USIT Foundation (EIN 812766893) - 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

2016

Legal Domicile

Principal Officer

HARVEY D POWERS

Phone

5125224411

Tax Period

2022-09-01 to 2023-08-31

USIT Foundation, founded in 2016, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2022. Revenue surged 126% from the prior year, signaling strong growth momentum. Expenses of $150K left a modest 12% surplus.

Mission

We develop undergraduate students to critically assess the world and apply their analysis in investing data science and philanthropy

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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 (2022)

Revenue Breakdown

Contributions & Grants $148,565

Program Service Revenue $22,722

Investment Income $622

Other Revenue $0

TOTAL REVENUE $171,909

Expense Breakdown

Grants Paid $99,645

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,432

Other Expenses $50,787

TOTAL EXPENSES $150,432

Year-over-Year Comparison

	2022	2021	Change
Revenue	$171,909	$75,988	+1.3%
Expenses	$150,432	$54,412	+1.8%
Net Income	$21,477	$21,576	0.0%

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

N/A

Independent Members

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARVEY D POWERS	Trustee	10.00	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
2023	$171,909	$150,432	$145,223	$21,477

USIT Foundation