661 Foundation (EIN 874046998) - 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

W Nathan Franklin

Phone

8017995800

Tax Period

2024-01-01 to 2024-12-31

661 Foundation, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring.

Mission

The Foundation intends to work with the Bakersfield community and schools to support the construction of a competitive swimming pool/aquatic center. The Foundation also intends to work with the San Juan Capistrano community to possibly build a similar swimming pool/aquatic center in San Juan Capistrano. In addition, the Foundation will support both the Bakersfield and San Juan Capistrano communities as needed.

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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 $1,520,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,520,000

Expense Breakdown

Grants Paid $1,491,998

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,554,039

Other Expenses $89,594

TOTAL EXPENSES $1,581,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,520,000	$12,500,000	-0.9%
Expenses	$1,581,592	$12,519,165	-0.9%
Net Income	$-61,592	$-19,165	+2.2%

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
W Nathan Franklin	President/Dir	1.00	Officer Director	$0	$0	$0
Tawnia Franklin	Treas/Sec/Dir	1.00	Officer Director	$0	$0	$0
Richard Watts	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	$1,520,000	$1,581,592	$68,830	$-61,592
2023	$12,500,000	$12,519,165	$130,422	$-19,165
2022	$1,705,001	$1,555,414	$149,587	$149,587

661 Foundation