FORTY & EIGHT 0612

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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

Principal Officer

CONRAD HOFFMAN

Phone

5133549589

Tax Period

2024-09-01 to 2025-08-31

FORTY & EIGHT 0612, founded in 2007, is a micro nonprofit in the Public & Societal Benefit sector that reported $32K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $29K left a modest 7% surplus.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING A CAREER IN NURSING.

Program Service Accomplishments

Program 1

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $382

Program Service Revenue $0

Investment Income $31,247

Other Revenue $0

TOTAL REVENUE $31,629

Expense Breakdown

Grants Paid $26,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,376

TOTAL EXPENSES $29,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,629	$23,421	+0.4%
Expenses	$29,376	$32,917	-0.1%
Net Income	$2,253	$-9,496	-1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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
2025	$31,629	$29,376	$690,682	$2,253
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