4TH PURPOSE FOUNDATION (EIN 844085732) - 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

JOSH SMITH

Phone

8655241223

Tax Period

2023-01-01 to 2023-12-31

4TH PURPOSE FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $610K in total revenue in fiscal year 2023. Net assets of $9.6M represent 189 months of operating reserves.

Mission

4TH PURPOSE FOUNDATION WAS CREATED TO BE A CATALYST TO MAKE PRISON A PLACE OF TRANSFORMATION.

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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 $24,000

Program Service Revenue $0

Investment Income $244,892

Other Revenue $341,392

TOTAL REVENUE $610,284

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $85,198

Fundraising Expenses $0

Program Expenses $541,658

Other Expenses $500,894

TOTAL EXPENSES $636,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,284	$593,650	+0.0%
Expenses	$636,092	$1,139,331	-0.4%
Net Income	$-25,808	$-545,681	-1.0%

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
CYNTOIA BROWN LONG	REGULAR MANA	0.20	Director	$0	$0	$0
BRETT TOLLMAN	REGULAR MANA	0.20	Director	$0	$0	$0
JOSH SMITH	PRESIDENT &	1.00	Officer Director	$0	$0	$0
TRACY SMITH	SPECIAL MANA	0.20	Director	$0	$0	$0
BRYAN COLLIER	REGULAR MANA	0.20	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	$610,284	$636,092	$12,511,974	$-25,808
2022	$593,650	$1,139,331	$12,575,228	$-545,681
2021	$393,080	$558,463	$13,985,074	$-165,383
2020	$8,572,710	$112,353	$10,310,642	$8,460,357
2019	$1,280,000	No data	$1,280,000	No data

4TH PURPOSE FOUNDATION