1ST FOUNDATION CHARITABLE CORPORATION

EIN: 832991037 501(c)(3) Diseases & Disorders

SPIRO, OK

Total Revenue
$323,044
Total Expenses
$114,598
Total Assets
$221,423
Net Assets
$221,423
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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
2019
Legal Domicile
OK
Principal Officer
IRIS BECKETT
Phone
9187219477
Tax Period
2021-01-01 to 2021-12-31

1ST FOUNDATION CHARITABLE CORPORATION, founded in 2019, is a small nonprofit in the Diseases & Disorders sector that reported $323K in total revenue in fiscal year 2021. The organization ran a surplus of $208K, a strong 65% operating margin.

Mission

TO HARNESS THE POWER OF THE MOST CREATIVE PEOPLE, BRANDS AND ORGANIZATIONS TO FIGHT HOMELESSNESS AND SAVE LIVES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $323,044
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $323,044

Expense Breakdown

Grants Paid $96,916
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,616
Other Expenses $17,682
TOTAL EXPENSES $114,598

Year-over-Year Comparison

2021 2020 Change
Revenue $323,044 N/A N/A
Expenses $114,598 N/A N/A
Net Income $208,446 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEKOL ARMSTRONG SECRETARY/DI 10.00
Officer Director
$0 $0 $0
IRIS BECKETT EXEC. DIRECT 10.00
Officer Director
$0 $0 $0
DEE GLOVER TREASURER/DI 10.00
Officer Director
$0 $0 $0
NATALIE JACKSON PRESIDENT 10.00
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
2021 $323,044 $114,598 $221,423 $208,446
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