Formative Foundation
Goleta, California
B-Health Score
45B-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Average
💰
$643K
Total Revenue
📊
$1.0M
Total Expenses
🏦
$4.6M
Net Assets
📋
$309K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+25.1%
Year-over-year change (2022 → 2023)
Net Margin
-56.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.57
Net assets divided by total expenses
Liabilities-to-Assets
6.3%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $643,032↑25% | $1,008,317↑69% | $4,917,346↓2% | |
| 2022 | $513,823↓93% | $596,544↓85% | $5,040,036↓28% | — |
| 2021 | $7,173,847↑406% | $3,926,665↑922% | $6,982,223↑285% | — |
| 2020 | $1,417,308↑67% | $384,356↓59% | $1,811,291↑132% | — |
| 2019 | $847,603↑9% | $936,744↑43% | $779,307↓10% | — |
| 2018 | $774,710↓24% | $653,770↑2% | $867,486↑15% | — |
| 2017 | $1,020,702↑3% | $643,238↓28% | $753,984↑100% | — |
| 2016 | $995,501↑28% | $890,350↑8% | $377,019↑43% | — |
| 2015 | $776,886↑40% | $827,738↑66% | $263,730↓16% | — |
| 2014 | $554,492↑1% | $498,371 | $314,582↑22% | — |
| 2013 | $550,672↓15% | $500,129↑2% | $258,461↑24% | — |
| 2012 | $648,949↑18% | $488,063↓82% | $207,918↓5% | — |
| 2011 | $549,858 | $2,675,035 | $218,632 | — |
Frequently Asked Questions
What does Formative Foundation do?▼
Formative Foundation is a education nonprofit organization based in California. It is classified under NTEE code B90 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Formative Foundation financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Formative Foundation.
How much revenue does Formative Foundation generate?▼
Formative Foundation reports $488K in annual revenue and holds $5.1M in total assets, based on IRS filings.
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