FUND FOR POLICY REFORM (EIN 357090597) - 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

2015

Legal Domicile

Principal Officer

LEONARD BENARDO

Phone

3025716827

Tax Period

2023-01-01 to 2023-12-31

FUND FOR POLICY REFORM, founded in 2015, is a major nonprofit in the Community Improvement sector that reported $978.1M in total revenue in fiscal year 2023. The organization ran a surplus of $647.2M, a strong 66% operating margin.

Mission

TO PROMOTE SOCIAL WELFARE, THE COMMON GOOD AND THE GENERAL WELFARE OF PEOPLE IN COMMUNITIES

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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 $0

Program Service Revenue $0

Investment Income $978,123,206

Other Revenue $0

TOTAL REVENUE $978,123,206

Expense Breakdown

Grants Paid $327,000,000

Salaries & Benefits $25,760

Fundraising Expenses $0

Program Expenses $328,842,241

Other Expenses $3,944,293

TOTAL EXPENSES $330,970,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$978,123,206	N/A	N/A
Expenses	$330,970,053	$364,729,911	-0.1%
Net Income	$647,153,153	$-364,729,911	-2.8%

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

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

$56,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL VACHON	TRUSTEE	0.02	Director	$0	$0	$0
MARYANN CANFIELD	TRUSTEE	0.02	Director	$0	$0	$0
LEONARD BENARDO	TRUSTEE	0.02	Officer Director	$0	$0	$0
ALEXANDER SOROS	TRUSTEE	0.02	Director	$0	$0	$0
N/A	ADMINISTRATIVE TRUSTEE	0.02		$25,760	$0	$25,760
CATHERINE LIVINGSTON	SECRETARY	1.12	Officer	$18,436	$4,069	$40,941
MAIJA ARBOLINO	TREASURER	0.13	Officer	$1,433	$387	$16,021

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	No data	No data	No data	No data
2023	$978,123,206	$330,970,053	$3,256,881,319	$647,153,153
2022	No data	$364,729,911	$3,826,141,935	No data
2021	$424,703,140	$376,167,457	$4,022,077,007	$48,535,683
2020	$1,446	$275,834,264	$4,235,255,567	$-275,832,818

FUND FOR POLICY REFORM