PHIT WORLD FOUNDATION INC

EIN: 463861749 501(c)(3) Food, Agriculture & Nutrition

WASHINGTON, DC

Total Revenue
$881,754
Total Expenses
$983,276
Total Assets
$553,805
Net Assets
$519,992
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
JIM BAUGH
Phone
5615292989
Tax Period
2024-01-01 to 2024-12-31

PHIT WORLD FOUNDATION INC, founded in 2013, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $882K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $983K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $862,099
Program Service Revenue $0
Investment Income $19,655
Other Revenue $0
TOTAL REVENUE $881,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Program Expenses $879,996
Other Expenses $953,276
TOTAL EXPENSES $983,276

Year-over-Year Comparison

2024 2023 Change
Revenue $881,754 $492,409 +0.8%
Expenses $983,276 $526,365 +0.9%
Net Income $-101,522 $-33,956 +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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$30,000
Total Directors
11
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BAUGH PRESIDENT 30.00
Officer Director
$30,000 $0 $30,000
DOUG GORDON VICE PRESIDE 5.00
Officer Director
$0 $0 $0
MIKE MAY SECRETARY 5.00
Officer Director
$0 $0 $0
RITA MORT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BALLANTINE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE LANDA BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE LETTIERI BOARD MEMBER 1.00
Director
$0 $0 $0
AUBREY MCDADE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC SWANN BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD HARVEY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY HARRISON BOARD MEMBER 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
2024 $881,754 $983,276 $553,805 $-101,522
2023 $492,409 $526,365 $650,510 $-33,956
2022 $529,850 $582,365 $699,719 $-52,515
2021 $533,996 $280,836 $727,111 $253,160
2020 $425,848 $737,572 $587,265 $-311,724
2019 $1,312,230 $615,008 $971,956 $697,222
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