TRUE STAR FOUNDATION 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

2006

Legal Domicile

Principal Officer

JEQUANA THOMPSON

Phone

7733836289

Tax Period

2023-01-01 to 2023-12-31

TRUE STAR FOUNDATION INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 13% surplus.

Mission

TO PROVIDE CREATIVE A OUTLET IN LITERARY AND PROFESSIONAL DEVELOPMENT YOUTH PROGRAMS. ITS PROGRAMS EXPOSE YOUTH TO REAL WORLD EXPERIENCES PARTICULARLY IN THE FIELDS OF PUBLISHING, MARKETING AND ENTERTAINMENT.

Program Service Accomplishments

Program 1

Expenses: $75,000 Revenue: $75,000

Program accomplishments during the year included: -maintained program increase,each session services 100-150 students -implementation of True Star Jr summer session-2 Short Films -partnered with...

Program accomplishments during the year included: -maintained program increase,each session services 100-150 students -implementation of True Star Jr summer session-2 Short Films -partnered with State Farm; students created safe driving campaign

Program 2

Expenses: $100,000 Revenue: $100,000

Youth Curated Violence Prevention Festival-Go Fest for 1000 particpants attened

Program 3

Expenses: $1,004,673 Revenue: $604,183

Various Afterschool Programs that supported 50 youth with training on Podcast creation, content and media training.

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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 $1,209,228

Program Service Revenue $297,550

Investment Income $0

Other Revenue $40,727

TOTAL REVENUE $1,547,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,270

Fundraising Expenses $28,122

Program Expenses $1,179,673

Other Expenses $1,071,842

TOTAL EXPENSES $1,341,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,547,505	$749,314	+1.1%
Expenses	$1,341,863	$969,027	+0.4%
Net Income	$205,642	$-219,713	-1.9%

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

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

$171,406

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA MCLEARY	CO-EXEC DIRECTOR	40.00	Officer	$89,569	$0	$89,569
JEQUANA THOMPSON	CO-EXEC DIRECTOR	40.00	Officer	$81,837	$0	$81,837
MICHELLE COHEN	DIRECTOR	0.50	Director	$0	$0	$0
GLUSEPPE COMMONDARO	TREASURER	0.50	Director	$0	$0	$0
UDAYAN DAS	SECRETARY	0.50	Director	$0	$0	$0
STEVEN BAYLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEANNE BRIGHT	CONSULTANT	0.50	Director	$0	$0	$0
THOMAS MCLEARY	BOARD MEMBER	0.50	Director	$0	$0	$0
MIA NELSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID NICHOLS	DIRECTOR	0.50	Director	$0	$0	$0
COREY RICHARDSON	DIRECTOR	0.50	Director	$0	$0	$0
LATONYA WILKENS	CHAIRMAN OF BOARD	0.50	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	$1,547,505	$1,341,863	$964,119	$205,642
2022	$749,314	$969,027	$413,602	$-219,713
2021	$1,138,182	$876,696	$613,201	$261,486
2020	$797,791	$611,246	$451,348	$186,545
2019	$665,788	$606,478	$99,152	$59,310
2018	$661,327	$666,939	$47,321	$-5,612