Local First Foundation (EIN 320600640) - 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

2019

Legal Domicile

Principal Officer

Doug McCarthy

Phone

9707996618

Tax Period

2023-01-01 to 2023-12-31

Local First Foundation, founded in 2019, is a small nonprofit in the Health Care sector that reported $231K in total revenue in fiscal year 2023. The organization ran a surplus of $99K, a strong 43% operating margin.

Mission

The mission of the Local First Foundation is to build self-reliance, sense of place, and well-being for the stakeholders of the La Plata County community.

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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 $222,492

Program Service Revenue $8,620

Investment Income $227

Other Revenue $0

TOTAL REVENUE $231,339

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $41,140

Fundraising Expenses $0

Program Expenses $114,051

Other Expenses $70,596

TOTAL EXPENSES $132,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,339	N/A	N/A
Expenses	$132,736	N/A	N/A
Net Income	$98,603	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kip Koso	Chairman	4.00	Officer	$0	$0	$0
Jeanne Sczech	Vice Chair	3.00	Officer	$0	$0	$0
John Lopez	Treasurer	3.00	Officer	$0	$0	$0
Lauren Berutich	Executive Dir.	25.00	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
2023	$231,339	$132,736	$121,336	$98,603
2021	$255,396	$128,521	$239,003	$126,875

Local First Foundation