FAMILY OFFICE FOUNDATION INC (EIN 472788229) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

FINANCIAL ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS DESCRIBED IN IRC 501(C)(3).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

FAMILY OFFICE FOUNDATION INC