THE BUSINESS FOR GOOD FOUNDATION INC (EIN 320712694) - 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

2023

Legal Domicile

Principal Officer

LISA A MITZEN

Phone

5187089546

Tax Period

2024-01-01 to 2024-12-31

THE BUSINESS FOR GOOD FOUNDATION INC, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $894K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE FOUNDATION ENGAGES IN CHARITABLE GRANT-MAKING AND FINANCIAL SUPPORT OF CHARITABLE PROGRAMS OF VARIED TYPES TO SUPPORT INCLUDING ENTREPRENEURIAL SUPPORT FOR MINORITY-OWNED BUSINESSES AND IMPACT GIVING GRANTS TO LOCAL CHARITABLE PROGRAMS.

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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 $961,568

Program Service Revenue $0

Investment Income $0

Other Revenue $-67,685

TOTAL REVENUE $893,883

Expense Breakdown

Grants Paid $1,067,611

Salaries & Benefits $194,747

Fundraising Expenses $0

Program Expenses $1,067,611

Other Expenses $171,618

TOTAL EXPENSES $1,433,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$893,883	$2,102,181	-0.6%
Expenses	$1,433,976	$1,725,902	-0.2%
Net Income	$-540,093	$376,279	-2.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA A MITZEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD G MITZEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DWAYNE KILLINGS	TREASURER	1.00	Officer Director	$0	$0	$0
ANGELIQUE POWELL	SECRETARY	1.00	Officer 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	$893,883	$1,433,976	$6,210,653	$-540,093
2023	$2,102,181	$1,725,902	$385,470	$376,279

THE BUSINESS FOR GOOD FOUNDATION INC