DEMOCRACY FORWARD 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

2017

Legal Domicile

Principal Officer

SKYE L PERRYMAN

Phone

2024489090

Tax Period

2024-07-01 to 2025-06-30

DEMOCRACY FORWARD FOUNDATION, founded in 2017, is a mid-sized nonprofit in the Crime & Legal sector that reported $65.7M in total revenue in fiscal year 2024. Revenue surged 270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.7M, a strong 56% operating margin.

Mission

TO PROTECT THE RIGHTS AND INSTITUTIONS THAT MAKE OUR NATION'S DEMOCRACY STRONG BY WORKING THROUGH THE LEGAL SYSTEM AND ADMINISTRATIVE PROCESSES TO PRESERVE THE RULE OF LAW AND HOLD GOVERNMENT ACCOUNTABLE, AND TO EDUCATE THE PUBLIC ABOUT THOSE EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $26,350,583 Revenue: $67,349

TO PROTECT THE RIGHTS AND INSTITUTIONS THAT MAKE OUR NATION'S DEMOCRACY STRONG BY WORKING THROUGH THE LEGAL SYSTEM AND ADMINISTRATIVE PROCESSES TO PRESERVE THE RULE OF LAW AND HOLD GOVERNMENT...

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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 $65,571,283

Program Service Revenue $0

Investment Income $73,435

Other Revenue $91,194

TOTAL REVENUE $65,735,912

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $14,511,801

Fundraising Expenses $406,258

Program Expenses $26,350,583

Other Expenses $14,487,834

TOTAL EXPENSES $29,049,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,735,912	$17,752,341	+2.7%
Expenses	$29,049,635	$13,028,095	+1.2%
Net Income	$36,686,277	$4,724,246	+6.8%

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

$629,081

Total Directors

Key Employees

$810,122

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC E ELIAS	CHAIR	1.00	Officer Director	$0	$0	$0
MINDY MYERS	TREASURER	1.00	Officer Director	$0	$0	$0
SAM OLIKER-FRIEDMAN	DIRECTOR (FROM 10/24)	1.00	Director	$0	$0	$0
TANIA FARANSSO	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER GUZMAN	DIRECTOR	1.00	Director	$0	$0	$0
RON KLAIN	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
SKYE L PERRYMAN	PRESIDENT AND CEO	55.00	Officer	$590,521	$38,560	$629,081
MEGAN J UZZELL	STRATEGIC INITIATIVES AND EXTERNAL AFFAIRS DIRECTO	40.00	Key Emp	$208,667	$37,187	$245,854
WILLIAM LOMAN	GENERAL COUNCIL	40.00	Key Emp	$176,654	$20,216	$196,870
ARMOND BABOOMIAN	CHIEF OF STAFF AND OPERATIONS & DEPUTY GENERAL COU	40.00	Key Emp	$160,112	$30,340	$190,452
CECILIA JACOBSEN	CHIEF PEOPLE, CULTURE, & STRATEGY	40.00	Key Emp	$172,939	$4,007	$176,946
VICTORIA NUGENT	DIRECTOR FOR STATE LITIGATION AND EMERGING ISSUES	40.00	Highest	$233,016	$29,255	$262,271
CARRIE FLAXMAN	SENIOR LEGAL ADVISOR	40.00	Highest	$218,407	$37,452	$255,859
ROBIN F THURSTON	LEGAL DIRECTOR	40.00	Highest	$236,713	$9,631	$246,344
SUNU P CHANDY	SENIOR ADVISOR	40.00	Highest	$222,353	$6,602	$228,955
BROOKE MENSCHEL	SENIOR COUNSEL	40.00	Highest	$200,577	$16,590	$217,167

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
2025	$65,735,912	$29,049,635	$60,851,543	$36,686,277
2024	$17,752,341	$13,028,095	$14,572,644	$4,724,246
2023	$12,350,896	$8,525,354	$9,837,999	$3,825,542
2022	$6,175,849	$5,154,441	$5,129,179	$1,021,408
2021	$5,297,085	$3,741,069	$4,068,777	$1,556,016
2020	$4,764,100	$4,251,116	$2,533,754	$512,984