BELIEVE IN PEOPLE INC (EIN 473175931) - 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

C CHASE KOCH

Phone

3163208980

Tax Period

2024-01-01 to 2024-12-31

BELIEVE IN PEOPLE INC, founded in 2014, is a community nonprofit in the Civil Rights & Advocacy sector that reported $7.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $203.0M exceeded revenue, resulting in a 2478% operating deficit.

Mission

THE CORPORATION'S OPERATIONS AND ACTIVITIES SHALL BE RESTRICTED TO AND ALL GRANTS MADE SOLELY FOR THE PURPOSE OF SUPPORTING ENTITIES AND INDIVIDUALS WORKING TO MOVE SOCIETY TOWARD ONE MORE FULLY CHARACTERIZED BY EQUAL RIGHTS AND MUTUAL BENEFIT WHERE PEOPLE SUCCEED BY HELPING OTHERS IMPROVE THEIR LIVES AND EVERYONE HAS THE OPPORTUNITY TO FULFILL THEIR POTENTIAL. THE ACTIONS OF THE CORPORATION SHALL AT ALL TIMES BE CONSISTENT WITH THE PRINCIPLES OF HUMAN PROGRESS. . . [W]HILE THE UNDERLYING PRINCIPLES THAT INFORM THIS GUIDANCE ARE TIMELESS AND MUST REMAIN THE NORTH STAR FOR THOSE RESPONSIBLE FOR THIS CORPORATION, THE VISIONS AND STRATEGIES REQUIRED TO MOVE SOCIETY MUST BE CONTINUALLY TRANSFORMED AS CONDITIONS CHANGE.

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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 $7,762,776

Other Revenue $114,365

TOTAL REVENUE $7,877,141

Expense Breakdown

Grants Paid $200,104,095

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,104,095

Other Expenses $2,930,375

TOTAL EXPENSES $203,034,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,877,141	$7,049,637	+0.1%
Expenses	$203,034,470	$381,194,116	-0.5%
Net Income	$-195,157,329	$-374,144,479	-0.5%

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

N/A

Volunteers

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
CHARLES CHASE KOCH	DIRECTOR/CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID L ROBERTSON	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN HOOKS	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
BRETT WASINGER	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
BRANDON BAKER	ASSISTANT TREASURER	1.00	Officer	$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	$7,877,141	$203,034,470	$3,890,237,992	$-195,157,329
2023	$7,049,637	$381,194,116	$4,085,291,226	$-374,144,479
2022	$4,310,952,192	$35,074,356	$4,276,065,883	$4,275,877,836
2020	$52	$2,370,232	$188,577	$-2,370,180
2019	$10,421,154	$8,293,690	$3,227,419	$2,127,464

BELIEVE IN PEOPLE INC