THE BIDEN 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

2016

Legal Domicile

Principal Officer

JEFFREY PECK

Phone

2026546200

Tax Period

2020-01-01 to 2020-12-28

THE BIDEN FOUNDATION, founded in 2016, is a micro nonprofit that reported $10K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 20288% operating deficit.

Mission

THE BIDEN FOUNDATION BUILT UPON PRESIDENT JOE BIDEN AND DR. BIDEN'S LIFELONG COMMITMENT TO PROTECT AND ADVANCE THE RIGHTS AND OPPORTUNITIES OF ALL PEOPLE THROUGH EDUCATIONAL PROGRAMMING AND PUBLIC POLICY ANALYSIS. THE FOUNDATION'S PRIMARY AREAS OF FOCUS WERE: FOREIGN POLICY, THE CANCER INITIATIVE, COMMUNITY COLLEGES AND MILITARY FAMILIES, PROTECTING CHILDREN, EQUALITY, VIOLENCE AGAINST WOMEN, AND STRENGTHENING THE MIDDLE CLASS. PRESIDENT BIDEN HAS PLAYED A UNIQUE ROLE IN OUR COUNTRY THROUGHOUT HIS YEARS OF PUBLIC SERVICE. HE HAS CHAMPIONED - AND WILL CONTINUE TO CHAMPION - PROGRESS AND PROSPERITY FOR AMERICAN FAMILIES. THE BIDEN FOUNDATION BUILT UPON THAT MISSION: TO IDENTIFY POLICIES THAT ADVANCE THE MIDDLE CLASS, DECREASE ECONOMIC INEQUALITY AND INCREASE OPPORTUNITY FOR ALL PEOPLE. IN ADDITION, THE FOUNDATION WORKED TO ENSURE THAT EVERYONE - NO MATTER THEIR INCOME LEVEL, RACE, GENDER, AGE OR SEXUALITY - IS TREATED EQUALLY AND GETS A FAIR SHOT AT ACHIEVING THE AMERICAN DREAM.

Program Service Accomplishments

Program 1

Expenses: $1,835,265 Revenue: $0

THE BIDEN FOUNDATION SUSPENDED ACTIVITIES IN APRIL 2019. AS PART OF THE FINAL DISSOLUTION OF THE ORGANIZATION, THE FOUNDATION GRANTED THE BALANCE OF ITS FUNDS TO THE BEAU BIDEN FOUNDATION FOR THE...

THE BIDEN FOUNDATION SUSPENDED ACTIVITIES IN APRIL 2019. AS PART OF THE FINAL DISSOLUTION OF THE ORGANIZATION, THE FOUNDATION GRANTED THE BALANCE OF ITS FUNDS TO THE BEAU BIDEN FOUNDATION FOR THE PROTECTION OF CHILDREN FOR USE IN ITS PROGRAMMATIC ACTIVITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $10,304

Other Revenue $0

TOTAL REVENUE $10,304

Expense Breakdown

Grants Paid $1,835,265

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,835,265

Other Expenses $265,559

TOTAL EXPENSES $2,100,824

Year-over-Year Comparison

	2020	2019	Change
Revenue	$10,304	$333,833	-1.0%
Expenses	$2,100,824	$1,969,094	+0.1%
Net Income	$-2,090,520	$-1,635,261	+0.3%

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

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
VALERIE BIDEN OWENS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY PECK	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
TED KAUFMAN	CHAIR	1.00	Officer Director	$0	$0	$0
MARK GITENSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK ANGELSON	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
MICAELA FERNANDEZ ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ISAAC	DIRECTOR	1.00	Director	$0	$0	$0
DARLA POMEROY	DIRECTOR	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
2020	$10,304	$2,100,824	No data	$-2,090,520
2019	$333,833	$1,969,094	$2,094,221	$-1,635,261
2018	$3,296,113	$3,487,596	$3,822,231	$-191,483