THE ABLE CHARITABLE FOUNDATION INC (EIN 821822879) - 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

HOMANT SUSANNE

Tax Period

2019-01-01 to 2019-12-31

THE ABLE CHARITABLE FOUNDATION INC, founded in 2017, is a small nonprofit that reported $783K in total revenue in fiscal year 2019. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 326% operating deficit.

Mission

TO SUPPORT PROGRAMS DESIGNED TO ASSIST PEOPLE WITH DISABILITIES TO ACHIEVE THE MOST INDEPENDENT AND PRODUCTIVE LIFE POSSIBLE, WITH AN EMPHASIS ON EMPLOYMENT TRAINING AND OPPORTUNITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $696,109

Program Service Revenue $31,500

Investment Income $55,178

Other Revenue $0

TOTAL REVENUE $782,787

Expense Breakdown

Grants Paid $3,322,098

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,322,660

Other Expenses $15,534

TOTAL EXPENSES $3,337,632

Year-over-Year Comparison

	2019	2018	Change
Revenue	$782,787	$2,862,617	-0.7%
Expenses	$3,337,632	$36,683	+90.0%
Net Income	$-2,554,845	$2,825,934	-1.9%

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

N/A

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
HAGAN BRUCE	TREASURER	2.00	Officer	$0	$0	$0
INGRAM DWAYNE	VICE CHAIR	2.00	Officer	$0	$0	$0
SPALDING MONICA	SECRETARY	2.00	Officer	$0	$0	$0
COLE RICHARD	CHAIR	2.00	Officer	$0	$0	$0
HOMANT SUSANNE	DIRECTOR	10.00	Officer	$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
2019	$782,787	$3,337,632	$193,165	$-2,554,845
2018	$2,862,617	$36,683	$2,549,608	$2,825,934

THE ABLE CHARITABLE FOUNDATION INC