THE PATRICK SURTAIN II FOUNDATION … - Form 990 Financial Data

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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

PATRICK SURTAIN II

Phone

8597463431

Tax Period

2023-01-01 to 2023-12-31

THE PATRICK SURTAIN II FOUNDATION INC, founded in 2023, is a small nonprofit in the Education sector that reported $201K in total revenue in fiscal year 2023. The organization ran a surplus of $73K, a strong 36% operating margin.

Mission

THE MISSION OF THE FOUNDATION IS TO LEVEL THE PLAYING FIELD FOR STUDENTS IN FINANCIALLY DISADVANTAGED COMMUNITIES BY ENSURING THAT THESE STUDENTS HAVE THE SAME ACCESS TO EDUCATIONAL RESOURCES AS THEIR SUBURBAN PEERS TO ENSURE THEIR SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $57,932

PATRICKS INSPIRATION ROOMS - INNOVATIVE SPACES DESIGNED TO NURTURE SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS (S.T.E.A.M.) EDUCATION. THE ROOMS WILL INCLUDE INTERACTIVE WORKSPACES...

PATRICKS INSPIRATION ROOMS - INNOVATIVE SPACES DESIGNED TO NURTURE SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS (S.T.E.A.M.) EDUCATION. THE ROOMS WILL INCLUDE INTERACTIVE WORKSPACES, CUTTING-EDGE TECHNOLOGY LIKE 3D PRINTERS, A MUSIC RECORDING STUDIO, MULTIMEDIA RESOURCES, AND CUSTOMIZED LEARNING ELEMENTS TAILORED TO THE WINNING SCHOOLS SPECIFIC NEEDS.

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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 $126,144

Program Service Revenue $0

Investment Income $0

Other Revenue $75,183

TOTAL REVENUE $201,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $57,245

Program Expenses $57,932

Other Expenses $128,408

TOTAL EXPENSES $128,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,327	N/A	N/A
Expenses	$128,408	N/A	N/A
Net Income	$72,919	N/A	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SURTAIN II	PRESIDENT	3.00	Officer Director	$0	$0	$0
PATRICK SURTAIN SR	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
MICHELLE SURTAIN	VICE PRESIDN	2.00	Officer 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	No data	No data	No data	No data
2023	$201,327	$128,408	$72,919	$72,919

THE PATRICK SURTAIN II FOUNDATION INC