REFORM ACTION FUND

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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

JESSICA JACKSON

Phone

5168955530

Tax Period

2024-01-01 to 2024-12-31

REFORM ACTION FUND, founded in 2019, is a community nonprofit in the Crime & Legal sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 16328% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MISSION OF THE REFORM ACTION FUND IS TO ENGAGE IN ADVOCACY ACTIVITIES ALIGNED WITH DRAMATICALLY REDUCING THE NUMBER OF PEOPLE WHO ARE UNJUSTLY UNDER THE CONTROL OF THE CRIMINAL JUSTICE SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,594,082

THE MISSION OF THE REFORM ACTION FUND IS TO ENGAGE IN ADVOCACY ACTIVITIES ALIGNED WITH DRAMATICALLY REDUCING THE NUMBER OF PEOPLE WHO ARE UNJUSTLY UNDER THE CONTROL OF THE CRIMINAL JUSTICE SYSTEM.

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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 $1,555,733

Program Service Revenue $0

Investment Income $18,061

Other Revenue $0

TOTAL REVENUE $1,573,794

Expense Breakdown

Grants Paid $325,000

Salaries & Benefits $0

Fundraising Expenses $77,432

Program Expenses $1,594,082

Other Expenses $1,671,579

TOTAL EXPENSES $1,996,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,573,794	$9,580	+163.3%
Expenses	$1,996,579	$3,098,789	-0.4%
Net Income	$-422,785	$-3,089,209	-0.9%

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

$1,779,609

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARA WU TSAI	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILIA FAZZALARI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL NOVOGRATZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RAPINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RUBIN	BOARD MEMBER/PRES/TREAS	1.00	Officer Director	$0	$0	$0
ROBERT KRAFT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WILLIAMS	CO-CHAIR	1.00	Director	$0	$0	$0
SHAWN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SAJ CHERIAN	BOARD MEMBER/SECY-NONVOTING	1.00	Officer Director	$0	$0	$0
EDWARD HERRERA	CHIEF OPERATING OFFICER(AS OF 10/24)	1.00	Officer	$0	$4,523	$73,069
JESSICA JACKSON	CHIEF EXECUTIVE OFFICER (AS OF 8/24)	1.00	Officer	$0	$36,704	$568,627
KAREN CALDWELL	CFO/ASST TREAS (UNTIL 10/24)	1.00	Officer	$0	$26,429	$487,880
ROBERT ROOKS	CHIEF EXECUTIVE OFFICER (UNTIL 7/24)	1.00	Officer	$0	$26,488	$650,033

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	$1,573,794	$1,996,579	$1,126,751	$-422,785
2023	$9,580	$3,098,789	$764,575	$-3,089,209
2022	$5,203,177	$3,982,515	$4,680,873	$1,220,662
2021	No data	$1,254,417	$2,714,158	No data
2020	$5,250,000	$2,161,477	$4,053,944	$3,088,523