Loiter (EIN 853523803) - 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

ISMAIL SAMAD

Phone

2169305040

Tax Period

2021-10-01 to 2022-09-30

Loiter, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2021. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 31% operating margin.

Mission

Our mission is dedicated to reconsidering and reimagining a different future for black communities centered on spatial and economic justice

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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 (2021)

Revenue Breakdown

Contributions & Grants $81,643

Program Service Revenue $70,000

Investment Income $0

Other Revenue $49,053

TOTAL REVENUE $200,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,083

Fundraising Expenses $0

Program Expenses $139,048

Other Expenses $67,965

TOTAL EXPENSES $139,048

Year-over-Year Comparison

	2021	2020	Change
Revenue	$200,696	$106,500	+0.9%
Expenses	$139,048	$89,022	+0.6%
Net Income	$61,648	$17,478	+2.5%

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

N/A

Independent Members

N/A

Employees

N/A

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

$26,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISMAIL SAMAD	CoFounder	40.00	Officer	$26,884	$0	$26,884
ALIMA SAMAD	CoFounder President	30.00	Director	$0	$0	$0
ZAC RHEINBERGER	Treasurer	1.000	Director	$0	$0	$0
DONNA DABBS	Exec Director	1.000	Director	$0	$0	$0
KIM FOREMAN	Exec Director	1.000	Director	$0	$0	$0
MORGAN TAGGART	Program Mgr	5.000	Officer	$0	$0	$0
MARC WHITE	Director	N/A	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
2022	$200,696	$139,048	$200,331	$61,648
2021	$106,500	$89,022	$57,478	$17,478

Loiter