First There Foundation Inc (EIN 873389458) - 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

Eric Lionheart

Phone

2108345388

Tax Period

2023-01-01 to 2023-12-31

First There Foundation Inc, founded in 2021, is a micro nonprofit in the Human Services sector that reported $64K in total revenue in fiscal year 2023. Expenses of $121K exceeded revenue, resulting in a 89% operating deficit.

Mission

To provide wide-ranging assistance to all combat controllers, ensuring that they have access to mental health professionals, financial help, career help and substance abuse help.

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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 $83,556

Program Service Revenue $0

Investment Income $-863

Other Revenue $-18,579

TOTAL REVENUE $64,114

Expense Breakdown

Grants Paid $34,065

Salaries & Benefits $6,836

Fundraising Expenses $3,285

Program Expenses $61,640

Other Expenses $80,031

TOTAL EXPENSES $120,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,114	N/A	N/A
Expenses	$120,932	N/A	N/A
Net Income	$-56,818	N/A	N/A

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

$5,000

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Lionheart	Pres/Director	28.00	Officer Director	$5,000	$0	$5,000
Randy Kennedy	VP/Director	2.00	Director	$0	$0	$0
Chelsey McKrill	Treas/Director	2.00	Director	$0	$0	$0
Lori Chapman-Longfritz	Sec/Director	2.00	Director	$0	$0	$0
Edward Logan	Director	2.00	Director	$0	$0	$0
Frank Cole	Director	2.00	Director	$0	$0	$0
Travis Szewczyk	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
2023	$64,114	$120,932	$10,645	$-56,818
2022	$152,659	$83,434	$67,463	$69,225

First There Foundation Inc