FOUNDATION FOR AN INDEPENDENT TOMORROW (EIN 880377684) - 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

1997

Legal Domicile

Principal Officer

JANET FRASIER BLUMEN

Phone

7023674348

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION FOR AN INDEPENDENT TOMORROW, founded in 1997, is a community nonprofit in the Employment sector that reported $7.7M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

FOUNDATION FOR AN INDEPENDENT TOMORROW EMPOWERS UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS IN SOUTHERN NEVADA INTO JOBS THAT PAY ENOUGH TO SUPPORT THEIR FAMILIES WITHOUT PUBLIC ASSISTANCE. FIT PROVIDES JOB TRAINING, COACHING AND SUPPORT BASED ON JOB SEEKERS' INDIVIDUAL NEEDS AND SKILLS EMPLOYERS TELL US THEY ARE LOOKING FOR. FIT'S UNIQUE SERVICE PROVIDES CLIENTS WITH THE HOPE FOR A SECOND CHANCE OR NEW BEGINNING.

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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 $6,649,960

Program Service Revenue $885,604

Investment Income $29

Other Revenue $197,235

TOTAL REVENUE $7,732,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,341,926

Fundraising Expenses $18,019

Program Expenses $7,199,628

Other Expenses $5,160,747

TOTAL EXPENSES $7,502,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,732,828	$4,642,493	+0.7%
Expenses	$7,502,673	$4,406,294	+0.7%
Net Income	$230,155	$236,199	0.0%

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

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
JANET FRASIER BLUMEN	FOUNDER, CEO & PRESIDENT	35.00	Officer Director	$0	$0	$0
RICHARD JOST	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN ANDERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN KENNY	TREASURER	1.00	Officer Director	$0	$0	$0
VAR LORDAHL	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL ALFA	DIRECTOR	1.00	Director	$0	$0	$0
JAN JONES BLACKHURST	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOLOGNINI	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE CASSARD	DIRECTOR	1.00	Director	$0	$0	$0
TYLER CORDER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS W DAVIS II	DIRECTOR	1.00	Director	$0	$0	$0
CHAD LAYNE	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE MOON	DIRECTOR	1.00	Director	$0	$0	$0
KYLE ORROCK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PRIEST ED PT	DIRECTOR	1.00	Director	$0	$0	$0
ED RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
ROB SHERIDAN	DIRECTOR	1.00	Director	$0	$0	$0
JUANITA WASSERMAN	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$7,732,828	$7,502,673	$8,770,718	$230,155
2023	$4,642,493	$4,406,294	$7,137,280	$236,199
2022	$3,984,451	$4,098,271	$6,740,953	$-113,820
2022	$3,984,451	$4,098,271	$6,740,952	$-113,820
2021	$3,239,580	$3,202,084	$6,920,980	$37,496
2020	$2,800,361	$2,766,664	$6,753,159	$33,697
2019	$2,212,139	$2,530,717	$6,702,547	$-318,578
2018	$2,511,355	$2,454,099	$6,988,125	$57,256

FOUNDATION FOR AN INDEPENDENT TOMORROW