Fund for Guaranteed Income (EIN 861909049) - 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

2021

Legal Domicile

Principal Officer

NICHOLAS SALAZAR

Phone

6502603982

Tax Period

2023-01-01 to 2023-12-31

Fund for Guaranteed Income, founded in 2021, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

Support the research, infrastructure, and implementation of guaranteed income initiatives.

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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 $3,574,844

Program Service Revenue $445,694

Investment Income $145,171

Other Revenue $0

TOTAL REVENUE $4,165,709

Expense Breakdown

Grants Paid $3,703,445

Salaries & Benefits $341,000

Fundraising Expenses $20,114

Program Expenses $4,575,848

Other Expenses $949,800

TOTAL EXPENSES $4,994,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,165,709	$9,718,167	-0.6%
Expenses	$4,994,245	$2,748,005	+0.8%
Net Income	$-828,536	$6,970,162	-1.1%

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

Employees

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

$205,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS SALAZAR	CHIEF OPERATING OFFICER	50.0	Officer	$205,668	$0	$205,668
NIKA SOON-SHIONG	PRESIDENT	50.0	Officer Director	$0	$0	$0
JIMMY HO	SECRETARY	2.0	Director	$0	$0	$0
Douglas Reed Maughan	TREASURER	2.0	Director	$0	$0	$0
ED HSU	BOARD MEMBER	2.0	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	$4,165,709	$4,994,245	$6,929,135	$-828,536
2022	$9,718,167	$2,748,005	$7,105,093	$6,970,162

Fund for Guaranteed Income