TALENTS FOUNDATION INC fka TALENTS MINISTRY INC (EIN 208934642) - Form 990 Financial Analysis & Trantor Score

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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

Phone

3378961600

Tax Period

2024-01-01 to 2024-12-31

TALENTS FOUNDATION INC fka TALENTS MINISTRY INC, founded in 2006, is a small nonprofit in the Religion sector that reported $176K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $1.0M represent 70 months of operating reserves.

Mission

Operation of non-commercial religious based radio station station for the community and provide training opportunities for disadvantaged individuals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $157,470

Program Service Revenue $0

Investment Income $18,397

Other Revenue $0

TOTAL REVENUE $175,867

Expense Breakdown

Grants Paid $5,343

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,041

Other Expenses $181,907

TOTAL EXPENSES $187,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,867	$219,144	-0.2%
Expenses	$187,250	$164,580	+0.1%
Net Income	$-11,383	$54,564	-1.2%

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

N/A

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
Charles Chatelain	President	2.00	Officer Director	$0	$0	$0
Eddie Blanchard	Director	2.00	Officer 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	$175,867	$187,250	$1,025,007	$-11,383
2023	$219,144	$164,580	$1,036,390	$54,564
2022	$141,351	$147,256	$981,826	$-5,905
2021	$198,456	$122,530	$987,732	$75,926
2020	$130,411	$128,849	$911,806	$1,562
2019	$155,397	$147,490	$910,244	$7,907

TALENTS FOUNDATION INC fka TALENTS MINISTRY INC