Fahrenheit Inc (EIN 470999852) - 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

Chris Elledge

Phone

9194522038

Tax Period

2024-01-01 to 2024-12-31

Fahrenheit Inc, founded in 2014, is a small nonprofit in the Religion sector that reported $208K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Fahrenheits purpose is to develop mentoring as a way to Impact and influence communities through Training, Partnering, and Modeling. We develop Mentoring Catalysts in order to help fulfill our mission of changing society through authentic relationships.

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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 $208,225

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $208,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,876

Fundraising Expenses $0

Program Expenses $23,700

Other Expenses $100,282

TOTAL EXPENSES $206,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,225	$190,200	+0.1%
Expenses	$206,158	$194,156	+0.1%
Net Income	$2,067	$-3,956	-1.5%

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

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
Phil Torrance	Board Member	0.00	Director	$0	$0	$0
Leah Gatlin	Board Member	0.00	Director	$0	$0	$0
Marc Tabailloux	Board Member	0.00	Director	$0	$0	$0
Chris Elledge	CEO and Co-Founder	50.00	Officer Key Emp	$0	$0	$0
Christina Elledge	COO and Co-Founder	30.00	Officer Key Emp	$0	$0	$0
Lori Kenney	CFO	4.00	Officer	$0	$0	$0
John Irwin	Logistics Coordinator	15.00	Key Emp	$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	$208,225	$206,158	$53,198	$2,067
2023	$190,200	$194,156	$51,267	$-3,956
2022	$264,927	$300,868	$55,082	$-35,941
2021	$289,488	$338,038	$91,017	$-48,550
2020	$322,727	$328,292	$113,106	$-5,565
2019	$328,857	$287,163	$101,233	$41,694
2018	$212,995	$211,846	$59,444	$1,149

Fahrenheit Inc