THE 1040 INITIATIVE INC (EIN 270659329) - 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

2009

Legal Domicile

Phone

4059195540

Tax Period

2024-01-01 to 2024-12-31

THE 1040 INITIATIVE INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $713K in total revenue in fiscal year 2024. Revenue surged 499% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 92% operating deficit.

Mission

THE VISION OF 1040I IS TO TRANSFORM THE LIVES OF PEOPLE IN NEED BY FIGHTING PAIN AND SUFFERING IN THE MOST ISOLATED ON OUR GLOBE. THE PRIMARY FOCUS IS CENTERED ON HEALTH AND EDUCATION NEEDS BETWEEN 10 DEGREES AND 40 DEGREES NORTH OF THE EQUATOR SPANNING ACROSS NORTH AFRICA

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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 (2024)

Revenue Breakdown

Contributions & Grants $712,546

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $712,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,883

Fundraising Expenses $1,108

Program Expenses $123,941

Other Expenses $1,241,230

TOTAL EXPENSES $1,368,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$712,546	$118,903	+5.0%
Expenses	$1,368,113	$579,591	+1.4%
Net Income	$-655,567	$-460,688	+0.4%

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

$73,165

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COUSINEAU	PRESIDENT	55.00	Director Highest	$73,165	$0	$73,165
ROB GARIBAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM ROLAND	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
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

THE 1040 INITIATIVE INC