2040 Foundation Inc (EIN 463891359) - Form 990 Financial Analysis & Trantor Score

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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

Phone

7049450487

Tax Period

2023-01-01 to 2023-12-31

2040 Foundation Inc, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $393K in total revenue in fiscal year 2023. Expenses of $16.5M exceeded revenue, resulting in a 4104% operating deficit.

Mission

Accelerate America's clean energy future with conservative solutions.

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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 $0

Program Service Revenue $0

Investment Income $392,925

Other Revenue $0

TOTAL REVENUE $392,925

Expense Breakdown

Grants Paid $14,324,912

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,128,148

Other Expenses $2,192,904

TOTAL EXPENSES $16,517,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,925	$-421,090	-1.9%
Expenses	$16,517,816	$17,286,494	0.0%
Net Income	$-16,124,891	$-17,707,584	-0.1%

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

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

$49,596

Total Directors

$1,458,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President	5.0	Officer Director	$0	$35,780	$49,596
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$21,514	$249,249
N/A	Board Member	2.0	Director	$0	$10,868	$400,000
N/A	Board Member	2.0	Director	$0	$62,659	$759,833
N/A	Chief Financial Officer	2.0	Officer	$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	No data	No data	No data	No data
2023	$392,925	$16,517,816	$100,049,962	$-16,124,891
2022	$-421,090	$17,286,494	$107,868,029	$-17,707,584
2021	$2,340,203	$20,966,936	$132,102,350	$-18,626,733
2020	$13,339,292	$22,299,480	$147,048,612	$-8,960,188
2019	$-396,101	$14,375,568	$154,056,662	$-14,771,669
2018	$5,370,855	$13,731,407	$143,472,057	$-8,360,552

2040 Foundation Inc