ADAMS BALDWIN COVEY FOUNDATION INC (EIN 862547049) - 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

2021

Legal Domicile

Principal Officer

PHILLIP KLINE

Phone

4342916111

Tax Period

2023-01-01 to 2023-12-31

ADAMS BALDWIN COVEY FOUNDATION INC, founded in 2021, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 20% operating deficit.

Mission

FUNDED RESEARCH REGARDING INFORMATION ON CURRENT STATE ELECTION PRACTICES TO CREATE A BEST PRACTICES CURRICULUM AND MODEL FOR SAFE, TRANSPARENT AND INCLUSIVE MODERN ELECTIONS.

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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 $209,841

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $209,841

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,865

Other Expenses $165,960

TOTAL EXPENSES $250,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,841	$305,872	-0.3%
Expenses	$250,960	$251,636	0.0%
Net Income	$-41,119	$54,236	-1.8%

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

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
PHILLIP KLINE	PRESIDENT	20.00	Officer Director	$0	$0	$0
DEBORAH KLINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE TIMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEN KRULL	TREASURER	20.00	Officer Director	$0	$0	$0
KYLE KRULL	BOARD MEMBER	1.00	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
2023	$209,841	$250,960	$153,530	$-41,119
2022	$305,872	$251,636	$194,649	$54,236
2021	$498,104	$357,691	$140,413	$140,413

ADAMS BALDWIN COVEY FOUNDATION INC