FIRST ADDITION EXTENSION (EIN 834422223) - Form 990 Financial Analysis & Trantor Score

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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

MARCIE BUSH

Phone

6162165371

Tax Period

2024-07-01 to 2025-06-30

FIRST ADDITION EXTENSION, founded in 2019, is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $413K left a modest 8% surplus.

Mission

FIRST ADDITION IS A GOSPEL-CENTERED HOMESCHOOL PARTNERSHIP DESIGNED TO ENHANCE THE ACADEMIC, PHYSICAL, AND SOCIAL EFFORTS OF HOMESCHOOLING FAMILIES. OUR GOAL IS TO BUILD SUPPORTIVE COMMUNITY AND FAMILY CONNECTIONS THROUGH A VARIETY OF ENRICHMENT, ACADEMIC, AND ELECTIVE CLASSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,531

Program Service Revenue $439,384

Investment Income $0

Other Revenue $0

TOTAL REVENUE $449,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $389,953

Other Expenses $412,857

TOTAL EXPENSES $412,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,915	$501,801	-0.1%
Expenses	$412,857	$459,397	-0.1%
Net Income	$37,058	$42,404	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

200

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

$20,210

Total Directors

$20,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIE BUSH	PRESIDENT	15.00	Officer Director	$5,300	$0	$5,300
AMY MCKELLIPS	VICE PRESIDE	15.00	Officer Director	$5,300	$0	$5,300
JENNIFER CRAVEN	SECRETARY	15.00	Officer Director	$4,310	$0	$4,310
TERESA DEYOUNG	TREASURER	15.00	Officer Director	$5,300	$0	$5,300

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	$449,915	$412,857	$261,277	$37,058
2024	$501,801	$459,397	$209,826	$42,404
2023	$373,146	$364,450	$158,401	$8,696
2022	$305,289	$295,732	$102,840	$9,557
2021	$210,807	$193,053	$91,632	$17,754
2020	$209,676	$160,789	$67,319	$48,887

FIRST ADDITION EXTENSION