3535 FOUNDATION (EIN 884067215) - 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

2022

Legal Domicile

Principal Officer

CHRIS BRUCKS

Phone

7012100595

Tax Period

2024-01-01 to 2024-12-31

3535 FOUNDATION, founded in 2022, is a small nonprofit in the Religion sector that reported $657K in total revenue in fiscal year 2024. The organization ran a surplus of $276K, a strong 42% operating margin.

Mission

THE 3535 FOUNDATION EXISTS TO SUPPORT AND PROMOTE THE MINISTRY OF THE COMMUNITY BAPTIST CHURCH AND OTHER CONFESSIONALLY REFORMED AND BAPTISTIC CAUSES. WE INTEND TO DO THIS THROUGH PROMOTIONAL, EDUCATIONAL, AND OTHER ACTIVITIES THAT SUPPORT THE RELIGIOUS CONVICTIONS STATED ABOVE THAT ALIGN WITH THE RELIGIOUS CONVICTIONS OF THE COMMUNITY BAPTIST CHURCH OF FARGO.

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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 $650,000

Program Service Revenue $2,259

Investment Income $4,391

Other Revenue $0

TOTAL REVENUE $656,650

Expense Breakdown

Grants Paid $141,772

Salaries & Benefits $14,976

Fundraising Expenses $0

Program Expenses $369,311

Other Expenses $223,643

TOTAL EXPENSES $380,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$656,650	N/A	N/A
Expenses	$380,391	N/A	N/A
Net Income	$276,259	$0	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

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

$14,976

Total Directors

$14,976

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS VANDERMEULEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL BEATTY	SECRETARY	5.00	Officer Director	$14,976	$0	$14,976
CHRIS BRUCKS	TREASURER	5.00	Officer Director	$0	$0	$0
MATT DAVIS	DIRECTOR	5.00	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	$656,650	$380,391	$304,392	$276,259

3535 FOUNDATION