AMERICAN PURPOSE LLC

EIN: 833490835 501(c)(3) Human Services

Washington, DC

Total Revenue
$342,453
Total Expenses
$445,306
Total Assets
$37,187
Net Assets
$34,781
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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
DC
Principal Officer
Victor J Gedmin
Phone
2025381156
Tax Period
2023-01-01 to 2023-12-31

AMERICAN PURPOSE LLC, founded in 2019, is a small nonprofit in the Human Services sector that reported $342K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $445K exceeded revenue, resulting in a 30% operating deficit.

Mission

To promote non-partisan dialogue with a cross section of American society on key issues facing the nation.

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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 $292,244
Program Service Revenue $50,209
Investment Income $0
Other Revenue $0
TOTAL REVENUE $342,453

Expense Breakdown

Grants Paid $250
Salaries & Benefits $242,108
Fundraising Expenses $0
Program Expenses $391,904
Other Expenses $202,948
TOTAL EXPENSES $445,306

Year-over-Year Comparison

2023 2022 Change
Revenue $342,453 $501,112 -0.3%
Expenses $445,306 $407,530 +0.1%
Net Income $-102,853 $93,582 -2.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
7
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
3
$57,000
Total Directors
3
$57,000
Key Employees
1
$57,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victor Jeffrey Gedmin President 40
Officer Director Key Emp
$57,000 $0 $57,000
Francis Fukuyama Secretary 10
Officer Director
$0 $0 $0
Raymond Craig Kennedy Treasurer 2
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
2023 $342,453 $445,306 $37,187 $-102,853
2022 $501,112 $407,530 $142,407 $93,582
2021 $369,257 $337,930 $44,052 $31,327
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