THE LET IT BE FOUNDATION (EIN 204677230) - 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

2006

Legal Domicile

Principal Officer

MICHAEL S ROSEN

Phone

9096139161

Tax Period

2024-04-01 to 2025-03-31

THE LET IT BE FOUNDATION, founded in 2006, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $579K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE ONGOING SUPPORT AND SERVICES TO FAMILIES OF CHILDREN DIAGNOSED WITH CANCER AND OTHE LIFE-THREATENING ILLNESSES THROUGHOUT THE SICK CHILDS TREATMENT, WITH A FOCUS ON THE ENTIRE FAMILY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $332,487

Program Service Revenue $0

Investment Income $98,106

Other Revenue $1,142

TOTAL REVENUE $431,735

Expense Breakdown

Grants Paid $246,879

Salaries & Benefits $149,824

Fundraising Expenses $0

Program Expenses $470,596

Other Expenses $182,629

TOTAL EXPENSES $579,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,735	$670,808	-0.4%
Expenses	$579,332	$782,221	-0.3%
Net Income	$-147,597	$-111,413	+0.3%

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

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

$46,000

Total Directors

$46,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruthe A Rosen	CEO	40.00	Officer Director	$46,000	$0	$46,000
DICKIE VANDER MUELEN	BOARD MEMBER	5.00	Director	$0	$0	$0
TOBY CORNELL	BOARD MEMBER	5.00	Director	$0	$0	$0
JESSICA HORSLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTOPHER ZARP	BOARD MEMBER	5.00	Director	$0	$0	$0
CODY DARROW	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL S ROSEN	CHAIRMAN	20.00	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
2025	$431,735	$579,332	No data	$-147,597
2024	$670,808	$782,221	$232,657	$-111,413
2023	$687,305	$812,027	$330,904	$-124,722
2022	$818,173	$600,073	$450,306	$218,100
2021	$523,334	$432,196	$375,924	$91,138
2020	$635,187	$630,918	$200,612	$4,269
2019	$590,636	$601,542	$155,652	$-10,906
2018	$591,335	$554,260	$178,389	$37,075

THE LET IT BE FOUNDATION