TRUE SKOOL INC

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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

2005

Legal Domicile

Principal Officer

Shalina S Ali

Phone

4144459079

Tax Period

2023-01-01 to 2023-12-31

TRUE SKOOL INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $487K exceeded revenue, resulting in a 42% operating deficit.

Mission

TRUE Skool's mission is to use creative arts as a tool to engage youth and communities in social justice, humanities, education, leadership and workforce development.

Program Service Accomplishments

Program 1

Expenses: $367,002 Revenue: $50,075

TRUE Skool engages, educates and empowers youth through transformative arts and Hip Hop culture cultivating the next generation of leadership who are invested in the growth of our city and having a positive social impact. During 2023, TRUE Skool served over 500 youth through in person and in school residencies empowering the next generation of leadership invested in an improved lived experience for the community by focusing on issues relevent to Milwaukee in areas not limited to but focused on environment and placemaking.

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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 $286,766

Program Service Revenue $50,075

Investment Income $2

Other Revenue $5,408

TOTAL REVENUE $342,251

Expense Breakdown

Grants Paid $6,500

Salaries & Benefits $225,484

Fundraising Expenses $20,203

Program Expenses $367,002

Other Expenses $255,263

TOTAL EXPENSES $487,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$342,251	$548,543	-0.4%
Expenses	$487,247	$417,786	+0.2%
Net Income	$-144,996	$130,757	-2.1%

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

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

$170,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shalina S Ali	Co-Executive Director	40	Officer	$85,095	$0	$85,095
Fidel Verdin	Co-Executive Director	40	Officer	$85,095	$0	$85,095
Lilith Fowler	President	3	Officer Director	$0	$0	$0
Tiffany Stankiewicz	Board Secretary	3	Officer Director	$0	$0	$0
Kurt Davis	Treasurer	3	Officer Director	$0	$0	$0
Mo Hussein	Director	1	Director	$0	$0	$0
Debra Revolinski	Director	1	Director	$0	$0	$0
Geisha Melendez	Director	1	Director	$0	$0	$0
JoAnna Bautch	Director	1	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	$342,251	$487,247	$111,288	$-144,996
2022	$548,543	$417,786	$316,502	$130,757
2021	$431,719	$410,135	$122,014	$21,584
2020	$343,580	$294,757	$99,207	$48,823
2019	$255,221	$332,161	$49,450	$-76,940
2018	$388,379	$310,952	$124,959	$77,427