FOR-M FOUNDATION INC (EIN 844165560) - 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

2020

Legal Domicile

Principal Officer

JOE POESCHL

Phone

4144844034

Tax Period

2024-01-01 to 2024-12-31

FOR-M FOUNDATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $734K in total revenue in fiscal year 2024. Expenses of $683K left a modest 7% surplus.

Mission

DEVELOP DIVERSE SOURCES OF TECH TALENT AND STARTUPS FROM K-12, UNIVERSITY, AND NON-TRADITIONAL CAREER PATHWAYS

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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 $725,240

Program Service Revenue $0

Investment Income $9,098

Other Revenue $0

TOTAL REVENUE $734,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,451

Fundraising Expenses $54,272

Program Expenses $576,434

Other Expenses $335,406

TOTAL EXPENSES $682,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$734,338	$737,173	0.0%
Expenses	$682,857	$870,863	-0.2%
Net Income	$51,481	$-133,690	-1.4%

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

300

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

$323,458

Total Directors

$136,526

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY MULROY	CHAIR	0.50	Officer Director	$0	$0	$0
SANGEETHA RAI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAN RENOUARD	TREASURER	0.50	Officer Director	$0	$0	$0
WENDY SCHAFER	DIRECTOR	0.50	Director	$0	$0	$0
RASHI KHOSLA	DIRECTOR	0.50	Director	$0	$0	$0
GORDON NAMENI	DIRECTOR	0.50	Director	$0	$0	$0
JASON FIELDS	DIRECTOR	0.50	Director	$0	$0	$0
MARA LORD	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA JANUTIS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH POESCHL	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$136,526
GWENN PETERS	DIRECTOR	0.50	Director	$0	$0	$0
MATT MOESER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MASCHEK	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR AMAYA	DIRECTOR	0.50	Director	$0	$0	$0
KATHY HENRICH	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$38,173	$323,458

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	$734,338	$682,857	$748,556	$51,481
2023	$737,173	$870,863	$1,058,062	$-133,690
2022	$587,126	$950,680	$590,126	$-363,554
2021	$95,950	$411,230	$815,942	$-315,280
2020	$1,048,500	$230,560	$866,018	$817,940

FOR-M FOUNDATION INC