The 15 For Life Foundation Inc (EIN 863671074) - 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

Gregory Kavovit

Phone

9142635774

Tax Period

2024-01-01 to 2024-12-31

The 15 For Life Foundation Inc, founded in 2021, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Net assets of $182K represent 42 months of operating reserves.

Mission

The Foundations mission is to better equip people of all ages to understand and recognize depression and mental illness and to shed the shame and embarrassment around depression and mental illness.

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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 $51,543

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,963

Other Expenses $54,963

TOTAL EXPENSES $54,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,543	$91,679	-0.4%
Expenses	$54,963	$73,498	-0.3%
Net Income	$-3,420	$18,181	-1.2%

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

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
Andrew Kavovit	President	2.00	Officer Director	$0	$0	$0
Jeffrey Kavovit	Vice President	2.00	Officer Director	$0	$0	$0
Jack Kavovit	Treasurer	2.00	Officer Director	$0	$0	$0
Gregory Kavovit	Secretary	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	$51,543	$54,963	$182,265	$-3,420
2023	$91,679	$73,498	$185,685	$18,181

The 15 For Life Foundation Inc