COMMONWEALTH IMPACT FOUNDATION INC (EIN 850781875) - 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

JAY HEIN

Phone

3174722020

Tax Period

2023-01-01 to 2023-12-31

COMMONWEALTH IMPACT FOUNDATION INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $10.3M exceeded revenue, resulting in a 89% operating deficit.

Mission

COMMONWEALTH HARNESSES ENTREPRENEURIAL TALENT TO CREATE MORE OPPORTUNITIES FOR EVERYONE TO FLOURISH.

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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 $5,031,020

Program Service Revenue $0

Investment Income $243,177

Other Revenue $194,393

TOTAL REVENUE $5,468,590

Expense Breakdown

Grants Paid $9,517,767

Salaries & Benefits $0

Fundraising Expenses $55,540

Program Expenses $9,979,929

Other Expenses $803,362

TOTAL EXPENSES $10,321,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,468,590	$11,685,333	-0.5%
Expenses	$10,321,129	$1,796,879	+4.7%
Net Income	$-4,852,539	$9,888,454	-1.5%

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
JAY HEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WINSTON JUSTICE	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFF BENSON	BOARD MEMBER	1.00	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	$5,468,590	$10,321,129	$11,048,975	$-4,852,539
2022	$11,685,333	$1,796,879	$16,611,239	$9,888,454
2021	$5,754,974	$650,488	$5,251,315	$5,104,486

COMMONWEALTH IMPACT FOUNDATION INC