IMPETUS FUND

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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

ANDREW SCHULZ

Phone

2026612180

Tax Period

2024-07-01 to 2025-06-30

IMPETUS FUND, founded in 2020, is a small nonprofit that reported $749K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $10.3M exceeded revenue, resulting in a 1274% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR THE PURPOSE OF PROMOTING SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO, PROVIDING PUBLIC EDUCATION, CONDUCTING ADVOCACY, AND ENCOURAGING CIVIC ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $10,017,238 Revenue: $0

CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY - THE FUND AIMS TO ADVANCE A BROAD AGENDA OF IMPORTANT SOCIAL ISSUES USING GRANTMAKING, EDUCATION, ADVOCACY, GRASSROOTS ACTIVISM, CIVIC ENGAGEMENT, RESEARCH, LOBBYING, AND OTHER TACTICS AND STRATEGIES. THROUGH ITS EFFORTS, THE FUND'S VISION IS TO ACHIEVE A SOCIETY THAT BENEFITS EVERYONE.

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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 $508,582

Program Service Revenue $0

Investment Income $198,410

Other Revenue $41,924

TOTAL REVENUE $748,916

Expense Breakdown

Grants Paid $9,891,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,017,238

Other Expenses $402,190

TOTAL EXPENSES $10,293,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,916	$20,178,878	-1.0%
Expenses	$10,293,790	$7,571,770	+0.4%
Net Income	$-9,544,874	$12,607,108	-1.8%

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
EZRA REESE	PRESIDENT AND CHAIR (THRU 4/2025)	1.00	Officer Director	$0	$0	$0
FALONA JOY	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW SCHULZ	SECRETARY	1.00	Officer 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
2025	$748,916	$10,293,790	$5,650,452	$-9,544,874
2024	$20,178,878	$7,571,770	$16,425,841	$12,607,108
2023	$3,825,682	$2,563,865	$2,666,747	$1,261,817
2022	$2,327,145	$1,721,116	$1,330,441	$606,029
2021	$68,552,665	$67,842,594	$789,037	$710,071