The Amalfi Jets Charitable Foundat… - Form 990 Financial Data

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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

Kolin Jones

Tax Period

2023-01-01 to 2023-12-31

The Amalfi Jets Charitable Foundation, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $401K in total revenue in fiscal year 2023. Revenue surged 14761% from the prior year, signaling strong growth momentum.

Mission

Elevating underserved communities locally and abroad.

Program Service Accomplishments

Program 1

Expenses: $269,700

The focus of our mission is to work directly with underserved individuals one-on-one to provide the necessary support, guidance, and literacy to help turn their situations around from the ground up. Depending on the situation, this can be a financial literacy course, career training and job placement, or, on a global scale, the direct funding of a primary school. In 2023 our two main programs are: local community development and student leadership accelerator.

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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 $400,794

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,794

Expense Breakdown

Grants Paid $74,000

Salaries & Benefits $156,419

Fundraising Expenses $45,636

Program Expenses $269,700

Other Expenses $153,825

TOTAL EXPENSES $393,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,794	$2,697	+147.6%
Expenses	$393,494	N/A	N/A
Net Income	$7,300	$2,697	+1.7%

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

200

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
Olivia Aleks	Board member	2.00	Director	$0	$0	$0
Calvin Yoon	Vice President and COO	20.00	Officer Director	$0	$0	$0
Kolin Jones	President and CEO	20.00	Officer 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	No data	No data	No data	No data
2023	$400,794	$393,494	$34,214	$7,300

The Amalfi Jets Charitable Foundation