FUNDAMENTALS FIRST ACADEMY 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

VIGGEN RASSAM

Phone

4152609304

Tax Period

2025-01-01 to 2025-12-31

FUNDAMENTALS FIRST ACADEMY INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $349K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $300K left a modest 14% surplus.

Mission

PROVIDE SKILLS CAMP FOR BASKETBALL FUNDAMENTALS FROM KINDERGARTEN THROUGH 8TH GRADES.

Program Service Accomplishments

Program 1

HOSTED A FREE CLINIC FOR BOYS AGES 11-14 WITH MANY FROM LOW INCOME NEIGHBORHOODS IN ATTENDANCE

Program 2

RECEIVED A COMMITTMENT FOR OUR MAJOR DONOR THIS FISCAL YEAR

Program 3

ESTABLISHED A TENTATIVE AGREEMENT WITH A LOCAL PRIVATE HIGH SCHOOL TO UTILIZE THEIR ATHLETIC AND CLASSROOM FACILITIES TO FURTHER OUR PROGRAMS. MAY POSSIBLY HAVE THEIR HONOR STUDENTS ACT AS TUTORS FOR...

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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 (2025)

Revenue Breakdown

Contributions & Grants $278,463

Program Service Revenue $0

Investment Income $70,985

Other Revenue $0

TOTAL REVENUE $349,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,564

Fundraising Expenses $0

Program Expenses $299,675

Other Expenses $247,111

TOTAL EXPENSES $299,675

Year-over-Year Comparison

	2025	2024	Change
Revenue	$349,448	$297,422	+0.2%
Expenses	$299,675	$202,460	+0.5%
Net Income	$49,773	$94,962	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIGGEN RASSAM	PRESIDENT	30.00	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
2025	$349,448	$299,675	$406,821	$49,773
2024	$297,422	$202,460	$360,822	$94,962