FOUNDATION FOR ACCOUNTABILITY AND CIVIC TRUST (EIN 464754874) - 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

2015

Legal Domicile

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 Organization is to work for accountability, ethics, and transparency through investigation, research and legal processes, and education of the public regarding these issues.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

FOUNDATION FOR ACCOUNTABILITY AND CIVIC TRUST