Fortunate Futures Corporation

EIN: 204842981 501(c)(3)

Milwaukee, WI

Total Revenue
$1,321,462
Total Expenses
$1,267,188
Total Assets
$320,856
Net Assets
$310,004
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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
2013
Legal Domicile
WI
Phone
4143937151
Tax Period
2021-01-01 to 2021-12-31

Fortunate Futures Corporation, founded in 2013, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year. Expenses of $1.3M left a modest 4% surplus.

Mission

SOCIAL SERVICES EDUCATIONAL AWARENESS OF RESOURCES AVAILABLE AND ACCESS TO THEM

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,321,462
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,321,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,000
Fundraising Expenses $0
Program Expenses $1,267,188
Other Expenses $1,032,188
TOTAL EXPENSES $1,267,188

Year-over-Year Comparison

2021 2020 Change
Revenue $1,321,462 $1,401,110 -0.1%
Expenses $1,267,188 $1,097,274 +0.2%
Net Income $54,274 $303,836 -0.8%
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

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Governance

Voting Members
3
Independent Members
N/A
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
1
$235,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEMARYL H HOWARD CHIEF EXECUTIVE OFFICER 40
Officer Highest
$235,000 $0 $235,000
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
2021 $1,321,462 $1,267,188 $320,856 $54,274
2020 $1,401,110 $1,097,274 $352,369 $303,836
2019 $1,497,293 $1,468,992 $48,533 $28,301
2018 $841,239 $836,204 $17,859 $5,035
2017 $283,306 $274,027 $11,297 $9,279
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