THE SPLIT SECOND FOUNDATION INC (EIN 825240639) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

MARK RAYMOND JR

Phone

5044309429

Tax Period

2024-01-01 to 2024-12-31

THE SPLIT SECOND FOUNDATION INC, founded in 2018, is a community nonprofit in the Medical Research sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $905K, a strong 47% operating margin.

Mission

SPLIT SECOND FOUNDATION'S MISSION IS TO DELIVER COMPREHENSIVE CARE, RESOURCES, EDUCATION AND ADVOCACY TO THOSE AFFECTED BY DISABILITIES, PROMOTING INDEPENDENT LIVING AND ENHANCING THEIR QUALITY OF LIFE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,576,793

Program Service Revenue $123,242

Investment Income $0

Other Revenue $222,570

TOTAL REVENUE $1,922,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,439

Fundraising Expenses $133,808

Program Expenses $670,472

Other Expenses $306,820

TOTAL EXPENSES $1,017,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,922,605	$766,031	+1.5%
Expenses	$1,017,889	$738,516	+0.4%
Net Income	$904,716	$27,515	+31.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$76,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYMA MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG TURNER	CHAIR	1.00	Officer Director	$0	$0	$0
NELITA MANEGO-RAMEY	SECRETARY	1.00	Officer Director	$0	$0	$0
LANCE THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MACY LEDET	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN ZIMMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RAYMOND JR	CEO & PRESIDENT	40.00	Officer	$66,971	$9,039	$76,010

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	$1,922,605	$1,017,889	$1,227,620	$904,716
2023	$766,031	$738,516	$213,244	$27,515
2022	$567,805	$565,991	$188,385	$1,814
2021	$278,341	$353,293	$122,338	$-74,952

THE SPLIT SECOND FOUNDATION INC