TRUE THE VOTE INC (EIN 272860095) - 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

2010

Legal Domicile

Principal Officer

CATHERINE ENGELBRECHT

Phone

7134016017

Tax Period

2023-01-01 to 2023-12-31

TRUE THE VOTE INC, founded in 2010, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

EMPOWERING CITIZENS TO SAFEGUARD THE ELECTORAL PROCESS AND TO PROTECT THEIR VOTE FROM FRAUD SO THEIR VOICE IS NOT DIMINISHED AS WE DETERMINE THE DIRECTION OF OUR GOVERNMENT AND HOLD OUR POLITICIANS ACCOUNTABLE.

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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 $4,162,673

Program Service Revenue $0

Investment Income $295

Other Revenue $0

TOTAL REVENUE $4,162,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,497

Fundraising Expenses $117,934

Program Expenses $4,501,106

Other Expenses $4,748,586

TOTAL EXPENSES $5,026,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,162,968	$4,794,504	-0.1%
Expenses	$5,026,083	$4,620,564	+0.1%
Net Income	$-863,115	$173,940	-6.0%

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

10000

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

$180,000

Total Directors

$180,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE ENGELBRECHT	PRESIDENT	60.00	Officer Director	$180,000	$0	$180,000
DIANNE JOSEPHS	DIRECTO	1.00	Director	$0	$0	$0
ERIN YOUNG-TIMME	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$4,162,968	$5,026,083	$970,540	$-863,115
2022	$4,794,504	$4,620,564	$1,163,003	$173,940
2021	$1,694,560	$2,851,729	$901,239	$-1,157,169
2020	$5,039,229	$4,359,739	$2,040,767	$679,490
2020	$5,039,228	$4,882,905	$732,074	$156,323
2019	$767,498	$456,546	$334,825	$310,952
2018	$436,046	$425,410	$66,650	$10,636

TRUE THE VOTE INC