FAMILY OFFICE FOUNDATION INC

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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

TIM VOORHEES

Phone

9495104850

Tax Period

2024-01-01 to 2024-12-31

FAMILY OFFICE FOUNDATION INC, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $30K in total revenue in fiscal year 2024. Revenue surged 2154% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 15243% operating deficit.

Mission

THE SPECIFIC PURPOSE OF THE CORPORATION IS TO PROVIDE ASSISTANCE TO THER CHARITABLE ORGANIZATIONS DESCRIBED IN IRC 501(C)(3).

Program Service Accomplishments

Program 1

Expenses: $4,596,914

FINANCIAL SUPPORT TO APPROVED IRC 501(C)3 CHARITIES THAT FURTHER EDUCATIONAL, RELIGIOUS, OR OTHER CAUSES CONSISTENT WITH THE DONORS' PHILANTHROPIC DESIRES.

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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 $0

Program Service Revenue $0

Investment Income $30,387

Other Revenue $0

TOTAL REVENUE $30,387

Expense Breakdown

Grants Paid $4,595,140

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,596,914

Other Expenses $67,084

TOTAL EXPENSES $4,662,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,387	$1,348	+21.5%
Expenses	$4,662,224	$4,072,573	+0.1%
Net Income	$-4,631,837	$-4,071,225	+0.1%

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
TIM VOORHEES	PRESIDENT/TREASURER	5.00	Officer Director	$0	$0	$0
DARRYL SOPATA	DIRECTOR/ANALYST	5.00	Director	$0	$0	$0
ED COTNEY	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID CASTOR	DIRECTOR/ATTORNEY	5.00	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	$30,387	$4,662,224	$81,473,977	$-4,631,837
2023	$1,348	$4,072,573	$90,667,083	$-4,071,225
2022	$15,165	$2,597,721	$92,378,063	$-2,582,556
2021	$10,790,860	$2,887,068	$113,230,272	$7,903,792
2020	$6,120,705	$2,996,856	$106,195,304	$3,123,849
2019	$19,290,925	$4,891,085	$103,922,839	$14,399,840
2018	$24,300,543	$2,306,981	$79,575,014	$21,993,562