FIRST PRINCIPLES FORUM 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

Principal Officer

HEATHER CROSSIN

Phone

3173401357

Tax Period

2024-01-01 to 2024-12-31

FIRST PRINCIPLES FORUM INC, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $84K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 48% operating margin.

Mission

FIRST PRINCIPLES FORUM, INC. WAS FORMED TO SUPPORT EDUCATIONAL DEVELOPMENT IN MARION COUNTY, INDIANA AND ITS SURROUNDING COUNTIES. ADDITIONALL, THE ORGANIZATION SUPPORTS OTHER 501(C)(3) ORGANIZATIONS, AS DEFINED IN THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $38,215 Revenue: $77,531

FIRST PRINCIPLES FORUM HOSTED BETWEEN 350-500 ATTENDEES REPRESENTING A CROSS SECTION OF THE COMMUNITY AT 2 EDUCATIONAL EVENTS IN 2024. THESE EVENTS INCLUDING PANELS AND LECTURES FEATURING DIVERSE...

FIRST PRINCIPLES FORUM HOSTED BETWEEN 350-500 ATTENDEES REPRESENTING A CROSS SECTION OF THE COMMUNITY AT 2 EDUCATIONAL EVENTS IN 2024. THESE EVENTS INCLUDING PANELS AND LECTURES FEATURING DIVERSE SPEAKERS OF NATIONAL OR LOCAL PROMINENCE ON CURRENT EVENTS. ATTENDEES WERE PROVIDED OPPORTUNITIES TO ASK QUESTIONS OF THE SPEAKERS AND HOLD SMALL GROUP DISCUSSIONS TO FURTHER THEIR UNDERSTANDING OF THE TOPIC.

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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 $3,700

Program Service Revenue $77,531

Investment Income $2,534

Other Revenue $0

TOTAL REVENUE $83,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,215

Other Expenses $43,259

TOTAL EXPENSES $43,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,765	$76,063	+0.1%
Expenses	$43,259	$54,937	-0.2%
Net Income	$40,506	$21,126	+0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER CROSSIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ERIN TUTTLE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIA DREW	TREASURER	2.00	Officer 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	$83,765	$43,259	$168,678	$40,506
2023	$76,063	$54,937	$128,172	$21,126
2022	$205,959	$160,459	$107,046	$45,500
2021	$244,170	$182,624	$61,546	$61,546