LETO 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

SARAH ADOLPHSON

Phone

8185710223

Tax Period

2022-01-01 to 2022-12-31

LETO FUND INC, founded in 2021, is a micro nonprofit in the Human Services sector that reported $30K in total revenue in fiscal year 2022. Expenses of $615K exceeded revenue, resulting in a 1950% operating deficit.

Mission

THE MISSION OF THE LETO FUND IS TO HARNESS THE POWER OF ENTERTAINMENT TO CREATE LASTING CHANGE FOR THE PRESSING ISSUES OF OUR TIME, INCLUDING HEALTHCARE, EDUCATION, ENVIRONMENT, SOCIAL AND RACIAL JUSTICE, HOMELESSNESS, DISASTER RELIEF, AND FOOD INSECURITY. WE DO THIS BY BRINGING TOGETHER THE CREATIVE COMMUNITY WITH FORWARD THINKING ORGANIZATIONS AROUND ACTIONABLE IDEAS DESIGNED TO DELIVER REAL WORLD IMPACT.

Program Service Accomplishments

Program 1

Expenses: $123,138 Revenue: $10,000

AIDS QUILT / NATIONAL AIDS MEMORIAL | CHANGE THE PATTERN INITIATIVEA NATIONWIDE INITIATIVE DEVELOPED BY THE NATIONAL AIDS MEMORIAL, SOUTHERN AIDS COALITION, AND GILEAD SCIENCES, INC. TO COMMEMORATE LIVES LOST TO AIDS BY BRINGING THE HISTORIC MEMORIAL QUILT, WHICH WAS BUILT IN 1987, TO COMMUNITIES AROUND THE SOUTH. THROUGH THE CHANGE THE PATTERN INITIATIVE, THE ORGANIZATIONS AIM TO HIGHLIGHT AND HONOR BLACK AND BROWN LIVES LOST TO HIV AND AIDS AND REIMAGINE AN AIDS-FREE WORLD.

Program 2

Expenses: $347,793 Revenue: $10,000

COMPASSCOMPASS (COMMITMENT TO PARTNERSHIP IN ADDRESSING HIV IN SOUTHERN STATES)THE GILEAD COMPASS INITIATIVE IS WORKING TO ADDRESS THE HIV/AIDS EPIDEMIC IN THE SOUTHERNUNITED STATES BY COLLABORATING WITH LOCAL COMMUNITY ORGANIZATIONS AND STAKEHOLDERS TO USEEVIDENCE-BASED SOLUTIONS TO MEET THE NEEDS OF PEOPLE LIVING WITH AND IMPACTED BY HIV/AIDS.COMPASS COORDINATING CENTERS INCLUDE EMORY UNIVERSITY ROLLINS SCHOOL OF PUBLIC HEALTH,SOUTHERN AIDS COALITION, UNIVERSITY OF HOUSTON GRADUATE COLLEGE OF SOCIAL WORK & WAKEFOREST UNIVERSITY SCHOOL OF DIVINITY.

Program 3

Expenses: $122,833 Revenue: $10,000

TRANSCEND THE TRANSCEND COMMUNITY IMPACT FUND AIMS TO ELEVATE BEST PRACTICES AND COMMUNITY-LED SOLUTIONS THAT IMPROVE THE SAFETY, HEALTH AND WELLNESS OF THE TRANSGENDER COMMUNITY. TRANSCEND SUPPORTS STRATEGIC PROGRAM DEVELOPMENT, CAPACITY BUILDING AND IMPLEMENTATION OF DIRECT SERVICES FOR TRANSGENDER COMMUNITIES WITH $4.5 MILLION OVER TWO YEARS TO COMMUNITY ORGANIZATIONS, 87% OF WHICH ARE TRANS-LED.

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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 $30,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $593,764

Other Expenses $614,902

TOTAL EXPENSES $614,902

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,000	N/A	N/A
Expenses	$614,902	N/A	N/A
Net Income	$-584,902	$0	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

N/A

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
JOEL GOLDMAN	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH ADOLPHSON	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE KIMMEL	DIRECTOR	2.00	Director	$0	$0	$0
EMILY ABRAMS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MILLER	SECRETARY	2.00	Officer	$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	$30,000	$614,902	$637,275	$-584,902