THE FULLER FOUNDATION (EIN 954124436) - 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

1987

Legal Domicile

Principal Officer

ROBERT CEREMSAK

Phone

6267923232

Tax Period

2023-01-01 to 2023-12-31

THE FULLER FOUNDATION, founded in 1987, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.9M, a strong 36% operating margin.

Mission

THE FULLER FOUNDATION (THE "FOUNDATION") SERVES FULLER THEOLOGICAL SEMINARY (THE "SEMINARY") AND ITS CONSTITUENTS THROUGH STEWARDSHIP, GIFT AND ESTATE PLANNING, CHARITABLE GIVING, AND INVESTMENT MANAGEMENT SERVICES. THE FOUNDATION DOES THIS BY MANAGING THE SEMINARY'S ENDOWMENT AND PROVIDING DEVELOPMENT AND ALUMNI RELATIONS SERVICES, AS WELL AS PROVIDING TRUST ADMINISTRATION, DONOR-ADVISED FUNDS, AND INVESTMENT MANAGEMENT SERVICES FOR GENEROUS FRIENDS OF THE SEMINARY.

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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 $1,870,412

Program Service Revenue $4,949,581

Investment Income $7,014,177

Other Revenue $-137,339

TOTAL REVENUE $13,696,831

Expense Breakdown

Grants Paid $3,930,038

Salaries & Benefits $3,536,412

Fundraising Expenses $168,847

Program Expenses $7,525,932

Other Expenses $1,352,500

TOTAL EXPENSES $8,818,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,696,831	$12,191,151	+0.1%
Expenses	$8,818,950	$15,178,792	-0.4%
Net Income	$4,877,881	$-2,987,641	-2.6%

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

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

$766,801

Total Directors

$441,403

Key Employees

$1,169,179

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD DERRICK	SR. DIR. GIFT/ESTATE PLANNING SRVCS	2.00	Key Emp	$11,292	$66,633	$292,476
BRIAN RIETZE	CHIEF FINANCIAL OFFICER	16.00	Officer	$85,362	$52,936	$266,341
DASHA THOMAS	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$213,278	$28,715	$241,993
DANIEL COOPER	EXECUTIVE DIRECTOR (THRU 8/2023)	14.00	Officer Director	$72,385	$29,170	$235,984
JOHN KAMPERSCHROER	SR. DEVELOPMENT OFFICER	40.00	Key Emp	$179,794	$37,877	$217,671
LAUREN YAMAOKA	SR. DIR. OF DEV. & FOUNDATIONS	40.00	Key Emp	$174,555	$38,322	$212,877
MARK LABBERTON	DIRECTOR (THRU 2/2023)	20.00	Director	$175,000	$30,419	$205,419
KEN ERFFMEYER	SR. VP FOR ADVANCEMENT (THRU 8/2023)	40.00	Key Emp	$174,611	$29,551	$204,162
LILY TSAU	SR. DIRECTOR, ALUMNI RELATIONS	40.00	Highest	$139,990	$31,023	$171,013
EMILY SEXTON	SECR / DIR OF HR & OFFICE OPS (THRU 10/2023)	36.00	Officer	$103,958	$44,245	$159,754
ALYSE LEE	DIRECTOR OF STEWARDSHIP	30.00	Highest	$90,145	$35,994	$156,187
LUZ MOSQUEDA	ACCOUNTING MANAGER	40.00	Highest	$105,144	$48,167	$153,311
NICOLE SHELLEY	SECR (START 10/2023) / OFFICE OPS MGR	40.00	Officer	$76,110	$28,612	$104,722
ROBERT CEREMSAK	CHAIR / ACTING EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$0
COLETTE COZEAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EMMANUEL GOATLEY	DIRECTOR (START 2/2023)	1.00	Director	$0	$0	$0
DANNY KUO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MEYER	DIRECTOR	1.00	Director	$0	$0	$0
RUSS MICHEALSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REA JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RUBY	DIRECTOR	1.00	Director	$0	$0	$0
JODY VANDERWEL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VILLANUEVA	VICE CHAIR	1.00	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	$13,696,831	$8,818,950	$220,467,878	$4,877,881
2022	$12,191,151	$15,178,792	$203,579,115	$-2,987,641
2021	$19,125,152	$21,814,705	$257,941,250	$-2,689,553
2020	$18,016,799	$20,117,978	$242,823,131	$-2,101,179
2019	$12,703,960	$18,295,490	$221,223,762	$-5,591,530
2018	$11,124,034	$19,816,928	$207,510,117	$-8,692,894

THE FULLER FOUNDATION