43 Institute (EIN 921660633) - 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

2023

Legal Domicile

Principal Officer

Lucy Block

Phone

7607154613

Tax Period

2024-01-01 to 2024-12-31

43 Institute, founded in 2023, is a small nonprofit in the Youth Development sector that reported $872K in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 20% operating margin.

Mission

Create paths of opportunity for education, training, mentorship and support systems, especially youth and the underprivileged, to encourage their involvement in action sports, business and creative arts by providing grants and emphasizing attributes of success demonstrated by the late Ken Block, all in an effort to foster personal progress and make dreams happen.

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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 $636,571

Program Service Revenue $48,078

Investment Income $0

Other Revenue $187,819

TOTAL REVENUE $872,468

Expense Breakdown

Grants Paid $90,180

Salaries & Benefits $0

Fundraising Expenses $15,552

Program Expenses $631,678

Other Expenses $604,612

TOTAL EXPENSES $694,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$872,468	$381,586	+1.3%
Expenses	$694,792	$76,705	+8.1%
Net Income	$177,676	$304,881	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucy Block	President/Director	20.00	Officer Director	$0	$0	$0
Brian Scotto	Board Member	4.00	Director	$0	$0	$0
Alastair Binks	Board Member	4.00	Director	$0	$0	$0
Chad DiNenna	Board Member	4.00	Director	$0	$0	$0
Chris Gunnarson	Board Member	4.00	Director	$0	$0	$0
Jen VanDijk	Board Member	4.00	Director	$0	$0	$0
Jeff Pensiero	Board Member	4.00	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
2024	$872,468	$694,792	$483,277	$177,676
2023	$381,586	$76,705	$307,366	$304,881

43 Institute