LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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. THE 356 FOUNDATION, INC. IS INVOLVED IN HISTORIC PRESERVATION OF CLASSIC ANTIQUE VEHICLES TO BE EXHIBITED AT VARIOUS MUSEUMS FOR THE BENEFIT OF FREE PUBLIC VIEWING.
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION...
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. MORE PARTICULARLY, BUT WITHOUT LIMITATION, THE PURPOSES OF THIS CORPORATION IS TO PROVIDE EDUCATION AND MENTORING TO UNDERSERVED YOUTH IN THE RESTORATION OF CLASSIC CARS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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