EXONERATION INITIATIVE C/O GLENN A GARBER ESQ (EIN 800314429) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

GLENN GARBER

Phone

2129659335

Tax Period

2023-01-01 to 2023-12-31

EXONERATION INITIATIVE C/O GLENN A GARBER ESQ, founded in 2009, is a micro nonprofit in the Crime & Legal sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $609K exceeded revenue, resulting in a 594% operating deficit.

Mission

EXONERATING WRONGFULLY CONVICTED, ACTUALLY INNOCENT, INDIGENT NYS PRISONERS WITHOUT DNA EVIDENCE

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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 $87,791

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $87,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,126

Fundraising Expenses $30,223

Program Expenses $516,573

Other Expenses $157,001

TOTAL EXPENSES $609,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,791	$348,376	-0.7%
Expenses	$609,127	$506,751	+0.2%
Net Income	$-521,336	$-158,375	+2.3%

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

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN A GARBER ESQ	FOUNDER	20.00	Director	$100,000	$0	$100,000
BOB BALABAN	TRUSTEE	1.00	Director	$0	$0	$0
WHITNEY SCHLIMBACH	TRUSTEE	1.00	Director	$0	$0	$0
JOSH TARNOW	TRUSTEE	1.00	Director	$0	$0	$0
GARY BUSACCA	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM HELLERSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL LOEWENSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW TOMBACK	BOARD MEMBER	2.00	Director	$0	$0	$0
REBECCA FREEDMAN	EMPLOYEE	40.00	Highest	$161,662	$0	$161,662

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	$87,791	$609,127	$259,398	$-521,336
2022	$348,376	$506,751	$780,734	$-158,375
2021	$905,286	$459,343	$939,109	$445,943
2020	$578,614	$332,132	$520,126	$246,482
2019	$357,401	$268,381	$246,684	$89,020
2018	$119,626	$366,759	$157,664	$-247,133

EXONERATION INITIATIVE C/O GLENN A GARBER ESQ