THE EVITT FOUNDATION INC (EIN 201317650) - 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

2004

Legal Domicile

Principal Officer

ALICE EVITT BANDY

Phone

7069652345

Tax Period

2023-01-01 to 2023-12-31

THE EVITT FOUNDATION INC, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $54K in total revenue in fiscal year 2023. Expenses of $60K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE FOUNDATION IS COMMITTED TO MAKING A DIFFERENCE IN THE LIVES OF THOSE LESS FORTUNATE BY PROVIDING FUNDING FOR SCHOOLS, EXEMPT YOUTH ORGANIZATIONS, MEDICAL CHARITIES AND OTHER SIMILAR ORGANIZATIONS.

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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 $47,472

Program Service Revenue $0

Investment Income $28

Other Revenue $6,632

TOTAL REVENUE $54,132

Expense Breakdown

Grants Paid $58,911

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,911

Other Expenses $746

TOTAL EXPENSES $59,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,132	$50,627	+0.1%
Expenses	$59,657	$34,629	+0.7%
Net Income	$-5,525	$15,998	-1.3%

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

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
ALICE EVITT BANDY	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$0	$0
CELESTE WEAVER	DIRECTOR	2.00	Director	$0	$0	$0
MADELYN BANDY	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$54,132	$59,657	$106,355	$-5,525
2022	$50,627	$34,629	$111,880	$15,998
2021	$42,084	$31,402	$95,881	$10,682
2020	$59,151	$38,160	$85,199	$20,991
2019	$43,120	$51,880	$64,208	$-8,760
2018	$47,397	$52,880	$72,968	$-5,483

THE EVITT FOUNDATION INC