ATLANTIC LEGAL FOUNDATION (EIN 232022920) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

HAYWARD D FISK

Phone

9148343322

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC LEGAL FOUNDATION, founded in 1977, is a small nonprofit that reported $328K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF THE ATLANTIC LEGAL FOUNDATION ("ATLANTIC LEGAL OR "ALF OR "THE FOUNDATION") IS TO ADVANCE THE RULE OF LAW BY ADVOCATING LIMITED AND EFFICIENT GOVERNMENT; FREE ENTERPRISE; INDIVIDUAL LIBERTY; SCHOOL CHOICE; AND SOUND SCIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $309,484

Program Service Revenue $0

Investment Income $844

Other Revenue $17,673

TOTAL REVENUE $328,001

Expense Breakdown

Grants Paid $500

Salaries & Benefits $280,394

Fundraising Expenses $43,983

Program Expenses $216,463

Other Expenses $128,841

TOTAL EXPENSES $409,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,001	$410,398	-0.2%
Expenses	$409,735	$380,954	+0.1%
Net Income	$-81,734	$29,444	-3.8%

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

Governance

Voting Members

Independent Members

Employees

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

$213,600

Total Directors

$106,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H DAN FISK ESQ	CHAIRMAN AND PRESIDENT	40.00	Officer Director	$106,800	$0	$106,800
AUGUSTUS I DUPONT ESQ	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
SCOT M ELDER	SECRETARY	1.00	Officer Director	$0	$0	$0
NEVIN SANLI	TREASURER, THRU NOVEMBER 2023	1.00	Officer Director	$0	$0	$0
MARCO Q ROSSI	TREASURER	2.00	Officer Director	$0	$0	$0
MARK D NIELSON	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
ANA TAGVORYAN	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID M AXELRAD	DIRECTOR, THRU MAY 2023	1.00	Director	$0	$0	$0
TRACY A BACIGALUPO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS E BIRSIC ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN L BROWNLEE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN CALVE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CASEY	DIRECTOR	1.00	Director	$0	$0	$0
LEE CH CHENG	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS EVANS	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY E FLANIGAN	DIRECTOR	2.00	Director	$0	$0	$0
MARY L GARCEAU ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L HAIG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN J HARMELIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOE G HOLLINGSWORTH ESQ	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT E JUCEAM ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J KENNEY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARYANNE R LAVAN	DIRECTOR	1.00	Director	$0	$0	$0
DEAN MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM S MCNEIL	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY J MORROW ESQ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM G PRIMPS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM H SLATTERY ESQ	DIRECTOR	2.00	Director	$0	$0	$0
JAY B STEPHENS ESQ	DIRECTOR	2.00	Director	$0	$0	$0
CLIFFORD B STORMS ESQ	DIRECTOR	2.00	Director	$0	$0	$0
ALEX ROMAIN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES R WORK ESQ	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE G MCMICHAEL ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY BAUMANN	DIRECTOR	1.00	Director	$0	$0	$0
ALINNE MAJARIAN JD	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE EBNER	EXEC. VP AND GEN. COUNSEL	30.00	Officer	$106,800	$0	$106,800
NICHOLAS W KLITZING	VICE PRESIDENT	1.00	Officer	$0	$0	$0
HANNAH S MARCLEY	ASSISTANT SECRETARY	1.00	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
2023	$328,001	$409,735	$270,308	$-81,734
2022	$410,398	$380,954	$350,660	$29,444
2021	$469,853	$325,922	$321,006	$143,931
2020	$301,910	$350,933	$183,604	$-49,023
2019	$386,636	$355,132	$228,105	$31,504
2018	$501,514	$369,137	$194,555	$132,377

ATLANTIC LEGAL FOUNDATION