MIND FIRST FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

PRESTON ESTEP

Phone

4012616365

Tax Period

2024-01-01 to 2024-12-31

MIND FIRST FOUNDATION, founded in 2012, is a micro nonprofit in the Medical Research sector that reported $58K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $579K exceeded revenue, resulting in a 893% operating deficit.

Mission

DESCRIPTION OF ORGANIZATION: TO COMMUNICATE SCIENTIFIC INFORMATION AND CONDUCT COMMUNITY OUTREACH ACTIVITIES TO INCREASE PUBLIC AWARENESS OF CRITICALLY IMPORTANT SCIENTIFIC ISSUES RELATED TO THE MIND, AND TO RESEARCH MEANS FOR EXPANDING THE SCOPE OF RATIONAL AND SCIENTIFIC RESPONSES TO EMERGING CHALLENGES AND CIVILIZATIONAL THREATS, INCLUDING EMERGING PATHOGENS AND PANDEMIC RISKS. RESPONSES TO EMERGING CHALLENGES AND CIVILIZATIONAL THREATS, INCLUDING EMERGING PATHOGENS, PANDEMIC RISKS, BIOSECURITY, ARTIFICIAL INTELLIGNECE (AI), AND AI SAFETY.

Program Service Accomplishments

Program 1

Expenses: $404,924 Revenue: $635

R&D FUNDING GRANTED FOR IN-HOUSE R&D OF OPEN SOURCE SARS-COV2 VACCINE. RESEARCH OF AI MODEL ARCHITECTURES AND METHODS FOR RAPID PANDEMIC RESPONSES, INCLUDING AI MODELS FOR DESIGNING HIGHLY EFFECTIVE AND SAFE VACCINES AND FOR SELECTING IMMEDIATE-RESPONSE COUNTERMEASURES THAT ARE APPROPRIATE FOR A RANGE OF BIOWEAPON THREATS.

Program 2

SCIENTIFIC CONFERENCE SPONSORSHIP - NO FUNDS WERE GRANTED

Program 3

MIND FIRST FOUNDATION HELD TWO PUBLIC EVENTS ON THE RISKS OF AI. BOTH EVENTS WERE OPEN TO THE PUBLIC AND HELD AT MICROSOFT NEW ENGLAND RESEARCH & DEVELOPMENT CENTER. THE EVENT ON JUNE 29 FOCUSED ON THE POTENTIAL RISKS AND BENEFITS OF AI SUPERINTELLIGENCE, AND A SECOND EVENT ON NOVEMBER 22 FOCUSED ON THE WORK OF AI SAFETY PIONEER STEVE OMOHUNDRO. SPEAKERS AND PANELISTS ADDRESSED ISSUES OF IMMEDIATE RISKS (E.G. BIOWEAPONS), AS WELL AS LONGER-TERM EXTREME RISKS FROM AI, AND PRESENTED AND DISCUSSED IDEAS ON HOW TO MITIGATE THESE RISKS. RADVAC AND MFF CHIEF SCIENTIST PRESTON ESTEP, PHD, PUBLISHED AN ARTICLE IN THE LEADING JOURNAL AI & SOCIETY EXAMINING UNNATURAL ATTRIBUTES OF AI, AND ASSESSING THE CONTRIBUTIONS OF THESE ATTRIBUTES TO AI-RELATED RISKS (ESTEP, PRESTON W. "MULTIPLE UNNATURAL ATTRIBUTES OF AI UNDERMINE COMMON ANTHROPOMORPHICALLY BIASED TAKEOVER SPECULATIONS." AI & SOCIETY (2024): 1-16.)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $635

Program Service Revenue $0

Investment Income $57,651

Other Revenue $0

TOTAL REVENUE $58,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,482

Fundraising Expenses $0

Program Expenses $404,924

Other Expenses $99,571

TOTAL EXPENSES $579,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,286	$51,988	+0.1%
Expenses	$579,053	$489,788	+0.2%
Net Income	$-520,767	$-437,800	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$334,667

Total Directors

$447,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRESTON W ESTEP III	PRESIDENT	40.00	Officer Director	$232,667	$0	$232,667
ALEXAND P HOEKSTRA	SECRETARY	40.00	Officer Director	$102,000	$0	$102,000
BRIAN DELANEY	DIRECTOR	40.00	Director	$48,000	$0	$48,000
SHELLY ESTEP	FINANCIAL ADMINISTRATOR	10.00	Director	$65,000	$0	$65,000
RANJAN AHUJA	DIRECTOR	2.00	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	$58,286	$579,053	$2,025,140	$-520,767
2023	$51,988	$489,788	$2,548,402	$-437,800
2022	$2,946,833	$325,484	$3,085,920	$2,621,349
2022	$2,915,778	$326,657	$2,989,973	$2,589,121
2021	$567,565	$109,127	$464,571	$458,438
2021	$522,560	$108,438	$464,571	$414,122