American Advancement (EIN 824871132) - 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

Phone

7039963565

Tax Period

2023-01-01 to 2023-12-31

American Advancement, founded in 2018, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 139% operating deficit.

Mission

Promote public policies aimed at removing barriers to economic growth and advancing economic opportunity for the American people.

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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 $1,239,559

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,239,559

Expense Breakdown

Grants Paid $2,358,000

Salaries & Benefits $0

Fundraising Expenses $12,000

Program Expenses $2,944,164

Other Expenses $590,535

TOTAL EXPENSES $2,960,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,239,559	$16,952,657	-0.9%
Expenses	$2,960,535	$15,542,709	-0.8%
Net Income	$-1,720,976	$1,409,948	-2.2%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Evan Handy	Director	2.00	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	No data	No data	No data	No data
2023	$1,239,559	$2,960,535	$142,523	$-1,720,976
2022	$16,952,657	$15,542,709	$1,863,499	$1,409,948
2021	$796,882	$1,640,071	$348,339	$-843,189
2020	$7,334,870	$6,698,665	$1,191,528	$636,205
2019	$885,814	$330,926	$555,323	$554,888
2018	$415,000	$414,585	$415	$415

American Advancement