FIRSTABILITY INC

EIN: 205719410 501(c)(3) Philanthropy & Grantmaking

Pompano Beach, FL

Total Revenue
$1,095,853
Total Expenses
$3,079,154
Total Assets
$726,712
Net Assets
$-1,414,195
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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
FL
Tax Period
2022-01-01 to 2022-12-31

FIRSTABILITY INC, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 181% operating deficit.

Mission

TO PROVIDE SUPPORT TO UNDERPRIVILEGED CHILDREN THROUGH EDUCATION AND ATHLETICS

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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 (2022)

Revenue Breakdown

Contributions & Grants $842,649
Program Service Revenue $253,058
Investment Income $0
Other Revenue $146
TOTAL REVENUE $1,095,853

Expense Breakdown

Grants Paid $0
Salaries & Benefits $563,101
Fundraising Expenses $0
Program Expenses $2,841,628
Other Expenses $2,516,053
TOTAL EXPENSES $3,079,154

Year-over-Year Comparison

2022 2021 Change
Revenue $1,095,853 $909,266 +0.2%
Expenses $3,079,154 $821,917 +2.7%
Net Income $-1,983,301 $87,349 -23.7%
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
3
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OCTAVIA MCDOUGLE DIRECTOR 2.00
Director
$0 $0 $0
JEROME MCDOUGLE DIRECTOR 2.00
$0 $0 $0
STOCKAR MCDOUGLE PRESIDENT 40.00
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
2022 $1,095,853 $3,079,154 $726,712 $-1,983,301
2021 $909,266 $821,917 $343,406 $87,349
2020 $365,363 $383,521 $324,938 $-18,158
2019 $572,835 $507,230 $327,824 $65,605
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