THE DAMN GOOD FOUNDATION INC (FKA … - Form 990 Financial Data

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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

FILIP MACIOLOWSKI

Phone

9197108697

Tax Period

2024-10-03 to 2024-12-31

THE DAMN GOOD FOUNDATION INC (FKA ALTITUDE PROJECT INC), founded in 2024, is a small nonprofit in the Public Safety sector that reported $432K in total revenue in fiscal year 2024.

Mission

THIS COPORATION IS ORGANIZED TO PROVIDE IMMEDIATE AND LONG-TERM SUPPORT TO COMMUNITIES AFFECTED BY NATURAL AND MAN-MADE DISASTERS, ENSURING ACCESS TO ESSENTIAL RESOURCES SUCH AS FOOD, CLEAN WATER, SHELTER, AND MEDICAL NECESSITIES. WE AIM TO EMPOWER AFFECTED INDIVIDUALS BY RESTORING THEIR LIVELIHOODS AND PROMOTING RESILIENCE THROUGH SUSTAINABLE RECOVERY INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $433,943

DELIVERED CLOTHS, FOOD, HEALTH, AND MEDICAL SUPPLIES TO SEVERAL DROP SIGHTS AROUND ASHVILLE TO PROVIDE AID TO THOSE AFFECTED BY HURRICANE HELEN.

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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 $431,911

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $431,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $433,943

Other Expenses $433,943

TOTAL EXPENSES $433,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,911	N/A	N/A
Expenses	$433,943	N/A	N/A
Net Income	$-2,032	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

100

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
FILIP MACIOLOWSKI	DIRECTOR	1.00	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	$431,911	$433,943	$23,869	$-2,032

THE DAMN GOOD FOUNDATION INC (FKA ALTITUDE PROJECT INC)