FAIRVOTE ACTION

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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

2002

Legal Domicile

Principal Officer

MEREDITH SUMPTER

Phone

3012704616

Tax Period

2023-01-01 to 2023-12-31

FAIRVOTE ACTION, founded in 2002, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

FAIRVOTE ACTION CAMPAIGNS FOR BETTER ELECTIONS FOR ALL. WE WIN VOTING REFORMS THAT MAKE DEMOCRACY MORE FUNCTIONAL AND REPRESENTATIVE FOR EVERY AMERICAN.

Program Service Accomplishments

Program 1

Expenses: $1,406,404 Revenue: $1,127,795

2023 FAIRVOTE ACTION (C4) ACCOMPLISHMENTSFAIRVOTE ACTION ACHIEVED SEVERAL VOTING REFORM WINS IN 2023. IN PARTNERSHIP WITH OTHER ADVOCATES AND ORGANIZATIONS, FAIRVOTE ACTION: PROVIDED FUNDING AND...

2023 FAIRVOTE ACTION (C4) ACCOMPLISHMENTSFAIRVOTE ACTION ACHIEVED SEVERAL VOTING REFORM WINS IN 2023. IN PARTNERSHIP WITH OTHER ADVOCATES AND ORGANIZATIONS, FAIRVOTE ACTION: PROVIDED FUNDING AND ADVOCACY SUPPORT FOR SUCCESSFUL CAMPAIGNS TO PASS PRO-RCV LEGISLATION IN SIX STATES AND WIN SEVEN MUNICIPAL RCV BALLOT MEASURES; LOBBIED CONGRESS IN SUPPORT OF RCV LEGISLATION AND THE FAIR REPRESENTATION ACT; HELPED CONTINUE MOVEMENT GROWTH THROUGH GRANTS TO STATE AND LOCAL RCV GROUPS; ENGAGED IN CROSS-PARTISAN EFFORTS TO CONTINUE THE USE OF RCV IN DEMOCRATIC AND REPUBLICAN PRESIDENTIAL PRIMARIES; SECURED RCV ENDORSEMENTS FROM NOTABLE THOUGHT LEADERS, EDITORIAL BOARD, AND ELECTED OFFICIALS; AND ENHANCED ORGANIZATIONAL CAPACITY THROUGH BOARD DEVELOPMENT, STRONG FUNDRAISING, AND CONTINUED INVESTMENT IN MONITORING, EVALUATION, AND LEARNING.

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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 $1,127,795

Program Service Revenue $0

Investment Income $3,108

Other Revenue $0

TOTAL REVENUE $1,130,903

Expense Breakdown

Grants Paid $97,000

Salaries & Benefits $415,112

Fundraising Expenses $19,247

Program Expenses $1,406,404

Other Expenses $986,255

TOTAL EXPENSES $1,498,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,130,903	$1,729,659	-0.3%
Expenses	$1,498,367	$1,852,519	-0.2%
Net Income	$-367,464	$-122,860	+2.0%

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

$404,793

Total Directors

Key Employees

$223,986

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WATHEN	CHAIR	1.50	Officer Director	$0	$0	$0
ANDREW YANG	VICE CHAIR	1.50	Officer Director	$0	$0	$0
MARK DE LA IGLESIA	TREASURER	1.50	Officer Director	$0	$0	$0
DR DANIELLE ALLEN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
LAN NGUYEN	ACTING CEO AND COO	5.00	Officer	$0	$33,273	$217,705
MARGARET LAWLOR	DIRECTOR OF FINANCE	5.00	Officer	$0	$34,449	$187,088
ROBERT RICHIE	SENIOR ADVISOR	5.00	Key Emp	$0	$35,538	$223,986
DAVID DALEY	SENIOR FELLOW	5.00	Highest	$0	$25,445	$172,516
BRIAN CANNON	DIRECTOR OF ADVOCACY	5.00	Highest	$0	$10,702	$151,085
DEBORAH OTIS	DIRECTOR OF RESEARCH AND POLICY	5.00	Highest	$0	$16,180	$150,903
ASHLEY HOUGHTON	VICE PRESIDENT OF POLICY & PROGRAM	5.00	Highest	$0	$18,186	$162,603
SUVARNA HULAWALE	DIRECTOR OF STRATEGY AND LEARNING	5.00	Highest	$0	$10,759	$151,929

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	$1,130,903	$1,498,367	$409,896	$-367,464
2022	$1,729,659	$1,852,519	$840,971	$-122,860
2021	$1,211,000	$492,252	$787,542	$718,748
2020	$279,800	$312,941	$10,085	$-33,141
2019	$284,000	$242,112	$43,226	$41,888
2018	$75,000	$83,243	$1,338	$-8,243