Freestyle Percussion Foundation Inc (EIN 203942518) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Tax Period

2022-01-01 to 2022-12-31

Freestyle Percussion Foundation Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $564K in total revenue in fiscal year 2022. Revenue surged 416% from the prior year, signaling strong growth momentum.

Mission

Our mission is to foster holistic positivity, encourage character building, promote scholarship, and enhance leadership skills among youth and young adults through the utilization of music, arts and dance.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $486,656

Program Service Revenue $76,956

Investment Income $0

Other Revenue $0

TOTAL REVENUE $563,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $506,745

Other Expenses $574,443

TOTAL EXPENSES $574,443

Year-over-Year Comparison

	2022	2021	Change
Revenue	$563,612	$109,138	+4.2%
Expenses	$574,443	$94,149	+5.1%
Net Income	$-10,831	$14,989	-1.7%

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
Marketta Seltzer	President	5	Officer Director	$0	$0	$0
Arnold Williams	Board Member	2	Director	$0	$0	$0
Brigitte Andrews	Board Member	1	Director	$0	$0	$0
Leon Dowe	Board Member	1	Director	$0	$0	$0
Herman Manning III	Board Member	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
2022	$563,612	$574,443	$44,407	$-10,831

Freestyle Percussion Foundation Inc