AMERICANS FOR ECONOMIC GROWTH

EIN: 463343083

WASHINGTON, DC

Total Revenue
$2,726,500
Total Expenses
$3,273,594
Total Assets
N/A
Net Assets
N/A
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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
2013
Legal Domicile
DC
Principal Officer
CRAIG VAROGA
Phone
5104578578
Tax Period
2022-01-01 to 2022-12-27

AMERICANS FOR ECONOMIC GROWTH, founded in 2013, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO ADVOCATE FOR PUBLIC POLICIES THAT SUPPORT ECONOMIC GROWTH AND INFRASTRUCTURE IMPROVEMENTS.

Program Service Accomplishments

Program 1
Expenses: $3,216,798 Revenue: $0

THE ORGANIZATION CONDUCTED RESEARCH ACTIVITIES AND EXECUTED STRATEGIC PLANS TO ADVOCATE FOR PUBLIC POLICIES THAT PROMOTE ECONOMIC GROWTH AND INFRASTRUCTURE IMPROVEMENTS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,726,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,726,500

Expense Breakdown

Grants Paid $1,888,190
Salaries & Benefits $155,881
Fundraising Expenses $5,000
Program Expenses $3,216,798
Other Expenses $1,224,523
TOTAL EXPENSES $3,273,594

Year-over-Year Comparison

2022 2021 Change
Revenue $2,726,500 $1,309,250 +1.1%
Expenses $3,273,594 $1,325,471 +1.5%
Net Income $-547,094 $-16,221 +32.7%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
2
$180,000
Total Directors
3
$180,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG VAROGA DIRECTOR,TREASURER 20.00
Officer Director
$0 $0 $180,000
MIKE RICE DIRECTOR,PRESIDENT 0.10
Officer Director
$0 $0 $0
STEVE BOUCHARD DIRECTOR 0.10
Director
$0 $0 $0
LORIANNE D'ORAZIO HCE 40.00
Highest
$144,000 $0 $144,000
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
2022 $2,726,500 $3,273,594 No data $-547,094
2021 $1,309,250 $1,325,471 $547,094 $-16,221
2020 $4,100,000 $4,458,283 $563,315 $-358,283
2019 $2,145,000 $1,787,697 $921,598 $357,303
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