Follow Protocol Foundation (EIN 990872004) - 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

2024

Legal Domicile

Principal Officer

Brantly Millegan

Phone

5415171592

Tax Period

2025-01-01 to 2025-12-31

Follow Protocol Foundation, founded in 2024, is a small nonprofit in the Public & Societal Benefit sector that reported $598K in total revenue in fiscal year 2025. The organization ran a surplus of $194K, a strong 32% operating margin.

Mission

The purpose of the Follow Protocol Foundation the Foundation is to promote social welfare by empowering and enabling members of the online community to own their online social graph through the creation of an online protocol the Protocol. The Protocol will enable the online community to fully access and understand their online connection to others. More specifically the Protocol will enable the online community to fully understand access and ultimately own their individual online identities and associated data across online platforms. As a result the Foundation will promote through the Protocol the development of a transparent online community which through transparency will encourage future community development and consideration across the online community. The only activity of the Foundation will be the development on this Protocol. The Protocol will be developed by employees or independent contractors of the Foundation.

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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 (2025)

Revenue Breakdown

Contributions & Grants $597,957

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $597,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,145

Other Expenses $404,145

TOTAL EXPENSES $404,145

Year-over-Year Comparison

	2025	2024	Change
Revenue	$597,957	$597,957	N/A
Expenses	$404,145	$494,296	-0.2%
Net Income	$193,812	$103,661	+0.9%

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

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
Brantly Millegan	Director	40.00	Officer	$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	$597,957	$404,145	$331,194	$193,812
2024	$614,555	$308,993	$411,183	$305,562

Follow Protocol Foundation