THE ALTUM FUND

EIN: 991522072 501(c)(3)

NEW HAVEN, CT

Total Revenue
$25,240,020
Total Expenses
$336,821
Total Assets
$24,925,448
Net Assets
$24,903,199
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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
DE
Principal Officer
JAMES N PERRY JR
Phone
8663209275
Tax Period
2024-02-09 to 2024-12-31

THE ALTUM FUND, founded in 2024, is a mid-sized nonprofit that reported $25.2M in total revenue in fiscal year 2024. The organization ran a surplus of $24.9M, a strong 99% operating margin.

Mission

SEE PART III, LINE 1.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,240,000
Program Service Revenue $0
Investment Income $20
Other Revenue $0
TOTAL REVENUE $25,240,020

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $245,338
Fundraising Expenses $0
Program Expenses $2,000
Other Expenses $89,483
TOTAL EXPENSES $336,821

Year-over-Year Comparison

2024 2023 Change
Revenue $25,240,020 N/A N/A
Expenses $336,821 N/A N/A
Net Income $24,903,199 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
3

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
3
$163,906
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES N PERRY JR CHAIRMAN & PRESIDENT 2.00
Officer Director
$0 $0 $0
DENNIS J GERBER JR SECRETARY & TREASURER 2.00
Officer Director
$0 $0 $0
FRANK J HANNA III DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY PIENTA EXECUTIVE DIRECTOR 40.00
Officer
$153,694 $10,212 $163,906
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 $25,240,020 $336,821 $24,925,448 $24,903,199
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