FOR THE LONG TERM

EIN: 853008040 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$1,212,425
Total Expenses
$1,074,202
Total Assets
$1,258,580
Net Assets
$1,249,957
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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
DC
Principal Officer
DAVID WALLACK
Phone
2025997540
Tax Period
2023-01-01 to 2023-12-31

FOR THE LONG TERM, founded in 2020, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.1M left a modest 11% surplus.

Mission

SEE PART III, LINE 1.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,196,505
Program Service Revenue $15,920
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,212,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $654,977
Fundraising Expenses $160,834
Program Expenses $740,663
Other Expenses $323,225
TOTAL EXPENSES $1,074,202

Year-over-Year Comparison

2023 2022 Change
Revenue $1,212,425 $1,498,250 -0.2%
Expenses $1,074,202 $514,999 +1.1%
Net Income $138,223 $983,251 -0.9%
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

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Governance

Voting Members
3
Independent Members
2
Employees
6
Volunteers
N/A

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
2
$236,193
Total Directors
3
$236,193
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WALLACK PRESIDENT / EXECUTIVE DIRECTOR 40.00
Officer Director
$226,667 $9,526 $236,193
JANET COWELL TREASURER 4.00
Officer Director
$0 $0 $0
NANCY KOPP DIRECTOR 4.00
Director
$0 $0 $0
URIAH KING POLICY DIRECTOR 40.00
Highest
$129,000 $8,466 $137,466
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 $1,212,425 $1,074,202 $1,258,580 $138,223
2022 $1,498,250 $514,999 $1,158,846 $983,251
2021 $295,000 $166,517 $129,079 $128,483
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