FOUNDATION FINANCIAL OFFICERS GROU… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

TIM OTTO

Phone

8564233156

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FINANCIAL OFFICERS GROUP INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO FACILITATE OPPORTUNITIES FOR THE EXCHANGE OF INFORMATION AND IDEAS, AND TO ENCOURAGE NETWORKING, AMONG ITS MEMBERS TO FURTHER THEIR DEVELOPMENT AS FINANCIAL AND INVESTMENT LEADERS AND FOUNDATION OFFICERS.

Program Service Accomplishments

Program 1

Expenses: $713,627 Revenue: $526,250

MEMBER MEETINGS - SEMI-ANNUAL MEETINGS FOR CHIEF FINANCIAL AND INVESTMENT OFFICERS OF PRIVATE FOUNDATIONS; THE AGENDA FOCUSES ON CURRENT DEVELOPMENTS AND BEST PRACTICES IN THE MANAGEMENT OF PRIVATE...

Program 2

Expenses: $129,078 Revenue: $708,900

MEMBERSHIP SERVICES; THE GROUP ENGAGES VARIOUS COMMITTEES AND INDEPEDENT CONTRACTORS TO PERFORM ANNUAL SURVEYS ON BEHALF OF ITS MEMBERS. THESE INCLUDE SURVEYS OF MEMBERS' INVESTMENT PRACTICES...

MEMBERSHIP SERVICES; THE GROUP ENGAGES VARIOUS COMMITTEES AND INDEPEDENT CONTRACTORS TO PERFORM ANNUAL SURVEYS ON BEHALF OF ITS MEMBERS. THESE INCLUDE SURVEYS OF MEMBERS' INVESTMENT PRACTICES, ADMINISTRATIVE EXPENSES, AND COMPENSATION PRACTICES. IN ADDITION, COMMITTEES ARE RESPONSIBLE FOR DEVELOPING CONTENT FOR AND FACILITATING THE EXCHANGE OF IDEAS VIA THE GROUP'S MEMBERSHIP WEBSITE.

Program 3

Expenses: $72,165

COMMITTEES - CONTENT, MEMBER ENGAGEMENT, RESEARCH, AND INVESTMENT AND ADMINISTRATIVE PROGRAM COMMITTEES DESIGNED TO MAINTAIN CONTENT AND COLLABORATION ON THE GROUP'S WEBSITE, MANAGE MEMBER...

COMMITTEES - CONTENT, MEMBER ENGAGEMENT, RESEARCH, AND INVESTMENT AND ADMINISTRATIVE PROGRAM COMMITTEES DESIGNED TO MAINTAIN CONTENT AND COLLABORATION ON THE GROUP'S WEBSITE, MANAGE MEMBER ENGAGEMENT, AND ENHANCE THE LEVEL OF DISCOURSE AMONG MEMBERS ABOUT INVESTMENT AND ADMINISTRATIVE TOPICS.

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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 $86,650

Program Service Revenue $1,235,150

Investment Income $38,103

Other Revenue $0

TOTAL REVENUE $1,359,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $914,870

Other Expenses $1,341,303

TOTAL EXPENSES $1,341,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,359,903	$1,257,246	+0.1%
Expenses	$1,341,303	$1,295,294	+0.0%
Net Income	$18,600	$-38,048	-1.5%

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
JEFFREY MALLOY	PRESIDENT (THROUGH 10/18/24)	10.00	Officer Director	$0	$0	$0
TIM OTTO	TRSR/PRES ELECT (THROUGH 10/18/24)	3.00	Officer Director	$0	$0	$0
TIM ORTEZ	SECRETARY	3.00	Officer Director	$0	$0	$0
VALERIE MARTIN	TREASURER(BEG 10/18/24)	3.00	Officer Director	$0	$0	$0
JENNIFER DEGER	DIRECTOR/TTEE (THROUGH 10/18/24)	1.00	Director	$0	$0	$0
KENNETH JONES II	DIRECTOR/TTEE (THROUGH 10/18/24)	1.00	Director	$0	$0	$0
JOYCE LEE	DIRECTOR/TTEE (THROUGH 10/18/24)	1.00	Director	$0	$0	$0
MARLOW KEE	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MOON	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN WEBSTER	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
ADEN BLISS	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
CAREY CHAMBERS	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
CHRISTY UTBERG	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
MARK RICH	DIRECTOR/TRUSTEE	1.00	Director	$0	$0	$0
MATT AGUIAR	DIRECTOR/TTEE (BEG 10/18/24)	1.00	Director	$0	$0	$0
ELIZABETH BANKS	DIRECTOR/TTEE (BEG 10/18/24)	1.00	Director	$0	$0	$0
MARIA WOODRUFF-WRIGHT	DIRECTOR/TTEE (BEG 10/18/24)	1.00	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	$1,359,903	$1,341,303	$997,852	$18,600
2023	$1,257,246	$1,295,294	$907,261	$-38,048
2022	$1,107,434	$1,308,872	$1,141,402	$-201,438
2021	$966,195	$727,735	$1,027,476	$238,460
2020	$625,292	$546,457	$788,155	$78,835
2019	$909,260	$881,338	$772,662	$27,922
2018	$712,909	$783,535	$670,257	$-70,626

FOUNDATION FINANCIAL OFFICERS GROUP INC