THE ADVANCEMENT FOUNDATION INC (EIN 205922663) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

5405724542

Tax Period

2023-01-01 to 2023-12-31

The Advancement Foundation Inc, founded in 2007, is a small nonprofit that reported $279K in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

TO CREATE OPPORTUNITIES THAT SUPPORT ECONOMIC PROSPERITY AND GROWTH FOR CITIZENS AND COMMUNITIES ACCOMPLISHED THROUGH DIVERSE EDUCATIONAL OPTIONS; LEVERAGING LOCAL, FEDERAL AND STATE RESOURCES; ACCESS TO HOUSING AND BUSINESS INCUBATION/ACCELERATION SPACES; AND INVESTMENT IN BUSINESS AND COMMUNITY DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $958,840

Program Service Revenue $66,918

Investment Income $653

Other Revenue $19,381

TOTAL REVENUE $1,045,792

Expense Breakdown

Grants Paid $77,717

Salaries & Benefits $250,891

Fundraising Expenses $27,974

Program Expenses $471,234

Other Expenses $325,977

TOTAL EXPENSES $654,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,045,792	$830,577	+0.3%
Expenses	$654,585	$846,394	-0.2%
Net Income	$391,207	$-15,817	-25.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$60,387

Total Directors

$1,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Annette Patterson	President	60.00	Officer	$59,000	$0	$59,000
Judy Wood	SECRETARY/TREAS	40.00	Officer Director	$1,387	$0	$1,387
Jon McCoy	Director	2.00	Director	$0	$0	$0
Becky Freemal	Chairman	2.00	Officer Director	$0	$0	$0
Patrick Patterson	Director	2.00	Director	$0	$0	$0
Marcia Major	Director	2.00	Director	$0	$0	$0
LINDA BAILEY	Director	2.00	Director	$0	$0	$0
KATIE CONNER	Director	2.00	Director	$0	$0	$0
JENNIFER EDDY	Director	2.00	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
2024	No data	No data	No data	No data
2023	$1,045,792	$654,585	$1,595,034	$391,207
2022	$830,577	$846,394	$1,106,815	$-15,817
2021	$1,205,935	$517,037	$1,057,981	$688,898
2020	$471,089	$466,230	$425,478	$4,859
2019	$416,459	$421,952	$329,020	$-5,493
2018	$278,848	$295,411	$330,388	$-16,563

THE ADVANCEMENT FOUNDATION INC