The First 72 (EIN 471833909) - 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

Phone

3039465375

Tax Period

2023-01-01 to 2023-12-31

The First 72 is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 3% surplus.

Mission

Our mission is to stop the cycle of incarceration by fostering independence and self-sustainability through education,stable and secure housing & employment, health care, and community engagement. Through the leadership and wisdom of formerly incarcerated people themselves, the First 72+ transforms the re-entry experience into one that builds on the strengths and abilities of people returning home from prison and ensures that they, their families, and their communities are given the greatest opportunity to grow and thrive.

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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 $1,619,032

Program Service Revenue $0

Investment Income $1,991

Other Revenue $0

TOTAL REVENUE $1,621,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $684,566

Fundraising Expenses $148,933

Program Expenses $1,135,375

Other Expenses $816,135

TOTAL EXPENSES $1,565,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,621,023	$1,699,209	0.0%
Expenses	$1,565,295	$1,435,872	+0.1%
Net Income	$55,728	$263,337	-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

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

$243,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Sanders	CO-EXECUTIVE D	40.00	Officer	$95,000	$0	$95,000
Tyrone Smith	CO-EXECUTIVE D	40.00	Officer	$95,000	$0	$95,000
Troy Glover	Executive Dir.	40.00	Officer	$53,333	$0	$53,333

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	$1,621,023	$1,565,295	$1,406,784	$55,728
2022	$1,699,209	$1,435,872	$1,393,124	$263,337
2021	$1,803,275	$1,824,563	$1,081,213	$-21,288
2020	$2,027,585	$1,809,094	$1,110,380	$218,491
2020	$2,027,585	$1,809,094	$1,110,380	$218,491
2019	$1,712,196	$1,295,698	$749,955	$416,498
2019	$1,113,477	$1,244,049	$231,339	$-130,572

The First 72