,079
Total Expenses
$478,184
Total Assets
$406,526
Net Assets
$396,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
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.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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