FUND FOR POLICY REFORM INC

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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

2009

Legal Domicile

Principal Officer

LEONARD BENARDO

Phone

2125480600

Tax Period

2023-01-01 to 2023-12-31

FUND FOR POLICY REFORM INC, founded in 2009, is a major nonprofit in the Public & Societal Benefit sector that reported $329.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $406.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF THE FUND FOR POLICY REFORM, INC.("FPR, INC.") IS TO PROMOTE SOCIAL WELFARE THROUGH ITS SUPPORT OF FEDERAL AND STATE LEGISLATION THAT ASSURES GREATER FAIRNESS IN POLITICAL, LEGAL AND ECONOMIC SYSTEMS AND SAFEGUARDS FUNDAMENTAL RIGHTS. IT CONDUCTS ACTIVITIES TO BRING ABOUT CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS IN COMMUNITIES AROUND THE WORLD BY ADVOCATING THE REFORM OF LOCAL, STATE, FEDERAL OR FOREIGN LAWS OR REGULATIONS. IT ALSO CONDUCTS SUPPORTING ACTIVITIES THAT ARE CHARITABLE OR EDUCATIONAL TO PROMOTE SOCIAL WELFARE. FPR INC. MAKES GRANTS TO ORGANIZATIONS CARRYING OUT THESE PURPOSES AND OTHERWISE COOPERATES WITH OTHER ORGANIZATIONS AND/OR GOVERMENTAL AGENCIES TO ACHIEVE THESE GOALS. FPR, INC. IS FUNDING INITIATIVES THAT INVOLVE PUBLIC WELFARE, DRUG POLICY, ALLEVIATION OF POVERTY, AND ELECTORAL REFORM.

Program Service Accomplishments

Program 1

Expenses: $352,826,780

INSTITUTIONAL GRANTS AND OTHER PROGRAMS - INSTITUTIONAL GRANTS WERE PROVIDED TO SUPPORT THE GRANTEES' OPERATIONS AND ACTIVITIES WHICH ADVOCATE FOR THE REFORM OF LAWS AND REGULATIONS THAT AFFECT THE...

Program 2

Expenses: $16,581,026

REGIONAL PROGRAMS - REGIONAL PROGRAMS ENGAGE IN MUTIPLE ISSUES, SUCH AS DEMOCRATIC PRACTICE, EARLY CHILDHOOD & EDUCATION, ECONOMIC JUSTICE, ETC. ACROSS A DEFINED GEOGRAPHIC AREA.

Program 3

Expenses: $1,843,473

GLOBAL PROGRAMS - GLOBAL PROGRAMS ENGAGE WITH A DEFINED SPECIFIC ISSUE, SUCH AS HUMAN RIGHTS INITIATIVE, ECONOMIC JUSTICE PROGRAM, PUBLIC HEALTH PROGRAM, ETC. ACROSS MULTIPLE GEOGRAPHIC AREAS ACROSS...

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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 $327,000,000

Program Service Revenue $0

Investment Income $2,080,981

Other Revenue $0

TOTAL REVENUE $329,080,981

Expense Breakdown

Grants Paid $349,849,159

Salaries & Benefits $7,503,554

Fundraising Expenses $0

Program Expenses $371,251,279

Other Expenses $49,568,009

TOTAL EXPENSES $406,920,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,080,981	$357,192,867	-0.1%
Expenses	$406,920,722	$403,103,804	+0.0%
Net Income	$-77,839,741	$-45,910,937	+0.7%

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

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

$60,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL VACHON	DIRECTOR	0.02	Director	$0	$0	$0
LEONARD BENARDO	DIRECTOR	0.02	Officer Director	$0	$0	$0
MARYANN CANFIELD	DIRECTOR	0.02	Director	$0	$0	$0
ALEXANDER SOROS	DIRECTOR	0.02	Director	$0	$0	$0
MAIJA ARBOLINO	TREASURER	1.28	Officer	$14,201	$3,841	$19,475
CATHERINE LIVINGSTON	SECRETARY	0.02	Officer	$18,436	$4,069	$40,941
HUGO ARLEY TOBAR OTERO	PROGRAM DIRECTOR	40.00	Highest	$184,265	$19,587	$203,852
KYONG HWA SEOK	PROGRAM DIRECTOR	40.00	Highest	$201,308	$116,301	$317,609
NICHOLAS HERNANDEZ GONZALEZ	ASSOCIATE DIRECTOR	40.00	Highest	$180,156	$20,944	$201,100
ISABEL SOUSA RODRIGUEZ	DIVISION DIRECTOR	40.00	Highest	$178,794	$17,322	$196,116
CHANGHO KIM	PROGRAM OFFICER	40.00	Highest	$128,643	$77,796	$206,439

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	$329,080,981	$406,920,722	$776,276,857	$-77,839,741
2022	$357,192,867	$403,103,804	$803,585,533	$-45,910,937
2021	$377,721,739	$348,275,369	$881,823,437	$29,446,370
2020	$260,295,701	$238,059,118	$751,249,630	$22,236,583