TRUTH TO POWER FOUNDATION (EIN 825427550) - 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

SERRA FALK GOLDMAN

Phone

4155435055

Tax Period

2023-01-01 to 2023-12-31

TRUTH TO POWER FOUNDATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 494% operating deficit.

Mission

CREATED TO HONOR BILL GOLDMAN, A PROFESSOR, HISTORIAN, ACTIVIST, AND PHILANTHROPIST, THE TRUTH TO POWER FOUNDATION HIGHLIGHTS THE WORK (SEE SCHEDULE O FOR CONTINUATION).

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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 $0

Program Service Revenue $0

Investment Income $207,323

Other Revenue $0

TOTAL REVENUE $207,323

Expense Breakdown

Grants Paid $1,200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,231,124

Other Expenses $31,124

TOTAL EXPENSES $1,231,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,323	$135,001	+0.5%
Expenses	$1,231,124	$22,062	+54.8%
Net Income	$-1,023,801	$112,939	-10.1%

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

$789,392

Total Directors

$461,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SOKATCH	SECRETARY	8.0	Officer Director	$0	$42,906	$461,576
JENNIFER SPITZER	VP, FINANCE OPERATIONS & ADMIN	8.0	Officer	$0	$24,065	$327,816
SERRA FALK GOLDMAN	PRESIDENT	8.0	Officer Director	$0	$0	$0
STEPHEN D GUNTHER	TREASURER	3.0	Officer Director	$0	$0	$0
YAEL STERNHELL	DIRECTOR	8.0	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	$207,323	$1,231,124	$1,319,931	$-1,023,801
2022	$135,001	$22,062	$2,357,632	$112,939
2021	$524,388	$121,817	$2,514,577	$402,571
2020	$429,960	$210,273	$2,131,909	$219,687
2019	$300,134	$135,918	$1,923,217	$164,216
2018	$1,750,252	$22,143	$1,750,252	$1,728,109

TRUTH TO POWER FOUNDATION