FOUNDATION FOR ACCOUNTABILITY AND CIVIC TRUST

EIN: 464754874 501(c)(3) Education

Washington, DC

Total Revenue
$412,500
Total Expenses
$485,061
Total Assets
$9,901
Net Assets
$9,901
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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
2015
Legal Domicile
VA
Principal Officer
Neil Corkery
Phone
2027875860
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR ACCOUNTABILITY AND CIVIC TRUST, founded in 2015, is a small nonprofit in the Education sector that reported $412K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $485K exceeded revenue, resulting in a 18% operating deficit.

Mission

The mission of the Foundation for Accountability and Civic Trust is to work for accountability, ethics, and transparency through investigation, research, and legal processes, and education of the public regarding these issues.

Program Service Accomplishments

Program 1
Expenses: $441,757 Revenue: $0

During 2023, the Foundation for Accountability and Civic Trust (Organization) has continued to educate the public about government ethics laws and government transparency laws, through media outlets...

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During 2023, the Foundation for Accountability and Civic Trust (Organization) has continued to educate the public about government ethics laws and government transparency laws, through media outlets throughout the country and directly to citizens through the Organization's website and social media sites. The Organization has investigated and researched potential ethics and legal violations by public officials and made legal filings with the appropriate government entity concerning the apparent violations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $412,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $412,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $441,757
Other Expenses $485,061
TOTAL EXPENSES $485,061

Year-over-Year Comparison

2023 2022 Change
Revenue $412,500 $225,000 +0.8%
Expenses $485,061 $474,907 +0.0%
Net Income $-72,561 $-249,907 -0.7%
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
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Gustoff Director, Secretary 2
Officer Director
$0 $0 $0
Neil Corkery Director, Treasurer 4
Officer 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 No data No data No data No data
2023 $412,500 $485,061 $9,901 $-72,561
2022 $225,000 $474,907 $82,462 $-249,907
2021 $450,000 $489,227 $332,369 $-39,227
2020 $550,500 $501,279 $371,596 $49,221
2019 $600,000 $481,824 $322,375 $118,176
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