US TERM LIMITS FOUNDATION

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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

1990

Legal Domicile

Principal Officer

PHILIP BLUMEL

Phone

2155460501

Tax Period

2023-01-01 to 2023-12-31

US TERM LIMITS FOUNDATION, founded in 1990, is a community nonprofit in the Science & Technology sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE THE UNDERSTANDING OF TERM LIMITATION, PRIMARILY THROUGH EDUCATIONAL AND PUBLIC AWARENESS CAMPAIGNS.

Program Service Accomplishments

Program 1

Expenses: $684,598

USTLF HELPED EDUCATE THOUSANDS OF CITIZENS ABOUT THE MERITS OF TERM LIMITS THROUGH EDUCATIONAL, LEGAL AND RESEARCH CAMPAIGNS. ADDITIONALLY, USTLF SPONSORED SURVEY RESEARCH (POLLS) TO TEST PUBLIC...

USTLF HELPED EDUCATE THOUSANDS OF CITIZENS ABOUT THE MERITS OF TERM LIMITS THROUGH EDUCATIONAL, LEGAL AND RESEARCH CAMPAIGNS. ADDITIONALLY, USTLF SPONSORED SURVEY RESEARCH (POLLS) TO TEST PUBLIC SUPPORT FOR TERM LIMITS.

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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 $1,017,271

Program Service Revenue $0

Investment Income $7,934

Other Revenue $0

TOTAL REVENUE $1,025,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,019

Fundraising Expenses $170,209

Program Expenses $684,598

Other Expenses $480,178

TOTAL EXPENSES $1,030,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,025,205	$658,500	+0.6%
Expenses	$1,030,197	$1,060,710	0.0%
Net Income	$-4,992	$-402,210	-1.0%

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
HOWARD RICH	CHAIRMAN	8.00	Officer Director	$0	$0	$0
PHILIP BLUMEL	PRESIDENT	10.00	Officer Director	$0	$0	$0
RICK SHEPHERD	TREASURER	5.00	Officer Director	$0	$0	$0
PAUL FARAGO	TREASURER	5.00	Officer Director	$0	$0	$0
BOB COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MERICAN	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
JOE STILWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AGLIALORO	DIRECTOR	1.00	Director	$0	$0	$0
TIM JACOB	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS TOMBOULIDES	EXECUTIVE DIRECTOR	20.00	Highest	$0	$0	$141,500
SCOTT TILLMAN	NATIONAL FIELD DIRECTOR	20.00	Highest	$0	$0	$114,275

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	$1,025,205	$1,030,197	$732,838	$-4,992
2022	$658,500	$1,060,710	$424,652	$-402,210
2021	$2,387,689	$987,188	$831,295	$1,400,501
2020	$196,794	$837,787	$104,316	$-640,993
2019	$553,475	$361,286	$31,725	$192,189
2019	$553,475	$735,005	$31,725	$-181,530
2018	$680,729	$753,251	$39,536	$-72,522