REFORM ACTION FUND

EIN: 843260533 Crime & Legal

NEW YORK, NY

Total Revenue
$1,573,794
Total Expenses
$1,996,579
Total Assets
$1,126,751
Net Assets
$341,790
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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
DE
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

ADVOCACY EFFORTS TO CHANGE LAWS IN CONJUNCTION WITH THE PAROLE AND PROBATION SYSTEM IN THE U.S.

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
6
$1,779,609
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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