FOUNDATION FOR ADVANCED PHILANTHROPY INC (EIN 273308754) - 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

JASON L CRACE

Phone

3179913322

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR ADVANCED PHILANTHROPY INC, founded in 2010, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $39.3M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.5M, a strong 68% operating margin.

Mission

THE FOUNDATION FOR ADVANCED PHILANTHROPY IS DEDICATED TO RESTORING AND ADVANCING DONOR INVOLVEMENT BY THE FOUNDATION NETWORKING WITH OTHER FOUNDATIONS IN NEED OF FUNDING AID AND BY INCREASING ACCESS, EDUCATION AND RESEARCH OPPORTUNITY NATIONALLY IN ORDER TO BETTER EFFECT THE LIVES OF THOSE IN NEED.

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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 $27,319,441

Program Service Revenue $11,413,360

Investment Income $588,428

Other Revenue $0

TOTAL REVENUE $39,321,229

Expense Breakdown

Grants Paid $2,055,137

Salaries & Benefits $6,055,390

Fundraising Expenses $0

Program Expenses $12,773,051

Other Expenses $4,662,524

TOTAL EXPENSES $12,773,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,321,229	$30,434,971	+0.3%
Expenses	$12,773,051	$10,211,032	+0.3%
Net Income	$26,548,178	$20,223,939	+0.3%

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

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

$185,000

Total Directors

$185,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON L CRACE	CEO/DIRECTOR	20.00	Officer Director	$185,000	$0	$185,000
BARRY D SILBERMANN	BOARD MEMBER	2.00	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
2023	$39,321,229	$12,773,051	$142,562,560	$26,548,178
2022	$30,434,971	$10,211,032	$117,993,330	$20,223,939
2021	$23,104,166	$976,801	$95,466,152	$22,127,365
2020	$12,999,994	$651,316	$73,338,787	$12,348,678
2019	$19,314,038	$907,169	$60,997,720	$18,406,869
2018	$11,446,065	$479,853	$42,590,851	$10,966,212

FOUNDATION FOR ADVANCED PHILANTHROPY INC