Fundamental Needs Inc

EIN: 853603760 501(c)(3) Food, Agriculture & Nutrition

Cortez, CO

Total Revenue
$639,347
Total Expenses
$494,891
Total Assets
$353,858
Net Assets
$300,282
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
Justice Ramos
Phone
3258290949
Tax Period
2025-01-01 to 2025-12-31

Fundamental Needs Inc, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $639K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 23% operating margin.

Mission

At Fundamental Needs we partner with underserved communities in the United States to address critical gaps in access to clean drinking water electricity education and vocational opportunities. By combining community-led approaches with practical solutions we empower individuals and families to overcome systemic barriers and create lasting change. Our key initiatives include: The Oasis Project: Installed 170 off-grid water systems in the Navajo Nation providing sustainable clean water while training local high school students in vocational skills. Entrepreneurship Program: A business education program at SWOS teaching market research financial literacy and business planning with a final pitch competition and mentorship from Fort Lewis College and CU Boulder. Cortez Makerspace In Development: Piloted workforce training in 3D printing CNC machining and business development while securing partnerships for future certifications and technical training.

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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 (2025)

Revenue Breakdown

Contributions & Grants $656,345
Program Service Revenue $0
Investment Income $0
Other Revenue $-16,998
TOTAL REVENUE $639,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,187
Fundraising Expenses $31,493
Program Expenses $431,006
Other Expenses $404,704
TOTAL EXPENSES $494,891

Year-over-Year Comparison

2025 2024 Change
Revenue $639,347 $507,510 +0.3%
Expenses $494,891 $574,129 -0.1%
Net Income $144,456 $-66,619 -3.2%
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

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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
7
Independent Members
5
Employees
N/A
Volunteers
30

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
$74,313
Total Directors
6
$92,313
Key Employees
2
$67,313
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justice Ramos Executive Director 50.00
Officer Director Key Emp
$49,313 $0 $49,313
Jennie Ramos Board Chairwoman and PM 10.00
Officer Director
$25,000 $0 $25,000
Kashon Harrison Board member and New Mexico PM 20.00
Director Key Emp
$18,000 $0 $18,000
Joe Ramos Board Member 1.00
Director
$0 $0 $0
Jonathan Walck Board Member 1.00
Director
$0 $0 $0
Alex Scales 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
2025 $639,347 $494,891 $353,858 $144,456
2024 No data No data No data No data
2023 $383,569 $276,864 $262,263 $106,705
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