FOREVER 49 FOUNDATION

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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

ANDREW J NIEMAN

Phone

5136462992

Tax Period

2023-01-01 to 2023-12-31

FOREVER 49 FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $103K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 71% operating margin.

Mission

AN ACADEMIC SCHOLARSHIP TO PROVIDE A CINCINNATI STUDENT/STUDENTS, AFFECTED BY CANCER, AN ECONOMIC OPPORTUNITY TO ALLEVIATE STRESS AND FINANCIAL BURDEN.

Program Service Accomplishments

Program 1

Expenses: $28,539

THE FOUNDATION WAS FORMED IN 2019 IN ORDER TO CONTINUE TO HONOR THE MEMORY OF BETH VISSING NIEMAN BY OFFERING TUITION ASISTANCE TO A STUDENT OR STUDENTS OF LASALLE AND/OR MERCY MCAULEY HIGH SCHOOLS WHO ARE AFFECTED IN SOME WAY BY CANCER, WHETHER IT BE A LOVED ONE'S ILLNESS OR THE STUDENT'S ILLNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $109,751

Program Service Revenue $0

Investment Income $11,359

Other Revenue $-17,953

TOTAL REVENUE $103,157

Expense Breakdown

Grants Paid $27,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,539

Other Expenses $1,736

TOTAL EXPENSES $29,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,157	$85,540	+0.2%
Expenses	$29,536	$21,910	+0.3%
Net Income	$73,621	$63,630	+0.2%

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

N/A

Volunteers

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
ANDREW J NIEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELEANOR NIEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
COLLEEN FARMER	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
JOEY NIEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DREW NIEMAN	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$103,157	$29,536	$340,061	$73,621
2022	$85,540	$21,910	$255,136	$63,630