MORGAN HOFFMANN FOUNDATION (EIN 824228151) - 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

2018

Legal Domicile

Principal Officer

MORGAN HOFFMANN

Phone

2163285700

Tax Period

2024-01-01 to 2024-12-31

MORGAN HOFFMANN FOUNDATION, founded in 2018, is a small nonprofit in the Diseases & Disorders sector that reported $291K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $464K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO LEAD THE RACE TO FIND A CURE FOR MUSCULAR DYSTROPHY THROUGH RESEARCH AND THE ESTABLISHMENT OF HEALTH & WELLNESS CENTERS.

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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 $382,304

Program Service Revenue $0

Investment Income $754

Other Revenue $-91,703

TOTAL REVENUE $291,355

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $128,186

Fundraising Expenses $0

Program Expenses $52,413

Other Expenses $329,382

TOTAL EXPENSES $463,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,355	$406,131	-0.3%
Expenses	$463,568	$287,123	+0.6%
Net Income	$-172,213	$119,008	-2.4%

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

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	Role	Reportable Comp	Other Comp	Total
MORGAN HOFFMAN	PRESIDENT/DIRECTOR	Officer	$0	$0	$0
CHELSEA COLVARD	VICE PRESIDENT/DIRECTOR	Officer	$0	$0	$0
DAVE LIGHTNER	TREASURER	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
2024	$291,355	$463,568	$2,056,148	$-172,213
2023	$406,131	$287,123	$2,225,785	$119,008
2022	$210,982	$291,292	$2,050,008	$-80,310
2021	$672,566	$301,478	$2,241,479	$371,088
2020	$566,084	$173,101	$1,791,404	$392,983

MORGAN HOFFMANN FOUNDATION