THE SHARON FOUNDATION (EIN 863815687) - 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

ANGELA RIGSBEE

Phone

7045531670

Tax Period

2023-01-01 to 2023-12-31

THE SHARON FOUNDATION, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 92% operating margin.

Mission

THE FOUNDATION PROVISION OF GOODS, SERVICES, OR FUNDS IS LIMITED TO SHARON TOWERS AND ITS RESIDENTS.

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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 $1,000,200

Program Service Revenue $0

Investment Income $105,195

Other Revenue $0

TOTAL REVENUE $1,105,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,820

Fundraising Expenses $6,780

Program Expenses $78,820

Other Expenses $6,780

TOTAL EXPENSES $85,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,105,395	$1,030,310	+0.1%
Expenses	$85,600	$102,500	-0.2%
Net Income	$1,019,795	$927,810	+0.1%

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

$550,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NED MCCONNELL	CHAIR	1.00	Officer Director	$0	$0	$0
VINCENT PRATT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY GRAVES	TREASURER	1.00	Officer Director	$0	$0	$0
KATHERINE RICHARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA RIGSBEE	PRESIDENT & CEO	1.00	Officer	$0	$28,155	$289,109
CHARLES GASKINS	CFO	1.00	Officer	$0	$32,901	$261,628

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	No data	No data	No data	No data
2023	$1,105,395	$85,600	$3,135,705	$1,019,795
2022	$1,030,310	$102,500	$2,030,311	$927,810
2021	$1,000,000	$4,890	$1,000,000	$995,110

THE SHARON FOUNDATION