FirstDay 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

1997

Legal Domicile

Phone

2109051000

Tax Period

2024-09-01 to 2025-08-31

FirstDay Foundation, founded in 1997, is a mid-sized nonprofit in the Human Services sector that reported $85.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.5M, a strong 17% operating margin.

Mission

FIRSTDAY FOUNDATION SHALL PROVIDE GENERAL ADMINISTRATIVE SUPPORT AND SERVICES TO ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAXATION AS DESCRIBED IN THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $69,713,280 Revenue: $51,348,116

THE FIRSTDAY FOUNDATION PROVIDES GENERAL AND ADMINISTRATIVE SUPPORT SERVICES TO PROVIDE EFFICIENT AND EFFECTIVE FISCAL, HUMAN RESOURCE MANAGEMENT, LEGAL, TECHNOLOGY, TALENT AND RECRUITING, REGULATORY AND COMPLIANCE, LEARNING AND DEVELOPMENT, MANAGEMENT AND ADVISORY SERVICES, PROPERTY AND RISK MANAGEMENT, AND MARKETING, BRANDING AND COMMUNICATION SERVICES TO ITS CONTROLLED SUPPORTED ORGANIZATIONS AND OTHER NON-PROFIT AGENCIES THAT ARE DESIGNATED AS SUPPORTED ORGANIZATIONS BY PURPOSE AND CLASS OF FIRSTDAY FOUNDATION.

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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 $304,977

Program Service Revenue $51,348,116

Investment Income $30,147,715

Other Revenue $3,837,383

TOTAL REVENUE $85,638,191

Expense Breakdown

Grants Paid $19,296,719

Salaries & Benefits $26,785,174

Fundraising Expenses $1,452,669

Program Expenses $69,713,280

Other Expenses $25,084,056

TOTAL EXPENSES $71,165,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,638,191	$67,463,542	+0.3%
Expenses	$71,165,949	$64,593,963	+0.1%
Net Income	$14,472,242	$2,869,579	+4.0%

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

229

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

$3,216,037

Total Directors

$1,947,237

Key Employees

$639,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Griffin	Treasurer	1.0	Officer Director	$0	$0	$0
George Cowden III	Secretary/General Counsel	1.0	Officer Director	$64,108	$0	$120,809
Kevin Dinnin	President and CEO	20.0	Officer Director	$1,744,771	$81,657	$1,826,428
Lanny Hall	Chairman	1.0	Officer Director	$0	$0	$0
Silas Ragsdale	Vice Chair	1.0	Officer Director	$0	$0	$0
David Sprouse	Director	1.0	Director	$0	$0	$0
Karen Alexander Simmons	Director	1.0	Director	$0	$0	$0
Larry Lummus	Director	1.0	Director	$0	$0	$0
Les O'Farrell	Director	1.0	Director	$0	$0	$0
Mark Smith	Director	1.0	Director	$0	$0	$0
Martha Morse	Director	1.0	Director	$0	$0	$0
Matt Orwig	Director	1.0	Director	$0	$0	$0
Myra Starkey	Director	1.0	Director	$0	$0	$0
Robert K Feather	Director	1.0	Director	$0	$0	$0
Robert Ownby Jr	Director	1.0	Director	$0	$0	$0
Scott Sharman	Director	1.0	Director	$0	$0	$0
Asennet Segura	Chief Operating Officer	50.0	Officer	$345,108	$51,702	$396,810
Claudia Oliveira	Chief Financial Officer	20.0	Officer	$428,339	$71,073	$499,412
Kari Bass	Chief Operating Officer	40.0	Officer	$324,807	$47,771	$372,578
David Krimmel	Exec Vice President/CIO	50.0	Key Emp	$265,852	$43,793	$309,645
Karen Thaxton	Exec Vice President - HR	50.0	Key Emp	$304,935	$24,439	$329,374
Beth Wasserstrum	Legal and Compliance Officer	50.0	Highest	$227,735	$17,755	$245,490
David Dauphine	Deputy Chief Financial Officer	50.0	Highest	$270,018	$8,780	$278,798
Floyd Hartsell	Chief Medical Officer	50.0	Highest	$294,680	$22,152	$316,832
Robert Rapp	Exec Vice President- Employment Laws	50.0	Highest	$222,097	$31,856	$253,953
Trevor Woodruff	Deputy General Counsel	50.0	Highest	$268,209	$17,081	$285,290

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
2025	$85,638,191	$71,165,949	$903,337,068	$14,472,242
2024	$67,463,542	$64,593,963	$868,091,590	$2,869,579
2023	$62,210,565	$63,140,535	$788,710,292	$-929,970
2022	$224,969,575	$70,066,679	$728,650,062	$154,902,896
2021	$483,114,831	$46,790,978	$811,415,321	$436,323,853
2020	$88,385,651	$23,568,832	$257,180,185	$64,816,819
2019	$52,443,102	$30,598,992	$107,775,413	$21,844,110
2018	$30,341,912	$17,679,260	$84,082,925	$12,662,652