False Profit Inc (EIN 465723196) - 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

2014

Legal Domicile

Principal Officer

Carrie Brown

Phone

4159932678

Tax Period

2024-01-01 to 2024-12-31

False Profit Inc, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $363K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 18% operating margin.

Mission

False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,091

Program Service Revenue $352,913

Investment Income $0

Other Revenue $0

TOTAL REVENUE $363,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,993

Other Expenses $296,982

TOTAL EXPENSES $296,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,004	$272,595	+0.3%
Expenses	$296,982	$235,058	+0.3%
Net Income	$66,022	$37,537	+0.8%

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

150

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
Carrie Brown	President	1.00	Officer Director	$0	$0	$0
Jef Pearlman	Secretary	1.00	Officer Director	$0	$0	$0
Sasha Yee	Treasurer	1.00	Officer Director	$0	$0	$0
MaryAnn Hulsman	Board Member	1.00	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	$363,004	$296,982	$179,358	$66,022
2023	$272,595	$235,058	$113,336	$37,537
2020	No data	$43,934	$77,938	No data
2019	$279,897	$252,443	$124,470	$27,454
2018	$271,429	$231,794	$97,492	$39,635

False Profit Inc