THIRD DISTRICT SCHOLARSHIP TALENT HUNT AND SOCIAL ACTION FOUNDATION (EIN 311770743) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Jerome Haggins

Phone

3015805102

Tax Period

2024-11-01 to 2025-10-31

THIRD DISTRICT SCHOLARSHIP TALENT HUNT SOCIAL ACTION FOUNDATION 3RD DISTRICT FOUNDATION is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2021. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 40% operating margin.

Mission

We seek to provide financial assistance to support the programs and initiatives of the Omega Psi Phi Fraternity, Inc.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,855

Program Service Revenue $0

Investment Income $158

Other Revenue $0

TOTAL REVENUE $32,013

Expense Breakdown

Grants Paid $22,967

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,967

Other Expenses $2,988

TOTAL EXPENSES $25,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,013	$10,058	+2.2%
Expenses	$25,955	$18,592	+0.4%
Net Income	$6,058	$-8,534	-1.7%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerome W Haggins	President	1.00	Director	$0	$0	$0
Kevin Poplar	Vice President	1.00	Director	$0	$0	$0
Michael Mitchell	Secretary	1.00	Director	$0	$0	$0
Kerry W Bell	Treasurer	1.00	Director	$0	$0	$0
Cornelius Beidleman	Assistant Treasurer	1.00	Director	$0	$0	$0
Owen Nixon	Talent Hunt Chair	1.00	Director	$0	$0	$0
Jeffrey Allen	Social Action Chair	1.00	Director	$0	$0	$0
Roderick Tasco	Scholarship Chair	1.00	Director	$0	$0	$0
Michael Frazier	Fatherhood Initiative	1.00	Director	$0	$0	$0
Melvin Stallings Jr	Math Chair	1.00	Director	$0	$0	$0
Shawn R Lacey	Director	1.00	Director	$0	$0	$0
Orlando Jay Allen	Director	1.00	Director	$0	$0	$0
Conrado B Morgan	Director	1.00	Director	$0	$0	$0
Craig Branch	Director	1.00	Director	$0	$0	$0
Craig Marcel Spraggins	Director	1.00	Director	$0	$0	$0
Carlos A Hutcherson	Director	1.00	Director	$0	$0	$0
Pitman C Rock Jr	Director	1.00	Director	$0	$0	$0
Leroy Mason	Director	1.00	Director	$0	$0	$0
Wil Bronson	Director	1.00	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
2025	$32,013	$25,955	$67,806	$6,058
2024	$10,058	$18,592	$48,697	$-8,534
2023	$42,877	$46,126	$57,231	$-3,249
2022	$27,446	$16,550	$54,905	$10,896

THIRD DISTRICT SCHOLARSHIP TALENT HUNT AND SOCIAL ACTION FOUNDATION