MY FATHERS PLAN INC

EIN: 811977340 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$498,733
Total Expenses
$328,441
Total Assets
$258,044
Net Assets
$258,044
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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
2012
Legal Domicile
MD
Phone
4438697675
Tax Period
2024-01-01 to 2024-12-31

MY FATHERS PLAN INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $499K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 34% operating margin.

Mission

THROUGH MENTAL HEALTH AWARENESS, VOCATIONAL TRAINING, YOUTH DEVELOPMENT PROGRAMMING, AND YOUTH RECREATIONAL SPORTS, WE EQUIP YOUTH WITH ESSENTIAL LIFE SKILLS AND OPPORTUNITIES FOR GROWTH TO EMPOWER YOUTH AND GROW COMMUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $498,733
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $498,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $264,358
Other Expenses $328,441
TOTAL EXPENSES $328,441

Year-over-Year Comparison

2024 2023 Change
Revenue $498,733 $399,024 +0.2%
Expenses $328,441 $362,811 -0.1%
Net Income $170,292 $36,213 +3.7%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWOOD THOMAS PRESIDENT 25.00
Officer
$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 $498,733 $328,441 $258,044 $170,292
2023 $399,024 $362,811 $141,522 $36,213
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