THE 400 FOUNDATION INC

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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

Principal Officer

REGINALD BACHUS

Phone

8624140457

Tax Period

2020-01-01 to 2020-12-31

THE 400 FOUNDATION INC, founded in 2019, is a small nonprofit that reported $763K in total revenue in fiscal year 2020. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

ORGANIZE, MOBILIZE, AND ADVOCATE FOR ADVANCED SKILLS TRAINING, BLACK BUSINESS DEVELOPMENT, AND AFFORDABLE HOUSING IN NY CITY AND NY STATE.

Program Service Accomplishments

Program 1

Expenses: $701,184 Revenue: $762,854

THE 400 FOUNDATIONS PRIMARY PROGRAM EFFORT IS ORGANIZING CHURCHES AND OTHER NON-PROFITS TO ENGAGE IN ECONOMIC DEVELOPMENT WITH GAINING ACCESS TO CAPITAL AND CREATING WORK CONTRACTS/JOB OPPORTUNITIES IN PUBLIC AND PRIVATE INDUSTRY. THE 400 FOUNDATION ALSO ADVOCATES WITH GOVERNMENT TO EXPAND ECONOMIC OPPORTUNITIES FOR AFRICAN AMERICAN INDIVIDUALS AND BUSINESSES. IN RESPONSE TO COVID, IN 2020, THE 400 FOUNDATION WORKED WITH THE FOOD PANTRY PROJECT OF THE BRONX, NY. THE 400 FOUNDATION ORGANIZED 185 LOW INCOME NEW YORKERS AND PAID THEM 15 AN HOUR TO PACK FOOD BOXES FOR DELIVERY TO HUNGRY NEW YORKERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $134,865

Program Service Revenue $627,989

Investment Income $0

Other Revenue $0

TOTAL REVENUE $762,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $738,931

Fundraising Expenses $0

Program Expenses $701,184

Other Expenses $83,193

TOTAL EXPENSES $822,124

Year-over-Year Comparison

	2020	2019	Change
Revenue	$762,854	$591,137	+0.3%
Expenses	$822,124	$542,150	+0.5%
Net Income	$-59,270	$48,987	-2.2%

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

185

Volunteers

N/A

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
REV REGINALD LEE BACHUS	CHAIRMAN/PRESIDENT	025.00	Officer Director	$0	$0	$0
C VIRGINIA FIELDS	DIRECTOR	000.50	Director	$0	$0	$0
DR HAZEL DUKES	DIRECTOR	000.50	Director	$0	$0	$0
REV ADAM DURSO	DIRECTOR	000.50	Director	$0	$0	$0
JOSEPH HOLLAND	EXECUTIVE DIRECTOR	025.00	Officer	$0	$0	$0
REV KAHLI MOOTOO	VICE-PRESIDENT	025.00	Officer	$0	$0	$0
REV CLINTON MILLER	VICE-PRESIDENT	000.50	Officer	$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
2020	$762,854	$822,124	$1,034	$-59,270