HEAL THE HOOD FOUNDATION OF MEMPHIS

EIN: 264658898 501(c)(3) Arts, Culture & Humanities

MEMPHIS, TN

Total Revenue
$328,777
Total Expenses
$232,065
Total Assets
$491,189
Net Assets
$329,777
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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
TN
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 THE ARTS AND MEDIA SCIENCE TO ENACT CHANGE IN MEMPHIS AND SURROUNDING REGIONS.

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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 (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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
40

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
0
$0
Total Directors
0
$0
Key Employees
1
$28,550
Highest Compensated
0
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
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