BELLASNOVA FOUNDATION (EIN 900940550) - 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

2012

Legal Domicile

Principal Officer

JERRY HARTLESS

Phone

9403958594

Tax Period

2022-01-01 to 2022-12-31

BELLASNOVA FOUNDATION, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $230K in total revenue in fiscal year 2022. Revenue surged 354% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 61% operating margin.

Mission

THE BELLASNOVA FOUNDATION IS TO IMPROVE THE OVERALL QUALITY OF HUMAN LIFE IN DISADVANTAGED AREAS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $230,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,500

Other Expenses $89,180

TOTAL EXPENSES $89,180

Year-over-Year Comparison

	2022	2021	Change
Revenue	$230,000	$50,675	+3.5%
Expenses	$89,180	$14,185	+5.3%
Net Income	$140,820	$36,490	+2.9%

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
JERRY HARTLESS	PRESIDENT	15.00	Director	$0	$0	$0
MICHAEL MCDERMOTT	DIRECTOR	15.00	Director	$0	$0	$0
THORUNN HELGASON	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
2022	$230,000	$89,180	$306,102	$140,820
2021	$50,675	$14,185	$162,935	$36,490
2020	$183,695	$80,168	$112,592	$103,527
2019	$100,179	$113,936	$9,065	$-13,757
2018	$186,955	$168,913	$22,822	$18,042

BELLASNOVA FOUNDATION