SUN POINT FOUNDATION INC

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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

LAURA MORSE

Phone

3019608991

Tax Period

2024-01-01 to 2024-12-31

SUN POINT FOUNDATION INC, founded in 2023, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 681% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE THE HIGHEST QUALITY EVIDENCE-BASED COUNSELING SERVICES TO INDIVIDUALS COUPLES AND FAMILIES IN UNDERSERVED COMMUNITIES AND THOSE WITH UNDERSERVED INSURANCES

Program Service Accomplishments

Program 1

Expenses: $850,700 Revenue: $1,299,170

COUNSELING SERVICES GEARED TOWARD HELPING ANYONE TO BE ABLE TO ACCESS MENTAL HEALTH SERVICES. THE FOUNDATION WILL SERVE CLIENTS SEEKING MENTAL HEALTH COUSELING, INCLUDING A PROGRAM FOR LOW INCOME, NO...

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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 $35,000

Program Service Revenue $1,229,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,264,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850,700

Fundraising Expenses $0

Program Expenses $850,700

Other Expenses $424,278

TOTAL EXPENSES $1,274,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,264,170	$161,966	+6.8%
Expenses	$1,274,978	$150,348	+7.5%
Net Income	$-10,808	$11,618	-1.9%

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

N/A

Independent Members

N/A

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

$63,540

Total Directors

$78,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA MORSE	CHIEF EXECUTIVE OFFICER	25.00	Director	$0	$0	$14,485
ANA ARMAS	EXECUTIVE DIRECTOR OF OPERATIONS	25.00	Officer Director	$0	$0	$63,540
DANIEL ABZUG	DIRECTOR	1.00	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	$1,264,170	$1,274,978	$54,163	$-10,808
2023	$161,966	$150,348	$17,059	$11,618