BITCOIN GIVES FOUNDATION

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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

RICHARD HOFFMAN

Phone

2124334400

Tax Period

2022-01-01 to 2022-12-16

BITCOIN GIVES FOUNDATION, founded in 2018, is a micro nonprofit that reported $198K in total revenue in fiscal year 2022. Revenue fell 125% from the prior year — a significant decline worth monitoring.

Mission

PHILANTHROPIC ORGANIZATION FOCUSED ON ACCEPTING BITCOIN FROM DONORS AND FACILITATING GRANTS TO CHARITIES THROUGH DONOR ADVISED FUNDS AMONG OTHER AUTHORIZED CHARITABLE ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $489,520

DURING 2022, BITCOIN GIVES FOUNDATION MADE GRANTS THROUGH VARIOUS DONOR ADIVSED FUNDS FOR VARIOUS CHARITABLE ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $142,244

Program Service Revenue $0

Investment Income $-340,742

Other Revenue $0

TOTAL REVENUE $-198,498

Expense Breakdown

Grants Paid $484,274

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $489,520

Other Expenses $5,246

TOTAL EXPENSES $489,520

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-198,498	$781,340	-1.3%
Expenses	$489,520	$93,322	+4.2%
Net Income	$-688,018	$688,018	-2.0%

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
RICHARD HOFFMAN	DIRECTOR AND PRESIDENT	0.50	Officer Director	$0	$0	$0
BRIAN RAFTERY	DIRECTOR AND SECRETARY	0.50	Officer Director	$0	$0	$0
REUBEN GRINBERG	DIRECTOR AND TREASURER	0.50	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
2022	$-198,498	$489,520	No data	$-688,018
2021	$781,340	$93,322	$688,018	$688,018
2020	$503,960	$503,960	No data	No data