FIRST DESCENTS (EIN 810539964) - 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

2003

Legal Domicile

Principal Officer

ADAM SCHUSTER

Phone

3039452490

Tax Period

2023-01-01 to 2023-12-31

FIRST DESCENTS, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $4.7M in total revenue in fiscal year 2023.

Mission

FIRST DESCENTS PROVIDES LIFE-CHANGING OUTDOOR ADVENTURES TO YOUNG ADULTS IMPACTED BY CANCER AND OTHER SERIOUS HEALTH CONDITIONS.

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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 $5,260,227

Program Service Revenue $0

Investment Income $208,425

Other Revenue $-780,792

TOTAL REVENUE $4,687,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,418,084

Fundraising Expenses $1,017,224

Program Expenses $3,288,643

Other Expenses $2,200,047

TOTAL EXPENSES $4,618,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,687,860	$4,698,091	0.0%
Expenses	$4,618,131	$3,978,589	+0.2%
Net Income	$69,729	$719,502	-0.9%

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

$431,338

Total Directors

$180,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'DONOGHUE	EXECUTIVE DI	40.00	Officer	$251,343	$18,121	$269,464
RAYMOND SHEDD	VP OF ADVANC	40.00	Highest	$176,933	$13,848	$190,781
ADAM SCHUSTER	CHIEF OPERAT	40.00	Officer	$149,134	$12,740	$161,874
MACKENZIE MCGRATH	VP OF PROGRA	40.00	Highest	$108,721	$11,256	$119,977
BRAD LUDDEN	FOUNDER & BO	40.00	Director	$169,358	$11,502	$180,860
DEBBIE KING FORD	BOARD CHAIRP	2.00	Officer	$0	$0	$0
DR BRANDON HAYES-LATTIN	VICE CHAIRPE	2.00	Officer	$0	$0	$0
ALIX BERGLUND	SECRETARY	2.00	Officer	$0	$0	$0
MICHAEL KANTOR	TREASURER	2.00	Officer	$0	$0	$0
LARRY SMITH	MEDICAL DIRE	2.00	Director	$0	$0	$0
BRENT GOLDSTEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOEL APPEL	BOARD MEMBER	2.00	Director	$0	$0	$0
TANUM DAVIS BOHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KIP CROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL GROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN RAGGERTY	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD REISS	BOARD MEMBER	2.00	Director	$0	$0	$0
KAMMI REISS	BOARD MEMBER	2.00	Director	$0	$0	$0
JEAN SMART	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$4,687,860	$4,618,131	$8,523,002	$69,729
2022	$4,698,091	$3,978,589	$9,193,462	$719,502
2021	$4,632,014	$2,535,532	$8,441,056	$2,096,482
2020	$5,353,262	$2,286,273	$7,107,473	$3,066,989
2019	$3,585,157	$3,141,034	$3,319,469	$444,123
2018	$3,915,929	$3,116,989	$3,258,497	$798,940

FIRST DESCENTS