LITECOIN FOUNDATION 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

2022

Legal Domicile

Principal Officer

ALAN AUSTIN

Phone

8009284161

Tax Period

2024-01-01 to 2024-12-31

LITECOIN FOUNDATION INC, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 395% from the prior year, signaling strong growth momentum. Expenses of $218K left a modest 11% surplus.

Mission

LITECOIN FOUNDATION IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE THE ADOPTION, AWARENESS & DEVELOPMENT OF LITECOIN & ITS ECOSYSTEM.

Program Service Accomplishments

Program 1

Expenses: $165,798

LITECOIN SUMMIT 2024 BRINGING TOGETHER THE WORLDS TOP INNOVATORS, THOUGHT LEADERS AND DECISION MAKERS, AS WELL AS MEMBERS OF THE LITECOIN COMMUNITY FOR TWO DAYS OF AMAZING NETWORKING OPPORTUNITIES...

LITECOIN SUMMIT 2024 BRINGING TOGETHER THE WORLDS TOP INNOVATORS, THOUGHT LEADERS AND DECISION MAKERS, AS WELL AS MEMBERS OF THE LITECOIN COMMUNITY FOR TWO DAYS OF AMAZING NETWORKING OPPORTUNITIES AND EXCITING DISCUSSIONS AROUND INDUSTRY DEVELOPMENTS, TECHNICAL INNOVATIONS, PUBLIC POLICY ISSUES, AND MUCH MORE.

Program 2

Expenses: $41,450

PROOF OF WORK SUMMIT 2024 THE POW SUMMIT AIMS TO EXPLORE THE FUNDAMENTALS AND VALUE PROPOSITIONS OF THE MAJOR POW CHAINS IN FOUR THEMATIC STREAMS: PROOF OF SCALE, PROOF OF UTILITY, PROOF OF...

PROOF OF WORK SUMMIT 2024 THE POW SUMMIT AIMS TO EXPLORE THE FUNDAMENTALS AND VALUE PROPOSITIONS OF THE MAJOR POW CHAINS IN FOUR THEMATIC STREAMS: PROOF OF SCALE, PROOF OF UTILITY, PROOF OF SUSTAINABILITY, PROOF OF HUMAN RIGHTS.

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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 $222,287

Program Service Revenue $21,166

Investment Income $0

Other Revenue $0

TOTAL REVENUE $243,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,611

Fundraising Expenses $1,631

Program Expenses $207,248

Other Expenses $141,016

TOTAL EXPENSES $217,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,453	$49,163	+4.0%
Expenses	$217,627	$3,049	+70.4%
Net Income	$25,826	$46,114	-0.4%

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

$32,610

Total Directors

$76,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN AUSTIN	PRESIDENT	30.00	Officer Director	$32,610	$0	$32,610
KEITH YONG	SECRETARY/TR	5.00	Officer	$0	$0	$0
XINXI WANG	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID SCHWARTZ	BOARD MEMBER	30.00	Director	$44,000	$0	$44,000

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	$243,453	$217,627	$74,546	$25,826