ECONOMIC FUNDAMENTALS INITIATIVE INC

EIN: 833451365 501(c)(3) Arts, Culture & Humanities

NEWARK, NJ

Total Revenue
$1,175,003
Total Expenses
$1,095,501
Total Assets
$2,537,969
Net Assets
$2,537,969
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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
NJ
Principal Officer
RANDALL FILER
Phone
6093574063
Tax Period
2023-01-01 to 2023-12-31

ECONOMIC FUNDAMENTALS INITIATIVE INC, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.1M left a modest 7% surplus.

Mission

TRANSLATION, PUBLICATION AND PROMOTION OF ECONOMICS TEXTBOOK(S) FOR CENTRAL AND EASTERN EUROPE AND THE COUNTRIES OF THE FORMER SOVIET UNION.

Program Service Accomplishments

Program 1
Expenses: $918,088

CREATED, ADAPTED, AND DISTRIBUTED EDUCATIONAL MATERIALS DESIGNED TO INCREASE ECONOMIC LITERACY AMONG STUDENTS, LEADERS AND CITIZENS IN CENTRAL AND EASTERN EUROPE INCLUDING THE FORMER SOVIET UNION AS...

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CREATED, ADAPTED, AND DISTRIBUTED EDUCATIONAL MATERIALS DESIGNED TO INCREASE ECONOMIC LITERACY AMONG STUDENTS, LEADERS AND CITIZENS IN CENTRAL AND EASTERN EUROPE INCLUDING THE FORMER SOVIET UNION AS WELL AS ENGAGED IN OTHER ACTIVITIES TO INCREASE THE UNDERSTANDING OF ECONOMICS AND RELATED FIELDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,137,381
Program Service Revenue $0
Investment Income $37,622
Other Revenue $0
TOTAL REVENUE $1,175,003

Expense Breakdown

Grants Paid $387,881
Salaries & Benefits $305,534
Fundraising Expenses $0
Program Expenses $918,088
Other Expenses $402,086
TOTAL EXPENSES $1,095,501

Year-over-Year Comparison

2023 2022 Change
Revenue $1,175,003 $1,265,569 -0.1%
Expenses $1,095,501 $877,736 +0.2%
Net Income $79,502 $387,833 -0.8%
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
4
Independent Members
3
Employees
N/A
Volunteers
1

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
3
$31,500
Total Directors
4
$31,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL FILER PRESIDENT 10.00
Officer Director
$31,500 $0 $31,500
RENITA ESAYIAN TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL MARKOVITZ CHAIR 1.00
Officer Director
$0 $0 $0
KATHLEEN MONE BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,175,003 $1,095,501 $2,537,969 $79,502
2022 $1,265,569 $877,736 $2,413,035 $387,833
2021 $1,255,000 $710,234 $2,025,202 $544,766
2020 $1,250,000 $620,185 $1,480,436 $629,815
2019 $1,250,000 $399,379 $850,621 $850,621
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