BETTERFI (EIN 823083483) - 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

Phone

9313139942

Tax Period

2024-01-01 to 2024-12-31

BETTERFI, founded in 2017, is a small nonprofit in the Human Services sector that reported $368K in total revenue in fiscal year 2024. The organization ran a surplus of $98K, a strong 27% operating margin.

Mission

TO PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED, SPECIFICALLY THROUGH PROGRAMS OF FINANCIAL ASSISTANCE IN THE FORM OF AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AS WELL AS FINANCIAL EDUCATION AND COACHING SERVICES FOR LOW INCOME INDIVIDUALS AND FAMILIES.

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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 $342,122

Program Service Revenue $26,332

Investment Income $0

Other Revenue $0

TOTAL REVENUE $368,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,232

Fundraising Expenses $0

Program Expenses $150,893

Other Expenses $146,993

TOTAL EXPENSES $270,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,454	N/A	N/A
Expenses	$270,225	N/A	N/A
Net Income	$98,229	N/A	N/A

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

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
AUGUSTINE HOSCH	EXECUTIVE DIRECTOR	40.00		$55,000	$0	$55,000
JEANNINE CLEMENTS	Director	3.00	Director	$0	$0	$0
JOHN GOODSON	Director	1.00	Director	$0	$0	$0
BARRY ROLLINS	Director	2.00	Director	$0	$0	$0
NICOLETTE CAMPBELL	Director	1.00	Director	$0	$0	$0
ANDY ANDERSON	Treasurer	1.00	Officer Director	$0	$0	$0
JAYNA JOHNSON	Director	1.00	Director	$0	$0	$0
WILLIAM TITUS	President	3.00	Officer Director	$0	$0	$0
TINA WILLIAMS	Director	1.00	Director	$0	$0	$0
JAY FISHER	VICE CHAIR	1.00	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	$368,454	$270,225	$544,564	$98,229
2022	$234,469	$181,146	$467,870	$53,323
2021	$369,157	$127,670	$545,974	$241,487

BETTERFI