Parallax Futures (EIN 871988727) - 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

Tobias Rees

Phone

5109266434

Tax Period

2022-01-01 to 2022-12-31

Parallax Futures, founded in 2021, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2022. Revenue surged 586% from the prior year, signaling strong growth momentum. The organization ran a surplus of $722K, a strong 16% operating margin.

Mission

Transformations of the human is a platform for DOING philosophy. We provide philosophical insight, aesthetically rendered, in an effort to build products practitioners and companies with philosophical agency.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,925,385

Program Service Revenue $710,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,635,385

Expense Breakdown

Grants Paid $727,282

Salaries & Benefits $2,006,493

Fundraising Expenses $333,999

Program Expenses $2,702,607

Other Expenses $1,179,586

TOTAL EXPENSES $3,913,361

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,635,385	$675,826	+5.9%
Expenses	$3,913,361	$586,020	+5.7%
Net Income	$722,024	$89,806	+7.0%

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

$720,905

Total Directors

$720,905

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tobias Rees	President/CEO	40.00	Officer Director	$368,891	$15,180	$384,071
Kim Carson	COO/Sect/Treas	40.00	Officer Director	$301,758	$35,076	$336,834
Reid Hoffman	Director	2.00	Director	$0	$0	$0
Nicolas Berggruen	Director	2.00	Director	$0	$0	$0
Bettina Kames	Director	2.00	Director	$0	$0	$0
Dmitri Mehlhorn	Director	2.00	Director	$0	$0	$0
Dawn Nakagawa	Director	2.00	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
2022	$4,635,385	$3,913,361	$1,338,063	$722,024
2021	$675,826	$586,020	$155,026	$89,806

Parallax Futures