188 FOUNDATION

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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

LAURA HOFFNER

Phone

5126953628

Tax Period

2024-01-01 to 2024-12-31

188 FOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $329K in total revenue in fiscal year 2024. Revenue surged 17203% from the prior year, signaling strong growth momentum.

Mission

THE 188 FOUNDATION IS A DIRECT PHILANTHROPY ALLIANCE FORMED BY OUR GENEROUS DONORS, CONCENTRICS ELITE NETWORK AN INNATE CAPABILITY, AND OUR CAREFULLY CURATED PARTNERS. THE FOUNDATION SITS WITHIN A UNIQUE TRIFURCATION OF CAPABILITY, ACCESS, AND NEED. DUE TO OUR UNIQUE POSITION, WE BELIEVE ITS OUR MORAL RESPONSIBILITY AND HONOR TO ASSIST THOSE WHO NEED IT MOST. RESCUING JUST ONE PERSON CREATES PERPETUAL RIPPLES, AFFECTING MANY. WE INHERENTLY KNOW THAT EFFORT WILL ALWAYS BE WORTH IT. WHEN OUR DONORS COMMIT TO SUPPORTING 188, THEIR DONATION IS DIRECTLY TIED TO A MISSION. WITHIN DAYS, WE CAN PROVIDE FACES OF THOSE RESCUED BY OUR DONORS FUNDS. WE USE LESS THAN 1 OF OUR DONATIONS ON OVERHEAD. WHEN DONATIONS EXCEED RESCUE OPERATIONS, WE IDENTIFY PIVOTAL PARTNERS AND ENABLE THEIR OPERATIONS THROUGH FINANCIAL SUPPORT. WE UNDERSTAND OUR CAPABILITY IS A VERY SPECIFIC AND UNIQUE PART OF HUMANITARIAN RELIEF AND ARE CAREFUL TO CONSIDER, SUPPORT, AND RESPECT WHAT COMES BEFORE AND AFTER OUR EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $310,715 Revenue: $0

SUPPORT GAZA FAMILIES - IN MARCH, WE STARTED OUR PARTNERSHIP WITH GAZA SKY GEEKS TO ENABLE EXFILTRATION OUT OF GAZA. GAZA SKY GEEKS USED OUR 501(C)3 STATUS TO RECEIVE DONATIONS AND WE SENT THE FUNDS TO INDIVIDUALS IN GAZA. FROM MARCH TO AUGUST, WE ENABLED 111 PEOPLE OUT OF GAZA AND INTO CAIRO. THE BORDER INDEFINITELY CLOSED IN AUGUST. SINCE, WE HAVE SENT $69,500 OF THE DONATED FUNDS TO CONTACTS IN GAZA FOR THE PURCHASE OF FOOD, TENTS, DIAPERS, AND OTHER BASIC NECESSITIES WITHIN GAZA DUE TO A LACK OF AID AVAILABLE IN THE REGION AND GOODS ARE GOING FOR 10X THEIR PRE-WAR COSTS.

Program 2

Expenses: $11,750 Revenue: $0

OTHER PROGRAMS - WE CONTRIBUTED FUNDING TO LIFTING HANDS, FACILITATING THE EVACUATION OF 105 PEOPLE TO LVIV, ENSURING THEIR SAFE PASSAGE. ADDITIONALLY, WE PROVIDED $3,000 TO HELPING TO LEAVE FOR...

OTHER PROGRAMS - WE CONTRIBUTED FUNDING TO LIFTING HANDS, FACILITATING THE EVACUATION OF 105 PEOPLE TO LVIV, ENSURING THEIR SAFE PASSAGE. ADDITIONALLY, WE PROVIDED $3,000 TO HELPING TO LEAVE FOR SPECIALIZED TRANSPORTATION TO ASSIST DISABLED INDIVIDUALS IN RELOCATING. A $2,500 CONTRIBUTION WAS MADE TO BRIGHT SPARK, AN ORGANIZATION LED BY JERAME OSTROM'S WIFE, TO SUPPORT THEIR ONGOING AID EFFORTS. LASTLY, WE COVERED $250 IN CREDENTIALING COSTS FOR A HOSTAGEUS BENEFICIARY, HELPING THEM ACCESS NECESSARY RESOURCES.

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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 $327,450

Program Service Revenue $0

Investment Income $0

Other Revenue $1,995

TOTAL REVENUE $329,445

Expense Breakdown

Grants Paid $319,715

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,465

Other Expenses $10,169

TOTAL EXPENSES $329,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,445	$1,904	+172.0%
Expenses	$329,884	$87,702	+2.8%
Net Income	$-439	$-85,798	-1.0%

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

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
LAURA HOFFNER	CO FOUNDER/COO	2	Officer Director	$0	$0	$0
RODERICK JONES	CO FOUNDER/PRESIDENT	1	Officer Director	$0	$0	$0
JEFF BAKER	CO FOUNDER/VICE PRESIDENT	1	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	$329,445	$329,884	$15,384	$-439
2022	$508,280	$453,042	$100,238	$55,238