THE MAD 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

KELLI HAYES

Phone

4531607570

Tax Period

2024-01-01 to 2024-12-31

THE MAD FOUNDATION INC, founded in 2015, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

THE MAD FOUNDATION, INC. SUPPORTS KOMITEEN FOR MAD SYMPOSIYM("MAD"), A CHARITABLE ORGANIZATION IN DENMARK, THROUGH VARIOUS GRANTS. THE GRANTS PROVIDED MAD TO OPERATE AND DRIVE CHANGE IN FOOD SYSTEMS, TO CONTRIBUTE TO THE HEALTH OF THE PLANET, AND TO THE LIVES OF THOSE WORKING IN FOOD. MAD HAS CREATED AN ACADEMY TO TEACH ABOUT SUSTAINABILITY, LEADERSHIP AND BUSINESS PRACTICES FOR LEADERS IN HOSPITALITY.

Program Service Accomplishments

Program 1

Expenses: $985,000 Revenue: $107,950

MAD:(TAKEN FROM THE DANISH WORD FOR "FOOD") IS A NONPROFIT-ORGANIZATION THAT INSPIRES AND EMPOWERS COOKS, SERVERS, AND EATERS TO CREATE SUSTAINABLE CHANGE. FROM LUMINARIES IN THE FIELD TO YOUNG...

MAD:(TAKEN FROM THE DANISH WORD FOR "FOOD") IS A NONPROFIT-ORGANIZATION THAT INSPIRES AND EMPOWERS COOKS, SERVERS, AND EATERS TO CREATE SUSTAINABLE CHANGE. FROM LUMINARIES IN THE FIELD TO YOUNG APPRENTICES, MAD CONNECTS INDIVIDUALS AND EQUIPS THEM TO MAKE A DIFFERENCE IN THEIR RESTAURANTS AND THE WORLD.

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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 $1,298,899

Program Service Revenue $107,950

Investment Income $18,779

Other Revenue $0

TOTAL REVENUE $1,425,628

Expense Breakdown

Grants Paid $985,000

Salaries & Benefits $212,380

Fundraising Expenses $375,763

Program Expenses $985,000

Other Expenses $136,961

TOTAL EXPENSES $1,421,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,425,628	$1,093,555	+0.3%
Expenses	$1,421,231	$1,014,303	+0.4%
Net Income	$4,397	$79,252	-0.9%

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

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

$198,625

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLI HAYES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DWAYNE SYE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BARBER	TREASURER	1.00	Director	$0	$0	$0
BRIAN KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA HELMS	DIRECTOR OF PHILANTHROPY	40.00	Key Emp	$198,625	$0	$198,625
JESSICA KOSLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE LIPPERT	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY RACHOFSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER STEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TATIANA LEVHA	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN WECHSLER TO DEC 2024	BOARD MEMBER	1.00	Director	$0	$0	$0
MELINA SHANNON-DIPIETRO	ASSISTANT TREASURER	5.00	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	No data	No data	No data	No data
2024	$1,425,628	$1,421,231	$1,383,459	$4,397
2023	$1,093,555	$1,014,303	$1,411,914	$79,252
2022	$1,030,932	$789,133	$978,497	$241,799
2022	$1,030,932	$789,133	$978,497	$241,799
2021	$707,926	$832,177	$724,123	$-124,251
2020	$436,467	$684,689	$805,035	$-248,222
2019	$1,345,721	$670,089	$950,380	$675,632
2018	$934,954	$926,200	$161,143	$8,754