BUILDING FOR TOMORROW

EIN: 274254089 501(c)(3) Human Services

AKRON, OH

Total Revenue
$1,584,430
Total Expenses
$1,106,587
Total Assets
$1,267,182
Net Assets
$575,875
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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
OH
Principal Officer
HERMAN L HILL
Phone
3307629631
Tax Period
2024-01-01 to 2024-12-31

BUILDING FOR TOMORROW, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $478K, a strong 30% operating margin.

Mission

BUILDING FOR TOMORROW (BFT) SUPPORTS SERVICES TO RESIDENTS OF AKRON METROPOLITAN HOUSING AUTHORITY AND OTHER LOW-INCOME RESIDENTS IN THE COMMUNITY THAT PROMOTE STABILITY, EDUCATION AND ECONOMIC INDEPENDENCE AS A MEANS OF STRENGTHENING THE GREATER COMMUNITY - THIS MISSION ALIGNS WITH THE GOALS AND MISSION OF AMHA. BFT PROVIDES RESIDENTS OF AMHA WITH TOOLS TO REACH THEIR POTENTIAL AND MOVE BEYOND ASSISTED LIVING. WE FOCUS ON EDUCATIONAL SUCCESS, ECONOMIC SELF-SUFFICIENCY AND INDEPENDENT LIVING. BFT STRIVES TO CREATE A SUPPORTIVE SENSE OF COMMUNITY WHERE RESIDENTS, NO MATTER THEIR STAGE IN LIFE, ARE GIVEN THE POWER TO REALIZE AND OBTAIN A BRIGHTER FUTURE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,525,925
Program Service Revenue $0
Investment Income $22,846
Other Revenue $35,659
TOTAL REVENUE $1,584,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,985
Fundraising Expenses $0
Program Expenses $1,077,749
Other Expenses $882,602
TOTAL EXPENSES $1,106,587

Year-over-Year Comparison

2024 2023 Change
Revenue $1,584,430 $906,973 +0.7%
Expenses $1,106,587 $908,526 +0.2%
Net Income $477,843 $-1,553 -308.7%
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

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
3

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
3
$547,923
Total Directors
7
$547,923
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERMAN L HILL PRESIDENT 1.00
Officer Director
$0 $71,023 $346,973
ANNA BALL VP/SECRETARY 1.00
Officer Director
$0 $11,582 $56,520
DEBORAH ARMSTRONG TREASURER 1.00
Officer Director
$0 $48,430 $144,430
REBECCA DANNER BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
THOMAS HARNDEN BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
COURTNEY HUDSON BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
AJA MIXON BOARD OF DIRECTORS 0.00
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 $1,584,430 $1,106,587 $1,267,182 $477,843
2023 $906,973 $908,526 $1,219,474 $-1,553
2022 $932,330 $900,920 $707,166 $31,410
2021 $821,511 $771,435 $686,421 $50,076
2020 $792,113 $717,773 $556,048 $74,340
2019 $956,433 $1,002,277 $570,245 $-45,844
2018 $997,159 $922,005 $639,298 $75,154
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