America First Legal Foundation (EIN 862190372) - 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

Stephen Miller

Phone

2029643721

Tax Period

2023-01-01 to 2023-12-31

America First Legal Foundation, founded in 2021, is a community nonprofit in the Crime & Legal sector that reported $9.6M in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring.

Mission

See Part III, line 1.

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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 $9,419,317

Program Service Revenue $0

Investment Income $226,632

Other Revenue $761

TOTAL REVENUE $9,646,710

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $3,380,495

Fundraising Expenses $776,816

Program Expenses $8,800,879

Other Expenses $6,852,594

TOTAL EXPENSES $10,308,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,646,710	$44,399,187	-0.8%
Expenses	$10,308,089	$35,179,698	-0.7%
Net Income	$-661,379	$9,219,489	-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

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

$720,198

Total Directors

$720,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Miller	President, Executive Director	40.00	Officer Director	$223,423	$43,203	$266,626
Gene Hamilton	VP, General Counsel, Secretary	40.00	Officer Director	$290,218	$43,354	$453,572
Matt Whitaker	Director	1.00	Director	$0	$0	$0
Russ Vought	Treasurer	1.00	Officer Director	$0	$0	$0
Ed Corrigan	Director	1.00	Director	$0	$0	$0
Blake Masters	Director	1.00	Director	$0	$0	$0
Reed Rubinstein	Lawyer	40.00	Highest	$241,450	$37,275	$278,725
Nicholas Barry	Lawyer	40.00	Highest	$167,263	$33,154	$200,417
Michael Ding	Lawyer	40.00	Highest	$174,830	$38,803	$213,633
Lathika Mary Thomas	Chief Development Officer	40.00	Highest	$261,862	$5,636	$267,498
Ian Prior	Lawyer	40.00	Highest	$217,669	$35,546	$373,215

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	$9,646,710	$10,308,089	$13,167,362	$-661,379
2022	$44,399,187	$35,179,698	$13,635,863	$9,219,489
2021	$6,388,442	$2,150,423	$4,359,987	$4,238,019

America First Legal Foundation