TB1 FUND 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

DANIEL BATTAGLIA

Phone

6126705468

Tax Period

2024-01-01 to 2024-12-31

TB1 FUND INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $655K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TB1 FUND'S MISSION IS TO BRIGHTEN DAYS FOR PATIENTS AND FAMILIES AT M HEALTH FAIRVIEW MASONIC CHILDREN'S HOSPITAL. OUR PRIMARY GOAL IS TO HELP PATIENTS FOCUS ON RECOVERY BY PROVIDING ITEMS AND EXPERIENCES THAT NOT ONLY DISTRACT AND ENGAGE THEM, BUT ALSO ENCOURAGE RECOVERY, BE IT MENTAL, PHYSICAL OR EMOTIONAL.

Program Service Accomplishments

Program 1

Expenses: $561,777 Revenue: $0

VIP PROGRAMS AIMED TO PROVIDE PATIENTS WHO ARE DEALING WITH LIFE CHANGING DIAGNOSIS A VIP EXPERIENCE. EXPERIENCES INCLUDE TB1F FAMILY SUITE (GOPHERS SPORTS), 3M OPEN FAMILY CABIN, BRAXTON'S BUDDIES (MN VIKINGS SUITE OR PREMIUM TICKETS), REBOUND CLUB (MN TIMBERWOLVES SUITE) AND MN WILD SUITE. THESE OFFERINGS PROVIDE THE PATIENT AND FAMILIES AN ALL-INCLUSIVE EXPERIENCE, WHICH MAY NEVER OTHERWISE BE POSSIBLE.

Program 2

Expenses: $49,018 Revenue: $0

HOSPITALITY DAYS FOR PATIENTS AND FAMILIES WITH VARYING OFFERINGS FROM LOCAL COMMUNITY PARTNERS.

Program 3

Expenses: $0 Revenue: $0

TB1F SIBLING APPRECIATION DAYS; IN-PATIENT T-SHIRTS FOR ALL NEWLY ADMITTED PATIENTS; MUSIC MONDAY'S THAT IS BROADCAST TO ALL PATIENTS ROOMS IN THE HOSPITAL; 5TH FLOOR TOY CLOSET; GRANTS AWARDED TO...

TB1F SIBLING APPRECIATION DAYS; IN-PATIENT T-SHIRTS FOR ALL NEWLY ADMITTED PATIENTS; MUSIC MONDAY'S THAT IS BROADCAST TO ALL PATIENTS ROOMS IN THE HOSPITAL; 5TH FLOOR TOY CLOSET; GRANTS AWARDED TO OTHER 501(C)(3) ORGANIZATIONS.

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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 $757,735

Program Service Revenue $0

Investment Income $2,291

Other Revenue $-105,127

TOTAL REVENUE $654,899

Expense Breakdown

Grants Paid $187,900

Salaries & Benefits $0

Fundraising Expenses $30,814

Program Expenses $610,795

Other Expenses $490,911

TOTAL EXPENSES $678,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$654,899	$541,876	+0.2%
Expenses	$678,811	$350,017	+0.9%
Net Income	$-23,912	$191,859	-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

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
DANIEL BATTAGLIA	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEFFREY BRADLEY	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CANFIELD	SECRETARY	1.00	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	$654,899	$678,811	$385,514	$-23,912
2023	$541,876	$350,017	$348,456	$191,859
2022	$449,902	$403,245	$150,545	$46,657
2021	$104,787	$899	$103,888	$103,888