FIRST LADIES INITIATIVE

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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

2011

Legal Domicile

Phone

3235404418

Tax Period

2023-07-01 to 2024-06-30

FIRST LADIES INITIATIVE, founded in 2011, is a small nonprofit in the International Affairs sector that reported $188K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

The First Ladies Initiative supports first ladies individually and collectively in their efforts to advance positive change in their communities and around the world.

Program Service Accomplishments

Program 1

Expenses: $183,237 Revenue: $0

Preparations for the Global First Ladies Academy to be held in July 2024 in partnership with Columbia University Mailman School of Public Health and the Organization of African First Ladies for...

Preparations for the Global First Ladies Academy to be held in July 2024 in partnership with Columbia University Mailman School of Public Health and the Organization of African First Ladies for Development. This academy is a four-day certified executive leadership program to advance health and development including increasing understanding of womens cancer HPV HIV AIDS and the link between health and economic empowerment.

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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 $188,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $188,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,476

Fundraising Expenses $0

Program Expenses $183,237

Other Expenses $89,891

TOTAL EXPENSES $195,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,200	$259,408	-0.3%
Expenses	$195,367	$156,463	+0.2%
Net Income	$-7,167	$102,945	-1.1%

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

$5,000

Total Directors

$66,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Field Brzeski	Executive Director	5.00	Officer Director	$5,000	$0	$5,000
Jennifer Van Duzer	Secretary	1.00	Officer Director	$0	$0	$0
Cathy Watts	Director	1.00	Director	$0	$0	$0
Lawrence Ham	Chief Financial Officer	2.00	Officer Director	$0	$0	$0
Cora Neumann	Director	20.00	Director	$61,486	$0	$61,486
Gery Ryan	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
2025	No data	No data	No data	No data
2024	$188,200	$195,367	$112,860	$-7,167
2023	$259,408	$156,463	$120,028	$102,945