The Transparency Foundation (EIN 861926940) - 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

Phone

6198060698

Tax Period

2024-01-01 to 2024-12-31

The Transparency Foundation, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $226K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $386K exceeded revenue, resulting in a 71% operating deficit.

Mission

The coporation's purpose is to provide research, education, assistance, and advocacy to make public institutions more transparent and accountable to the people they serve.

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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 (2024)

Revenue Breakdown

Contributions & Grants $222,270

Program Service Revenue $0

Investment Income $3,346

Other Revenue $0

TOTAL REVENUE $225,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,700

Fundraising Expenses $44,825

Program Expenses $298,692

Other Expenses $99,782

TOTAL EXPENSES $386,482

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,616	$354,319	-0.4%
Expenses	$386,482	$212,370	+0.8%
Net Income	$-160,866	$141,949	-2.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID T MCCULLOCH	Chairman	5.00	Officer Director	$0	$0	$0
ROBBIE RILEY	Director	0.00	Director	$0	$0	$0
MATT STOCKTON	Director	0.00	Director	$0	$0	$0
CHASE KASSEL	Director	0.00	Director	$0	$0	$0
AL MEDIOLI	Director	0.00	Director	$0	$0	$0
WILLIAM SHEFFLER	Director	0.00	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	$225,616	$386,482	$329,870	$-160,866
2023	$354,319	$212,370	$490,736	$141,949
2022	$233,706	$138,462	$353,728	$95,244
2021	$263,717	$10,220	$253,497	$253,497

The Transparency Foundation