THE TAGGART FAMILY FOUNDATION INC

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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

2024

Legal Domicile

Principal Officer

KHAYLA DORSEY

Phone

8135454131

Tax Period

2024-12-10 to 2024-12-31

THE TAGGART FAMILY FOUNDATION INC, founded in 2024, is a small nonprofit in the Youth Development sector that reported $150K in total revenue in fiscal year 2024.

Mission

THE TAGGART FAMILY FOUNDATION PURPOSE IS TO EMPOWER AND UPLIFT UNDERSERVED YOUTH BY PROVIDING ACCESS TO TRANSFORMATIVE OPPORTUNITIES IN THE FIELD OF SPORTS, EDUCATION, WORKFORCE DEVELOPMENT, AND PERSONAL GROWTH. THROUGH MENTORSHIP, CAREER READINESS PROGRAMS, AND EXPOSURE TO DIVERSE EXPERIENCES- INCLUDING COLLEGE TOURS, STEM INITIATIVES, AND CULTUAL TRAVEL- THE FOUNDATION SEEKS TO CULTIVATE WELL-ROUNDED INDIVIDUALS CAPABLE OF SUCCESSDING ACADEMICALLY, PROFESSIONALLY AND PERSONALLY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $150,000

THESE ACTIVITIES DIRECTLY FURTHER THE FOUNDATION'S EXEMPT PURPOSES BY PROVIDING EDUCATIONAL, MENTORSHIP, AND WORKFORCE DEVELOPMENTOPPORTUNITIES FOR UNDERSERVED YOUTH IN THE PALMETTO COMMUNITY. BY...

THESE ACTIVITIES DIRECTLY FURTHER THE FOUNDATION'S EXEMPT PURPOSES BY PROVIDING EDUCATIONAL, MENTORSHIP, AND WORKFORCE DEVELOPMENTOPPORTUNITIES FOR UNDERSERVED YOUTH IN THE PALMETTO COMMUNITY. BY OFFERING ACCESS TO TRANSFORMATIVE EXPERIENCES SUCH AS STEM INITIATIVES,COLLEGE TOURS, AND CAREER READINESS PROGRAMS, THE FOUNDATION HELPS BRIDGE THE OPPORTUNITY GAP AND EMPOWERS YOUNG PEOPLE TO SUCCEEDACADEMICALLY, PROFESSIONALLY, AND PERSONALLY. THIS SUPPORTS THE FOUNDATION'S MISSION OF CULTIVATING WELL-ROUNDED INDIVIDUALS WHO ARE PREPARED FORSUCCESS, REGARDLESS OF THEIR SOCIO-ECONOMIC BACKGROUND.

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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 $150,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $150,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,000	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

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

N/A

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
WILLIE TAGGART	PRESIDENT/CHAIRMAN	1.00	Officer	$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	$150,000	No data	$150,000	No data