THE L40 FOUNDATION INC (EIN 863316706) - 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

Phone

6125128002

Tax Period

2023-01-01 to 2023-12-31

THE L40 FOUNDATION INC, founded in 2021, is a micro nonprofit in the Recreation & Sports sector that reported $57K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $50K left a modest 11% surplus.

Mission

TO REMOVE SOCIOECONOMIC BARRIERS BETWEEN KIDS AND ATHLETIC ACHIEVEMENT OPPORTUNITIES AND DEVELOPMENT

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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 $56,628

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $56,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,148

Fundraising Expenses $0

Program Expenses $39,443

Other Expenses $38,977

TOTAL EXPENSES $50,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,628	$51,925	+0.1%
Expenses	$50,125	$101,793	-0.5%
Net Income	$6,503	$-49,868	-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

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

$10,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINE LOVE KEYS	SECRETARY	30.00	Officer	$4,000	$0	$4,000
DYLAN PALACIO	PRESIDENT	10.00	Officer	$6,579	$0	$6,579
CHRISTOPHER PE	TREASURER	2.00	Officer	$0	$0	$0
JOHNNI DIJULIU	VICE PRESIDENT	2.00	Officer	$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
2023	$56,628	$50,125	$6,503	$6,503
2021	$64,159	$46,295	$19,713	$17,864

THE L40 FOUNDATION INC