Foundation Properties Charitable Trust (EIN 886320580) - 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

William Moritz

Phone

7192601213

Tax Period

2023-01-01 to 2023-12-31

Foundation Properties Charitable Trust, founded in 2022, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 252% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

Support Joy to the World Foundations Mission which is:To help individuals accomplish their charitable objectives in religious, educational, scientific, benevolent and health related activities.

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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 $3,403,125

Program Service Revenue $0

Investment Income $-124,469

Other Revenue $0

TOTAL REVENUE $3,278,656

Expense Breakdown

Grants Paid $3,770,656

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,770,656

Other Expenses $0

TOTAL EXPENSES $3,770,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,278,656	$931,190	+2.5%
Expenses	$3,770,656	$439,190	+7.6%
Net Income	$-492,000	$492,000	-2.0%

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	Role	Reportable Comp	Other Comp	Total
William Moritz	President	Officer Director	$0	$0	$0
Chris Stroup	Secretary	Officer Director	$0	$0	$0
Chris Rosenhahn	Treasurer	Officer Director	$0	$0	$0
Richard Haynie	Director	Director	$0	$0	$0
Joni Still	Director	Director	$0	$0	$0
Everett Walters	Director	Director	$0	$0	$0
Steve Merriman	Director	Director	$0	$0	$0
Kim Takkunen	Director	Director	$0	$0	$0
Jay Haddix	Director	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
2023	$3,278,656	$3,770,656	No data	$-492,000
2022	$931,190	$439,190	$492,000	$492,000

Foundation Properties Charitable Trust