FUND FOR A BETTER FUTURE INC (EIN 812319758) - 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

2015

Legal Domicile

Principal Officer

MATTHEW ARMSBY

Phone

9164425057

Tax Period

2024-01-01 to 2024-12-31

FUND FOR A BETTER FUTURE INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $7.7M in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $14.2M exceeded revenue, resulting in a 84% operating deficit.

Mission

SEE PART III, LINE 1.

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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 $7,633,000

Program Service Revenue $1,623

Investment Income $51,394

Other Revenue $0

TOTAL REVENUE $7,686,017

Expense Breakdown

Grants Paid $10,736,382

Salaries & Benefits $1,023,639

Fundraising Expenses $28,135

Program Expenses $13,745,095

Other Expenses $2,410,853

TOTAL EXPENSES $14,171,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,686,017	$41,718,209	-0.8%
Expenses	$14,171,510	$41,402,425	-0.7%
Net Income	$-6,485,493	$315,784	-21.5%

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

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

$224,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BURNETT	DIRECTOR & CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER J ELLIMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA KONGSGAARD	DIRECTOR	1.00	Director	$0	$0	$0
PRESTON PINKETT III	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA ROY	DIRECTOR	1.00	Director	$0	$0	$0
AVI GARBOW SEE SCH O	DIRECTOR & PRESIDENT (END 10/2024)	3.00	Officer	$51,095	$4,192	$74,919
ROSINA BUGARIN SEE SCH O	TREASURER & CFO	5.00	Officer	$41,730	$9,984	$73,640
HELENA CHOI SEE SCH O	SECRETARY & VICE PRESIDENT	3.00	Officer	$20,181	$4,428	$30,927
MATTHEW ARMSBY SEE SCH O	VP & INTERIM PRES. (BEG 10/2024)	5.00	Officer	$38,924	$4,828	$45,432

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	$7,686,017	$14,171,510	$14,079,455	$-6,485,493
2023	$41,718,209	$41,402,425	$25,095,166	$315,784
2022	$56,813,604	$48,272,228	$20,878,438	$8,541,376
2021	$69,118,422	$61,884,286	$12,452,035	$7,234,136
2020	$35,157,267	$32,664,736	$3,674,140	$2,492,531

FUND FOR A BETTER FUTURE INC