FOUNDATION X (EIN 871331226) - 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

EMILY VENNERSTROM

Phone

6123678800

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION X, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $216K in total revenue in fiscal year 2023.

Mission

TO ACHIEVE A GREATER GOOD FOR ALL THROUGH EFFECTIVE PHILANTHROPY THAT ADVANCES LONG-TERM AND SUSTAINABLE COMMUNITY CHANGE.

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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 $216,000

Program Service Revenue $0

Investment Income $-119

Other Revenue $0

TOTAL REVENUE $215,881

Expense Breakdown

Grants Paid $230,358

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,358

Other Expenses $4,402

TOTAL EXPENSES $234,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,881	$-1,717	-126.7%
Expenses	$234,760	$49,981	+3.7%
Net Income	$-18,879	$-51,698	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB NELSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN BAENEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY VENNERSTROM	SECRETARY & EXEC DIR	5.00	Officer Director	$0	$0	$0
TODD MOSER	DIRECTOR	1.00	Director	$0	$0	$0
WARD ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HUGGENVIK	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$215,881	$234,760	$14,766	$-18,879
2022	$-1,717	$49,981	$34,325	$-51,698
2021	$208,885	$120,073	$87,588	$88,812

FOUNDATION X