Mindset Connect Foundation Inc (EIN 921589294) - 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

2023

Legal Domicile

Principal Officer

Liani Antelo

Phone

3059030106

Tax Period

2024-01-01 to 2024-12-31

Mindset Connect Foundation Inc, founded in 2023, is a small nonprofit in the Human Services sector that reported $524K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 20% operating margin.

Mission

To innovate education and character development through personalized leraning that incorporates biblical values.

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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 $58,031

Program Service Revenue $465,817

Investment Income $0

Other Revenue $0

TOTAL REVENUE $523,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,275

Program Expenses $392,088

Other Expenses $418,715

TOTAL EXPENSES $418,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,848	$213,002	+1.5%
Expenses	$418,715	$158,196	+1.6%
Net Income	$105,133	$54,806	+0.9%

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

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
Derek Antelo	Chair	002.00	Officer	$0	$0	$0
Eric Wang	Vice President	002.00	Officer	$0	$0	$0
Liani Antelo	President	002.00	Officer	$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	$523,848	$418,715	$153,408	$105,133
2023	$213,002	$158,196	$55,690	$54,806

Mindset Connect Foundation Inc