PIATT FAMILY FOUNDATION (EIN 831317247) - 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

LUCAS B PIATT

Phone

7242298800

Tax Period

2024-01-01 to 2024-12-31

PIATT FAMILY FOUNDATION, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 199% operating deficit.

Mission

THE MISSION OF THE PIATT FAMILY FOUNDATION IS TO PROVIDE AID TO COMMUNITIES, ORGANIZATIONS, FAMILIES AND INDIVIDUALS THAT ARE IN FINANCIAL, MEDICAL, ENVIRONMENTAL OR CIVIL DISTRESS THROUGH THE CURATION OF FUNDRAISING EVENTS AND BENEFIT FESTIVALS.

🔒

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 $205,182

Program Service Revenue $0

Investment Income $0

Other Revenue $-193,003

TOTAL REVENUE $12,179

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,000

Other Expenses $1,393

TOTAL EXPENSES $36,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,179	$37,821	-0.7%
Expenses	$36,393	$25,000	+0.5%
Net Income	$-24,214	$12,821	-2.9%

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

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
LUCAS B PIATT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCUS M PIATT	SECRETARY	1.00	Officer 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	$12,179	$36,393	$17,581	$-24,214
2023	$37,821	$25,000	$22,345	$12,821
2022	$3,042	$50,000	$52	$-46,958

PIATT FAMILY FOUNDATION