FORTY FIRST FOUNDATION (EIN 301422743) - 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

2024

Legal Domicile

Principal Officer

JACK ELTIFE

Phone

9032450751

Tax Period

2024-09-01 to 2025-08-31

FORTY FIRST FOUNDATION, founded in 2024, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $950K, a strong 73% operating margin.

Mission

THE FORTY FIRST FOUNDATION SUPPORTS AND ADVANCES THE UNIVERSITY OF TEXAS AT AUSTIN IN ITS PURSUIT OF EXCELLENCE. WE WORK CLOSELY WITH THE OFFICE OF THE PRESIDENT TO IDENTIFY, FUND AND IMPLEMENT STRATEGIC INITIATIVES THAT ENHANCE THE UNIVERSITY'S ACADEMIC PROGRAMS, RESEARCH CAPABILITIES, AND OVERALL IMPACT.

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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 $1,299,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,299,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,375

Fundraising Expenses $0

Program Expenses $295,103

Other Expenses $239,845

TOTAL EXPENSES $349,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,299,200	N/A	N/A
Expenses	$349,220	N/A	N/A
Net Income	$949,980	N/A	N/A

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ABOUSSIE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA ALEXANDER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN EICHORST	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
GLORIA MONCRIEF	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DAN SLESNICK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ZOGG	DIRECTOR	1.00	Director	$0	$0	$0
JACK ELTIFE	EXECUTIVE DIRECTOR	40.00	Officer	$125,000	$0	$125,000

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
2025	$1,299,200	$349,220	$2,811,344	$949,980

FORTY FIRST FOUNDATION