INSTITUTE FOR FINANCIAL AWARENESS … - 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

2017

Legal Domicile

Principal Officer

NICHOLAS F HERMAN

Phone

2402523408

Tax Period

2021-01-01 to 2021-12-31

INSTITUTE FOR FINANCIAL AWARENESS INC, founded in 2017, is a micro nonprofit in the Education sector that reported $41K in total revenue in fiscal year 2021. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FREE FINANCIAL EDUCATIONAL RESOURCES TO THE PUBLIC AND AS A RESULT OF THIS TO HELP INDIVIDUALS BECOME MORE FISCALLY FIT BY UNDERSTANDING FINANCIAL PITFALLS THAT THEY MAY ENCOUNTER IN THEIR EVERYDAY LIVES.

Program Service Accomplishments

Program 1

THE FOUNDATION IS PLANNING TO EDUCATE EMPLOYEES OF VARIOUS ORGANIZATIONS ON FINANCIAL PITFALLS THAT THEY MAY ENCOUNTER IN THEIR LIVES AND PROVIDE THEM WITH RESOURSES THAT CAN HELP THEM THROUGH THOSE...

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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 (2021)

Revenue Breakdown

Contributions & Grants $40,864

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,937

Other Expenses $44,937

TOTAL EXPENSES $44,937

Year-over-Year Comparison

	2021	2020	Change
Revenue	$40,864	$23,757	+0.7%
Expenses	$44,937	$5,051	+7.9%
Net Income	$-4,073	$18,706	-1.2%

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
LALIANA G HERMAN	DIRECTOR	N/A	Director	$0	$0	$0
NICHOLAS F HERMAN	CEO	N/A	Officer Director	$0	$0	$0
ERIC J SEBOLD	DIRECTOR	N/A	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
2021	$40,864	$44,937	$16,944	$-4,073
2020	$23,757	$5,051	$21,017	$18,706
2019	$7,300	$5,250	$2,311	$2,050

INSTITUTE FOR FINANCIAL AWARENESS INC