TALENTS FOUNDATION INC fka TALENTS MINISTRY INC

EIN: 208934642 501(c)(3) 501(c)(3) Corporation

3501 NW Evangeline Thruway, Carencro, LA, 70520

Total Revenue
$175,867
Total Expenses
$187,250
Total Assets
$1,025,007
Net Assets
$1,018,937

Tuckman-Chang Vulnerability Assessment

Research-Based

Academic framework for nonprofit financial sustainability (Tuckman & Chang, 1991)

Equity Deficiency
5.44
✓ Strong — 6+ mo. reserves
Revenue Concentration
0.81
⚠ High Risk — Concentrated
Admin Flexibility
7.6%
⚠ Too Lean — No room to cut
Operating Sustainability
-6.5%
⚠ Deficit — Unsustainable
Overall Vulnerability Assessment
Based on 4 vulnerability indicators
⚠ HIGH RISK
3/4 flags
Equity deficiency (<0.25) ✓ Pass
Revenue concentration (>0.60) 🚩 Flagged
Admin too lean (<10%) 🚩 Flagged
Operating deficit (<0%) 🚩 Flagged

About: The Tuckman-Chang framework identifies four key indicators of financial vulnerability. 0 flags = low risk, 1–2 = moderate risk, 3–4 = high risk. Validated across thousands of nonprofits since 1991.

Learn more about the Tuckman-Chang methodology →

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
LA
Phone
3378961600
Tax Period
January 2024 - December 2024

TALENTS FOUNDATION INC fka TALENTS MINISTRY INC is a 501(c)(3) with EIN 208934642, based in 3501 NW Evangeline Thruway, Carencro, LA, 70520. Founded in 2006, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $175,867 in total revenue and $187,250 in total expenses, with net assets of $1,018,937. Its Trantor Score is 653 (Fair), reflecting its financial health based on liquidity, solvency, and operational efficiency.

Mission

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

Trantor Score

Financial Health & Payment Capacity Assessment

Score based on: Liquidity (40%), Solvency (30%), Sustainability (20%), Efficiency (10%)

653
Fair
Moderate Risk
FICO Scale: 300–850

Liquidity (40%)
0.70
+154 pts
Solvency (30%)
0.79
+130 pts
Sustainability (20%)
0.24
+26 pts
Efficiency (10%)
0.76
+42 pts
Learn more about the Trantor Score methodology →

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 -19.7%
Expenses $187,250 $164,580 +13.8%
Net Income $-11,383 $54,564 -120.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required

Financial Health Indicators

Financial Distress Indicator (Altman Z-Score)
✓ Safe Zone — Low probability of financial distress
8.66
>2.6 safe · 1.1–2.6 gray · <1.1 distress

Learn about the Altman Z-Score methodology adapted for nonprofits →

Liquidity & Cash Position

Cash Reserve
62.0
Months of expenses covered
Cash to Assets
94.4%
Liquid asset ratio
Working Capital
$967,904
Current assets − liabilities

Solvency & Debt Position

Solvency Ratio
168.86
Assets / Liabilities (>1 is solvent)
Debt Ratio
0.6%
Liabilities / Assets (lower is better)
Debt to Net Assets
0.01
Leverage ratio

Revenue Sustainability & Diversification

Self-Sufficiency
0.0%
Program revenue / Total revenue
Donation Dependence
89.5%
Contributions / Total revenue
Revenue Concentration
89.5%
Largest source (lower = more diverse)

Operational Performance

Admin Efficiency
7.6%
Target: 10–20% is optimal
Asset Turnover
0.17x
Revenue / Assets
Expense Coverage
65.3
Months can operate w/o income
Surplus Margin
-6.5%
Net income / Revenue

Growth Indicators

Net Assets Growth
-1.1%
Year-over-year change

Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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