FORTY & EIGHT 0612

EIN: 205536581 501(c)(3) Public & Societal Benefit

SUNMAN, IN

Total Revenue
$23,421
Total Expenses
$32,917
Total Assets
$670,178
Net Assets
$670,178
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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
2007
Legal Domicile
IN
Principal Officer
CONRAD HOFFMAN
Phone
5133549589
Tax Period
2023-09-01 to 2024-08-31

FORTY & EIGHT 0612, founded in 2007, is a micro nonprofit in the Public & Societal Benefit sector that reported $23K in total revenue in fiscal year 2023. Expenses of $33K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING A CAREER IN NURSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $951
Program Service Revenue $0
Investment Income $18,450
Other Revenue $4,020
TOTAL REVENUE $23,421

Expense Breakdown

Grants Paid $31,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,117
Other Expenses $1,917
TOTAL EXPENSES $32,917

Year-over-Year Comparison

2023 2022 Change
Revenue $23,421 $21,809 +0.1%
Expenses $32,917 $33,829 0.0%
Net Income $-9,496 $-12,020 -0.2%
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
4
Independent Members
4
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN HYLTON DIRECTOR 4.00
Director
$0 $0 $0
LONNY BARNETT SECRETARY 4.00
Officer
$0 $0 $0
CONRAD HOFFMAN PRESIDENT 4.00
Officer
$0 $0 $0
JEROME MAUNE TREASURER 8.00
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 $23,421 $32,917 $670,178 $-9,496
2023 $21,809 $33,829 $621,862 $-12,020
2022 $18,428 $30,068 $656,103 $-11,640
2021 $16,670 $31,197 $705,216 $-14,527
2020 $21,511 $38,213 $633,718 $-16,702
2019 $13,737 $29,954 $704,100 $-16,217
2018 $38,606 $30,677 $728,696 $7,929
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