TRUE KIDS 1

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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

2010

Legal Domicile

Principal Officer

LARRY MAPES

Phone

5053161361

Tax Period

2023-01-01 to 2023-12-31

TRUE KIDS 1, founded in 2010, is a small nonprofit in the Youth Development sector that reported $506K in total revenue in fiscal year 2023. Expenses of $609K exceeded revenue, resulting in a 20% operating deficit.

Mission

TRUE KIDS 1'S MISSION IS TO INSPIRE YOUNG LEARNERS AND THE COMMUNITY AROUND THEM TO CREATE, COMMUNICATE, AND SAFELY NAVIGATE THE DIGITAL WORLD.

Program Service Accomplishments

Program 1

Expenses: $513,083 Revenue: $63,493

TK1 PROVIDES DAYTIME EDUCATION IN CLASSROOMS THROUGHOUT TAOS COUNTY AND OPERATES THE COUNTY'S LARGEST AFTERSCHOOL PROGRAM AT ITS TEEN CENTER. HERE, TEENS ENGAGE WITH TK1'S "MEDIA PRODUCTION FOR MEDIA LITERACY" MODEL, EXPLORE ITS COMPUTER LAB AND TECHNOLOGY CENTER, AND CONTRIBUTE TO INTERNET SAFETY INITIATIVES. THROUGH HANDS-ON LEARNING WITH CAMERAS, COMPUTERS, DRONES, ROBOTS, AND ADVANCED SOFTWARE, STUDENTS DEVELOP STORYTELLING SKILLS, DESIGN AND PRINT PROJECTS, AND GAIN ESSENTIAL SKILLS FOR THE MODERN WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $440,609

Program Service Revenue $63,493

Investment Income $178

Other Revenue $1,856

TOTAL REVENUE $506,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,594

Fundraising Expenses $11,458

Program Expenses $513,083

Other Expenses $205,465

TOTAL EXPENSES $609,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,136	$511,306	0.0%
Expenses	$609,059	$520,865	+0.2%
Net Income	$-102,923	$-9,559	+9.8%

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

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
ELISHA ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTH BECKTELL	BOARD MEMBER	1.00	Director	$0	$0	$0
INEZ RUSSELL GOMEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MAPES	PRESIDENT	1.00	Officer Director	$0	$0	$0
BONAVITA MCCALLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS MOYA	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY MYLET	VICE PRESIDE	1.00	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	No data	No data	No data	No data
2023	$506,136	$609,059	$127,726	$-102,923
2022	$511,306	$520,865	$211,530	$-9,559
2021	$253,445	$335,161	$209,361	$-81,716
2020	$612,834	$522,210	$314,104	$90,624
2019	$203,760	$177,210	$79,813	$26,550