Snow Approach Foundation Inc

EIN: 882816398 501(c)(3) Community Improvement

Hillsborough, NC

Total Revenue
$302,488
Total Expenses
$141,106
Total Assets
$457,220
Net Assets
$175,378
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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
2022
Legal Domicile
NC
Principal Officer
Amanda Bulgarelli
Phone
9847667669
Tax Period
2023-01-01 to 2023-12-31

Snow Approach Foundation Inc, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $302K in total revenue in fiscal year 2023. The organization ran a surplus of $161K, a strong 53% operating margin.

Mission

To inspire hope, save lives, and improve the quality of life for people living with brain changes caused by dementia or other brain conditions.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $211,987
Program Service Revenue $99,450
Investment Income $26
Other Revenue $-8,975
TOTAL REVENUE $302,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,381
Program Expenses $115,513
Other Expenses $141,106
TOTAL EXPENSES $141,106

Year-over-Year Comparison

2023 2022 Change
Revenue $302,488 N/A N/A
Expenses $141,106 N/A N/A
Net Income $161,382 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

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
3
$315,695
Total Directors
3
$315,695
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teepa Snow Board Chair 015.00
Officer Director
$0 $6,297 $216,197
Amanda Bulgarelli Board Vice Chair Treasurer 015.00
Officer Director
$0 $2,898 $99,498
Heather McKay Board Secretary 001.50
Officer 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 $302,488 $141,106 $457,220 $161,382
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