JUSTFUNDUS

EIN: 853759949 501(c)(3) Philanthropy & Grantmaking

OAKLAND, CA

Total Revenue
$5,087,764
Total Expenses
$4,581,056
Total Assets
$8,152,833
Net Assets
$6,846,295
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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
CA
Principal Officer
IARA PENG
Phone
5104859738
Tax Period
2024-01-01 to 2024-12-31

JUSTFUNDUS, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $4.6M left a modest 10% surplus.

Mission

JUSTFUND MAKES MOVING MONEY TO NONPROFITS SIMPLE AND EASY. AS THE NATION'S FIRST AND ONLY COMMON GRANT APPLICATION PLATFORM, JUSTFUND CONNECTS FUNDERS AND NONPROFITS.

Program Service Accomplishments

Program 1
Expenses: $3,633,624 Revenue: $1,034,926

JUSTFUND MAKES MOVING MONEY TO NONPROFITS SIMPLE AND EASY. AS THE NATION'S FI RST AND ONLY COMMON GRANT APPLICATION PLATFORM, JUSTFUND CONNECTS FUNDERS AND NONPROFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,978,170
Program Service Revenue $1,034,926
Investment Income $68,666
Other Revenue $6,002
TOTAL REVENUE $5,087,764

Expense Breakdown

Grants Paid $1,132,000
Salaries & Benefits $1,553,623
Fundraising Expenses $232,697
Program Expenses $3,633,624
Other Expenses $1,895,433
TOTAL EXPENSES $4,581,056

Year-over-Year Comparison

2024 2023 Change
Revenue $5,087,764 $5,943,522 -0.1%
Expenses $4,581,056 $3,317,988 +0.4%
Net Income $506,708 $2,625,534 -0.8%
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

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Governance

Voting Members
4
Independent Members
3
Employees
18
Volunteers
3

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
3
$272,819
Total Directors
4
$272,819
Key Employees
2
$428,015
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IARA PENG FOUNDER & CEO 40.00
Officer Director
$253,900 $18,919 $272,819
SHONA CHAKRAVARTTY SECRETARY 1.00
Officer Director
$0 $0 $0
MOLLY SCHULTZ HAFID TREASURER 1.00
Officer Director
$0 $0 $0
STEVE PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
MELODY LEE CHIEF OPERATING OFFICER 40.00
Key Emp
$201,500 $26,534 $228,034
PREETI SHUKLA HEAD OF PRODUCT AND ENGINEERING 40.00
Key Emp
$186,890 $13,091 $199,981
KATIE BRANCH DIRECTOR OF CUSTOMER EXPERIENCE 40.00
Highest
$144,500 $21,894 $166,394
JOSEPH MERCURIO SENIOR PRODUCT MANAGER 40.00
Highest
$139,500 $22,587 $162,087
LIZ HOFFMAN SENIOR PRODUCT MANAGER 40.00
Highest
$121,500 $18,458 $139,958
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 $5,087,764 $4,581,056 $8,152,833 $506,708
2023 $5,943,522 $3,317,988 $6,836,676 $2,625,534
2022 $3,578,116 $1,840,030 $4,102,967 $1,738,086
2021 $2,624,931 $1,052,032 $2,077,481 $1,572,899
2020 $282,900 $2,125 $280,775 $280,775
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