HEAL THE HOOD FOUNDATION OF MEMPHIS

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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

2008

Legal Domicile

Principal Officer

LaDell Beamon

Phone

9015660743

Tax Period

2024-01-01 to 2024-12-31

HEAL THE HOOD FOUNDATION OF MEMPHIS, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $329K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 29% operating margin.

Mission

OUR PURPOSE IS TO IMPACT YOUTH USING CREATIVE METHODS OF THE ARTS AND MEDIA SCIENCE TO ENACT CHANGE IN MEMPHIS AND SURROUNDING REGIONS.

Program Service Accomplishments

Program 1

Expenses: $161,320 Revenue: $160,582

We were able to provide mentoring services to over 100 middle/high schools students, in addition to offering free afternoon programs to all school age students providing art enrichment classes with snacks, games, and prizes. We held several community events that included workshops and seminars for the creative community with celebrity guests. We also provided necessity items to families during the winter/Christmas season with food, clothing, coats, toys, and personal items.

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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 $328,777

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,320

Other Expenses $232,065

TOTAL EXPENSES $232,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,777	$333,324	0.0%
Expenses	$232,065	$446,797	-0.5%
Net Income	$96,712	$-113,473	-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

N/A

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

$28,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LaDell Beamon	CEO/Executive Director	40	Key Emp	$28,550	$0	$28,550

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	$328,777	$232,065	$491,189	$96,712
2023	$333,324	$446,797	$420,509	$-113,473
2022	$424,195	$282,638	$531,459	$141,557