TRUE STAR FOUNDATION INC

EIN: 205289962 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,547,505
Total Expenses
$1,341,863
Total Assets
$964,119
Net Assets
$461,974
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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
IL
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.

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
10

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
2
$171,406
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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