Institute for Principle Studies

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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

2005

Legal Domicile

Phone

2095752005

Tax Period

2023-01-01 to 2023-12-31

Institute for Principle Studies, founded in 2005, is a small nonprofit in the Education sector that reported $320K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $375K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide educational opportunities in civics, economics and history to the general public.

Program Service Accomplishments

Program 1

Expenses: $265,977

Provide seminars, classes and conferences to promote the learning of civics, economics and history. Publication of newsletters to Institute members and the general public that will provide useful...

Provide seminars, classes and conferences to promote the learning of civics, economics and history. Publication of newsletters to Institute members and the general public that will provide useful information to educators, media, social service providers and the general public at large.

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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 $263,267

Program Service Revenue $24,538

Investment Income $7,969

Other Revenue $23,939

TOTAL REVENUE $319,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,889

Fundraising Expenses $78,668

Program Expenses $265,977

Other Expenses $161,724

TOTAL EXPENSES $374,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,713	$439,037	-0.3%
Expenses	$374,613	$333,089	+0.1%
Net Income	$-54,900	$105,948	-1.5%

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

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
Brian Eschen	Director	4.00	Director	$0	$0	$0
Bill Whitehead	Director	4.00	Director	$0	$0	$0
Mary Winther	President	4.00	Officer	$0	$0	$0
Phil Olsson	Secretary	4.00	Officer	$0	$0	$0
Tim Ruppert	Vice President	4.00	Officer	$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	$319,713	$374,613	$265,752	$-54,900
2022	$439,037	$333,089	$322,438	$105,948
2021	$442,134	$363,663	$228,113	$78,471
2020	$411,114	$345,678	$147,884	$65,436
2019	$314,872	$324,872	$76,169	$-10,000
2018	$273,789	$306,842	$86,633	$-33,053