FIRST PLACE ENDOWMENT TRUST FUND (EIN 266243203) - 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

2008

Legal Domicile

Principal Officer

MARYAM MASON

Phone

2063470699

Tax Period

2023-09-01 to 2024-08-31

FIRST PLACE ENDOWMENT TRUST FUND, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $173K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $204K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ESTABLISH A FUND TO BE HELD IN PERPETUITY FOR THE BENEFIT OF FIRST PLACE.

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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 $50,000

Program Service Revenue $0

Investment Income $122,949

Other Revenue $0

TOTAL REVENUE $172,949

Expense Breakdown

Grants Paid $186,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,035

Other Expenses $18,035

TOTAL EXPENSES $204,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,949	$133,959	+0.3%
Expenses	$204,035	$16,103	+11.7%
Net Income	$-31,086	$117,856	-1.3%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN MASON	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TASHA WEST BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
BAIONNE COLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANISA MASON	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBRA REED	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTI SPRINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYAM MASON	PRESIDENT	2.00	Officer	$0	$0	$30,000

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	$172,949	$204,035	$3,650,385	$-31,086
2023	$133,959	$16,103	$3,426,588	$117,856
2022	$90,016	$112,108	$2,988,926	$-22,092

FIRST PLACE ENDOWMENT TRUST FUND