FINAO (EIN 821543204) - 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

2017

Legal Domicile

Principal Officer

Paula Swanigan

Phone

2626379673

Tax Period

2023-01-01 to 2023-12-31

FINAO, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $314K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $402K exceeded revenue, resulting in a 28% operating deficit.

Mission

To provide food and other services to the needy.

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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 $313,088

Program Service Revenue $0

Investment Income $73

Other Revenue $930

TOTAL REVENUE $314,091

Expense Breakdown

Grants Paid $1,252

Salaries & Benefits $54,483

Fundraising Expenses $14,000

Program Expenses $344,488

Other Expenses $346,341

TOTAL EXPENSES $402,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,091	$261,270	+0.2%
Expenses	$402,076	$379,890	+0.1%
Net Income	$-87,985	$-118,620	-0.3%

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

$14,400

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leon Brown Sr	President	40.00	Officer	$14,400	$0	$14,400
Libby Adams	Secretary	35.00	Officer	$0	$0	$0
Paula Swanigan	Treasurer	30.00	Officer	$0	$0	$0
Kim Zelko	Director	15.00	Director	$0	$0	$0
Chester Parker	Director	40.00	Director	$0	$0	$0
Christopher Paulson	Director	6.00	Director	$0	$0	$0
Heather Parker	Director	1.00	Director	$0	$0	$0
Elaine Sweeny	Director	40.00	Director	$0	$0	$0
William Scott Sr	Director	1.00	Director	$0	$0	$0
Linda Mullins	Director	1.00	Director	$0	$0	$0
Cynthia Hileman	Director	40.00	Director	$0	$0	$0
Debra Brown	Director	40.00	Director	$12,000	$0	$12,000
April Guenther	Director	1.00	Director	$0	$0	$0
Ronald Tatum	Former President	10.00		$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	No data	No data	No data	No data
2023	$314,091	$402,076	$213,546	$-87,985

FINAO