356 FOUNDATION INC (EIN 861949344) - 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

JEFFREY SEDACCA

Phone

3108203040

Tax Period

2024-01-01 to 2024-12-31

356 FOUNDATION INC, founded in 2020, is a micro nonprofit in the Youth Development sector that reported $16K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 60% operating deficit.

Mission

356 FOUNDATION, INC. EXISTS TO PROVIDE TOOLS THAT ENHANCE THE CONFIDENCE AND SKILL-SETS OF AT-RISK YOUTH WHILE EMPOWERING STUDENTS WITH EDUCATIONAL AND OCCUPATIONAL OPPORTUNITIES. THROUGH PROGRAMS AND SERVICES DESIGNED TO ENHANCE CONFIDENCE AND BUILD SKILLS, THIS WILL EMPOWER AT-RISK YOUTH WITH RESOURCES THEY NEED TO THRIVE IN THEIR DAILY LIVES AND CAREERS.

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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 $16,077

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,746

TOTAL EXPENSES $25,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,077	$51,561	-0.7%
Expenses	$25,746	$40,221	-0.4%
Net Income	$-9,669	$11,340	-1.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY SEDACCA	TREASURER	1.00	Officer Director	$0	$0	$0
JACLIN MILLER	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
ALEXIS SEDACCA	BOARD MEMBER	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	$16,077	$25,746	$789,411	$-9,669
2023	$51,561	$40,221	$799,080	$11,340
2022	$43,500	$26,351	$797,028	$17,149
2021	$20,500	$16,746	$778,681	$3,754
2020	$770,000	$3,163	$770,000	$766,837

356 FOUNDATION INC