THE 1040 INITIATIVE 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

Phone

4056008040

Tax Period

2025-01-01 to 2025-12-31

THE 1040 INITIATIVE INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $572K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year.

Mission

The vision of The 1040 Initiative, Inc. is to impact the lives of people in Cote dIvoire by fighting pain and suffering in the most vulnerable places. We primarily focus on health and education, providing surgical/prosthetic clinics and an influential private school.

Program Service Accomplishments

Program 1

Expenses: $543,720 Revenue: $571,774

TANDA BILLINGUAL ACADEMY: THE 1040I, INC. OWNS THE ACADEMY FACILITIES AND OVERSEES THE STAFFING AND OPERATION OF THE ACADEMY. THE ENROLLMENT FOR 2024 - 2025 SCHOOL YEAR WAS 620 STUDENTS.

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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 $571,774

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $571,774

Expense Breakdown

Grants Paid $393,128

Salaries & Benefits $149,638

Fundraising Expenses $223

Program Expenses $543,720

Other Expenses $44,257

TOTAL EXPENSES $587,023

Year-over-Year Comparison

	2025	2024	Change
Revenue	$571,774	$712,546	-0.2%
Expenses	$587,023	$1,368,113	-0.6%
Net Income	$-15,249	$-655,567	-1.0%

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

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

$74,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COUSINEAU	PRESIDENT	55.00	Director Highest	$74,328	$0	$74,328
ROB GARIBAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM ROLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BLAINE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE VANBREEMAN	SECRETARY	1.00	Officer 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
2025	$571,774	$587,023	$1,427,668	$-15,249
2024	$712,546	$1,368,113	$1,377,846	$-655,567
2023	$118,903	$579,591	$784,026	$-460,688
2022	$458,522	$563,435	$1,177,443	$-104,913
2021	$612,805	$573,385	$1,097,742	$39,420
2020	$492,695	$458,936	$1,052,382	$33,759