FRIENDS OF THE TRUMAN FOUNDATION (EIN 814483070) - 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

TERRY BABCOCK-LUMISH

Phone

2023954831

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE TRUMAN FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $275K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $125K, a strong 45% operating margin.

Mission

HARRY S. TRUMAN SCHOLARSHIP FOUNDATION, THE ORGANIZATION RAISES, MANAGES AND DISBURSES SUPPORT FOR THE OPERATIONS AND ACTIVITIES OF THE HARRY S. TRUMAN SCHOLARSHIP FOUNDATION AND ITS MISSION.

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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 $192,042

Program Service Revenue $0

Investment Income $83,059

Other Revenue $0

TOTAL REVENUE $275,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,727

Fundraising Expenses $16,065

Program Expenses $69,773

Other Expenses $45,827

TOTAL EXPENSES $150,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,101	$531,701	-0.5%
Expenses	$150,554	$164,376	-0.1%
Net Income	$124,547	$367,325	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ELLEN CALLAHAN	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW RICH	CHAIRMAN	0.50	Officer Director	$0	$0	$0
HORACIO TRUJILLO	CFO	0.00	Officer Director	$0	$0	$0
STEVEN COHEN	DIRECTOR	0.00	Director	$0	$0	$0
FREDERICK SLABACH	DIRECTOR	0.00	Director	$0	$0	$0
TERRY BABCOCK-LUMISH	CEO	10.00	Officer 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	$275,101	$150,554	$2,298,281	$124,547
2023	$531,701	$164,376	$1,914,412	$367,325
2022	$408,087	$185,027	$1,330,614	$223,060
2021	$326,994	$148,287	$1,382,740	$178,707
2020	$293,926	$110,398	$1,152,663	$183,528

FRIENDS OF THE TRUMAN FOUNDATION