TURN 2 FOUNDATION INC (EIN 341847687) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

SHARLEE JETER

Phone

2169204800

Tax Period

2023-01-01 to 2023-12-31

TURN 2 FOUNDATION INC, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 37% operating margin.

Mission

TO CREATE AND SUPPORT SIGNATURE PROGRAMS AND ACTIVITIES THAT MOTIVATE YOUNG PEOPLE TO TURN AWAY FROM DRUGS AND ALCOHOL AND "TURN 2" HEALTHY LIFESTYLES. THROUGH THESE VENTURES, THE FOUNDATION STRIVES TO CREATE OUTLETS TO PROMOTE & REWARD ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT & POSITIVE BEHAVIOR.

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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 $3,563,455

Program Service Revenue $0

Investment Income $973,660

Other Revenue $-380,911

TOTAL REVENUE $4,156,204

Expense Breakdown

Grants Paid $444,180

Salaries & Benefits $780,112

Fundraising Expenses $83,909

Program Expenses $1,891,146

Other Expenses $1,404,913

TOTAL EXPENSES $2,629,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,156,204	$1,793,494	+1.3%
Expenses	$2,629,205	$4,233,304	-0.4%
Net Income	$1,526,999	$-2,439,810	-1.6%

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

$110,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK S JETER	CHAIRMAN, DIRECTOR	1.00	Officer Director	$0	$0	$0
SANDERSON CHARLES JETER	VICE CHAIRMAN, DIRECTOR	1.00	Officer Director	$0	$0	$0
DOROTHY JETER	TREASURER, DIRECTOR	1.00	Officer Director	$0	$0	$0
SHARLEE JETER	PRESIDENT/SECRETARY, DIREC	20.00	Officer Director	$0	$0	$0
NNEKA FRYE	DIRECTOR	1.00	Director	$0	$0	$0
GERALD WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH JETER	DIRECTOR	1.00	Director	$0	$0	$0
FRANLI GUZMAN	VICE PRESIDENT	40.00	Officer	$110,206	$0	$110,206

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	$4,156,204	$2,629,205	$1,531,742	$1,526,999
2022	$1,793,494	$4,233,304	$5,569,855	$-2,439,810
2021	$3,566,253	$2,683,348	$7,094,399	$882,905
2020	$887,987	$1,756,814	$4,224,950	$-868,827
2019	$1,798,690	$4,873,454	$4,930,752	$-3,074,764
2018	$2,498,264	$2,283,320	$5,653,471	$214,944

TURN 2 FOUNDATION INC