Fund for the Common Good (EIN 843726722) - 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

Mary C Acker

Phone

2402951612

Tax Period

2024-01-01 to 2024-12-31

Fund for the Common Good, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $962K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $11.1M exceeded revenue, resulting in a 1058% operating deficit.

Mission

The Organizations principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organizations mission and are exempt under IRC 501(c)(3) or 501 (c)(4).

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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 $0

Program Service Revenue $0

Investment Income $962,417

Other Revenue $0

TOTAL REVENUE $962,417

Expense Breakdown

Grants Paid $11,100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,100,000

Other Expenses $45,762

TOTAL EXPENSES $11,145,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,417	$1,373,701	-0.3%
Expenses	$11,145,762	$13,068,263	-0.1%
Net Income	$-10,183,345	$-11,694,562	-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

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
Matthew Bainum	Director	0.25	Director	$0	$0	$0
Mary C Acker	Secretary/Treasurer	0.50	Officer	$0	$0	$0
David J Korotkin	Assistant Secretary	0.25	Officer	$0	$0	$0
Stewart Bainum Jr	President and Director	2.00	Officer Director	$0	$0	$0
Sandra Bainum	Director	0.50	Director	$0	$0	$0
Bradford Bainum	Director	0.25	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	$962,417	$11,145,762	$5,658,673	$-10,183,345
2023	$1,373,701	$13,068,263	$15,928,972	$-11,694,562
2022	$-506,052	$3,876,388	$27,437,728	$-4,382,440
2021	$31,233,392	$1,867,855	$31,715,847	$29,365,537
2020	$31,512,810	$673,858	$32,616,259	$30,838,952

Fund for the Common Good