FOUNDATION FOR TACOMA STUDENTS

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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

TAFONA ERVIN

Phone

2532721600

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR TACOMA STUDENTS, founded in 2010, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $4.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. SUCCESS WILL REQUIRE MEASURING AND CLOSING GAPS IN ACCESS, OPPORTUNITIES AND ACHIEVEMENT FOR ALL STUDENTS FROM CRADLE TO COLLEGE AND CAREER.

Program Service Accomplishments

Program 1

Expenses: $3,027,196 Revenue: $122,778

FOUNDATION FOR TACOMA STUDENTS PROVIDES MANAGEMENT AND COORDINATION OF COMMUNITY-WIDE STRATEGIES DESIGNED TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. USING FOUR KEY STRATEGIES, THE FOUNDATION IS COMMITTED TO SHARED GOALS; USES DATA TO INFORM BETTER DECISION MAKING; ACTS COLLABORATIVELY AND ALIGNS RESOURCES FOR SUSTAINABLE INVESTMENT.

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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 $2,707,412

Program Service Revenue $63,736

Investment Income $0

Other Revenue $59,042

TOTAL REVENUE $2,830,190

Expense Breakdown

Grants Paid $991,009

Salaries & Benefits $1,692,427

Fundraising Expenses $249,212

Program Expenses $3,027,196

Other Expenses $1,442,641

TOTAL EXPENSES $4,164,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,830,190	$1,512,231	+0.9%
Expenses	$4,164,096	$2,859,694	+0.5%
Net Income	$-1,333,906	$-1,347,463	0.0%

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

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

$217,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA WOODARDS	DIRECTOR	2.00	Director	$0	$0	$0
TANISHA JUMPER	SECRETARY	5.00	Officer Director	$0	$0	$0
JOSHUA KNUDSON	TREASURER	5.00	Officer Director	$0	$0	$0
CARRIE PRUDENTE HOLDEN	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH BONBRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DR LANCE GOODPASTER	DIRECTOR	2.00	Director	$0	$0	$0
PATTY ROSE	DIRECTOR	2.00	Director	$0	$0	$0
DR SHEILA EDWARS LANGE	DIRECTOR	2.00	Director	$0	$0	$0
DR JOYCE LOVEDAY	DIRECTOR	2.00	Director	$0	$0	$0
BEN WITHWORTH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID JONES	DIRECTOR	2.00	Director	$0	$0	$0
DR JOSHUA GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
CASSANDRA MITCHELL	CHAIR	5.00	Officer Director	$0	$0	$0
STUART YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
ARIELLE FLESHER	DIRECTOR	2.00	Director	$0	$0	$0
BROOKE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KATIE CONDIT	DIRECTOR-AT LARGE	5.00	Director	$0	$0	$0
HOLLY BAMFORD HUNT	DIRECTOR-AT LARGE	5.00	Director	$0	$0	$0
DR IVAN HARRELL II	VICE CHAIR	5.00	Officer Director	$0	$0	$0
TAFONA ERVIN	EXECUTIVE DIRECTOR	40.00	Officer	$211,211	$6,529	$217,740
GRAY STERLING	DEPUTY DIRECTOR	40.00	Highest	$123,830	$4,957	$128,787

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	$2,830,190	$4,164,096	$999,982	$-1,333,906
2022	$1,439,731	$2,851,992	$2,309,942	$-1,412,261
2021	$3,006,188	$3,063,212	$3,475,616	$-57,024
2020	$3,584,937	$3,156,055	$3,795,396	$428,882
2019	$4,146,160	$2,960,783	$3,715,646	$1,185,377
2018	$1,525,019	$1,605,564	$1,922,006	$-80,545