SHRINK THE TAX GAP INC

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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

2021

Legal Domicile

Phone

7033541800

Tax Period

2023-01-01 to 2023-12-31

SHRINK THE TAX GAP INC, founded in 2021, is a small nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 30% operating margin.

Mission

MAKE THE FEDERAL TAX SYSTEM FAIR FOR EVERYONE WHO PAYS THEIR TAXES

Program Service Accomplishments

Program 1

Expenses: $70,489

ADVERTISE THE PROPOSAL SET FORTH BY THE ORGANIZATION TO HELP CLOSE THE GAP BETWEEN TAXES OWED AND TAXES COLLECTED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,489

Other Expenses $70,489

TOTAL EXPENSES $70,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,000	$200,868	-0.5%
Expenses	$70,489	$211,395	-0.7%
Net Income	$29,511	$-10,527	-3.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES O ROSSOTTI	PRESIDENT, SECRETARY & TRE	1.00	Officer Director	$0	$0	$0
FRED L FORMAN	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$100,000	$70,489	$35,974	$29,511
2022	$200,868	$211,395	$6,463	$-10,527
2021	$308,964	$291,974	$16,990	$16,990