FACTS EDUCATION FUND

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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

2001

Legal Domicile

Principal Officer

GERI SILVA

Phone

3239207124

Tax Period

2024-01-01 to 2024-12-31

FACTS EDUCATION FUND, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $291K in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 23% operating margin.

Mission

PRISON REFORM.

Program Service Accomplishments

Program 1

Expenses: $186,032

FAIR CHANCE PROJECT RUNS FIVE SUB-PROJECTS, THEY ARE: 1) LIFE CHANGERS - A REENTRY PROGRAM FOR FORMERLY INCARCERATED MEN AND WOMEN. 2) FUEL - A PROJECT WHICH DEVELOPS LEADERSHIP FROM AMONG FAMILY...

FAIR CHANCE PROJECT RUNS FIVE SUB-PROJECTS, THEY ARE: 1) LIFE CHANGERS - A REENTRY PROGRAM FOR FORMERLY INCARCERATED MEN AND WOMEN. 2) FUEL - A PROJECT WHICH DEVELOPS LEADERSHIP FROM AMONG FAMILY MEMBERS AND LOVED ONES OF PEOPLE SERVING A SENTENCE OF LIFE WIHOUT THE POSSIBILITY OF PAROLE. THE GROUP WORKS WITH MENA AND WOMEN INSIDE HELPIN TO DEVELOP PROGRAMS FOR A POPULATION FOR WHOM THERE ARE FEW PROGRAMS. 3) CARE FIRST COMMUNITY INVESTMENT (CFCI)-THIS PROGRAM SERVES INCARCERATED AND FORMERLY INCARCERATED PARTIFICPANTS IN LA COUNTY. THE GOAL IS TO TEACH INTRODUCTORY COURSES INSIDE THE COUNTY'S CORRECTIONAL FACILITIES AND ENROLL THIS POPULATION IN A PROGRAM THAT PROVIDES ACADEMIC, LIFE SKILLS, AND CAREER DEVELOPMENT TRAINING. 4) LEGAL CLINICS - WE CONDUCT 2 LEGAL CLINICS A MONTH WHERE ISSUES RELATED TO LAWS AND THE COURTS ARE TOPIS OF DISCUSSION, INCLUDING EXPUNGEMENTS. WE ALSO MAKE COURT APPEARANCES ON BEHALF OF FOLK WHO NEED THE SUPPORT AND A LEVEL OF EXPERIENCE WHICH CAN AID IN THE OUTCOME OF THE CASE. 5) WALKING THE YARD IS A MENTORSHIP PROGRAM WITHIN PRISON WHERE OLD-TIME LIFERS ARE MATCHED WITH YOUTH ENTERING PRISON WITH THE FOCUS ON HOW BEST TO AVOID THE PITFALLS OF PRISON LIFE. TO DATE, WE'VE HAD OVER 2,000 MENTORS IN ALL 24 PRISONS.

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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 $291,223

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $291,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,079

Fundraising Expenses $0

Program Expenses $186,032

Other Expenses $96,989

TOTAL EXPENSES $224,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,223	$117,438	+1.5%
Expenses	$224,068	$149,889	+0.5%
Net Income	$67,155	$-32,451	-3.1%

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

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

$62,560

Total Directors