BITCOIN LEGAL DEFENSE FUND

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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

JESSICA JONAS

Phone

2137651000

Tax Period

2024-01-01 to 2024-12-31

BITCOIN LEGAL DEFENSE FUND, founded in 2021, is a community nonprofit in the Crime & Legal sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 73% operating margin.

Mission

BLDF SUPPORTS BITCOIN DEVELOPERS AND PROTECTS THE BITCOIN ECOSYSTEM.

Program Service Accomplishments

Program 1

Expenses: $250,000 Revenue: $2,667,674

BLDF HELPS DEVELOPERS FIND AND RETAIN DEFENSE COUNSEL, CRAFT LITIGATION STRATEGY, AND PAY THEIR LEGAL BILLS.

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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 $97,450

Program Service Revenue $2,570,115

Investment Income $109

Other Revenue $0

TOTAL REVENUE $2,667,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,153

Fundraising Expenses $0

Program Expenses $250,000

Other Expenses $367,500

TOTAL EXPENSES $722,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,667,674	$3,334,950	-0.2%
Expenses	$722,653	$4,047,248	-0.8%
Net Income	$1,945,021	$-712,298	-3.7%

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

$340,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Jonas	Chief Legal Officer	40.0	Officer	$340,000	$0	$340,000
Jack Dorsey	Board Member	1.0	Director	$0	$0	$0
Alex Morcos	Board Member	1.0	Director	$0	$0	$0
Martin White	Board Member	1.0	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	$2,667,674	$722,653	$1,547,737	$1,945,021
2023	$3,334,950	$4,047,248	$1,954,562	$-712,298
2022	$300,000	$187,267	$222,764	$112,733