FOREVER PHILANTHROPIES INC (EIN 900511110) - 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

2009

Legal Domicile

Principal Officer

GREGG MAUGHAN

Phone

4803368650

Tax Period

2023-01-01 to 2023-12-31

FOREVER PHILANTHROPIES INC, founded in 2009, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $88K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 57% operating deficit.

Mission

FOREVER PHILANTHROPIES SUPPORTS ORGANIZATIONS THAT HELP WOMEN AND CHILDREN FACING HUNGER, POVERTY AND LIMITED MEDICAL CARE AS WELL AS COMMUNITIES RECOVERING FROM NATURAL DISASTERS.

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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 $88,159

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,159

Expense Breakdown

Grants Paid $137,597

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,597

Other Expenses $437

TOTAL EXPENSES $138,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,159	$160,102	-0.4%
Expenses	$138,034	$227,012	-0.4%
Net Income	$-49,875	$-66,910	-0.3%

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
GREGG MAUGHAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
NAVAZ GHASWALA	SECRETARY	1.00	Officer Director	$0	$0	$0
RHONDA KRAUSE	TREASURER	1.00	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	$88,159	$138,034	$133,806	$-49,875
2022	$160,102	$227,012	$183,681	$-66,910
2021	$90,233	$16,336	$250,591	$73,897
2020	$64,674	$80,227	$176,694	$-15,553
2019	$99,055	$178,365	$192,247	$-79,310
2018	$255,868	$238,952	$271,557	$16,916

FOREVER PHILANTHROPIES INC