Local First (EIN 273083017) - 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

Tim Wheeler

Phone

9707996618

Tax Period

2021-01-01 to 2021-12-31

Local First, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $767K in total revenue in fiscal year 2021. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $669K left a modest 13% surplus.

Mission

The mission of Local First is to help locally-owned, independent business and organizations thrive as they work together to build an economy that values people, the planet and prosperity for everyone.

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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 (2021)

Revenue Breakdown

Contributions & Grants $586,414

Program Service Revenue $176,859

Investment Income $7

Other Revenue $3,778

TOTAL REVENUE $767,058

Expense Breakdown

Grants Paid $426,000

Salaries & Benefits $149,356

Fundraising Expenses $0

Program Expenses $586,740

Other Expenses $93,201

TOTAL EXPENSES $668,557

Year-over-Year Comparison

	2021	2020	Change
Revenue	$767,058	$1,469,398	-0.5%
Expenses	$668,557	$1,428,477	-0.5%
Net Income	$98,501	$40,921	+1.4%

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

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

$51,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Bell	Managing Dir	35.00	Director	$51,126	$0	$51,126
Peter Schertz	Director	2.00	Director	$0	$0	$0
Ted Wright	Director	2.00	Director	$0	$0	$0
Kristen Murano	Director	2.00	Director	$0	$0	$0
Tim Wheeler	Chairman	4.00	Officer	$0	$0	$0
Mary Oswald	Vice Chair	3.00	Officer	$0	$0	$0
John Lopez	Treasurer	3.00	Officer	$0	$0	$0
Lisa Mastny	Secretary	3.00	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
2021	$767,058	$668,557	$288,514	$98,501
2020	$1,469,398	$1,428,477	$190,845	$40,921
2019	$268,804	$326,318	$55,423	$-57,514
2018	$311,436	$300,513	$100,599	$10,923

Local First