FUTURE PLANS INC (EIN 874152153) - 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

DENISE READING

Phone

2162025310

Tax Period

2025-01-01 to 2025-06-30

FUTURE PLANS INC, founded in 2021, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.3M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.2M, a strong 38% operating margin.

Mission

TO FOSTER ROBUST ECONOMIC GROWTH WITHIN UNDERSERVED COMMUNITIES THROUGH A GRASSROOTS COLLABORATIVE APPROACH, ULTIMATELY LEADING TO THE DEVELOPMENT OF A HIGHLY SOUGHT-AFTER WORKFORCE.

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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 $1,435,045

Program Service Revenue $6,763,539

Investment Income $71,448

Other Revenue $12,171

TOTAL REVENUE $8,282,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,592,533

Fundraising Expenses $57,338

Program Expenses $3,125,394

Other Expenses $2,502,099

TOTAL EXPENSES $5,094,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,282,203	$11,906,013	-0.3%
Expenses	$5,094,632	$6,057,807	-0.2%
Net Income	$3,187,571	$5,848,206	-0.5%

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
JOSHUA HOFFMAN	CHAIR	1.00	Officer Director	$0	$0	$0
ALBERT RATNER	EMERITUS	1.00	Director	$0	$0	$0
BILL DINGUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE READING	CEO	40.00	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
2025	$8,282,203	$5,094,632	$16,560,449	$3,187,571
2024	$11,906,013	$6,057,807	$13,551,571	$5,848,206
2023	$3,658,715	$3,412,316	$6,638,762	$246,399
2022	$5,647,187	$2,512,718	$6,665,729	$3,134,469

FUTURE PLANS INC