MOTIVATE OUR MINDS INC (EIN 351734264) - 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

1987

Legal Domicile

Principal Officer

BETH QUARLES

Phone

7652891990

Tax Period

2023-01-01 to 2023-12-31

MOTIVATE OUR MINDS INC, founded in 1987, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 28% operating margin.

Mission

EDUCATING CHILDREN AND FAMILIES TO GROW AND FLOURISH.

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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 $528,138

Program Service Revenue $10,343

Investment Income $2,031

Other Revenue $11,239

TOTAL REVENUE $551,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,472

Fundraising Expenses $22,847

Program Expenses $222,511

Other Expenses $168,302

TOTAL EXPENSES $396,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,751	$236,447	+1.3%
Expenses	$396,774	$310,030	+0.3%
Net Income	$154,977	$-73,583	-3.1%

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

1026

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

$69,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH QUARLES	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS ALLEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KARI GAYES	SECRETARY	1.00	Officer Director	$0	$0	$0
LEAH WINNER	TREASURER	1.00	Officer Director	$0	$0	$0
MARY DOLLISON	CO-FOUNDER	1.00	Director	$0	$0	$0
DR KENDRA LOWERY	DIRECTOR	1.00	Director	$0	$0	$0
DR RONA-ROBINSON-HILL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GILLAND	DIRECTOR	1.00	Director	$0	$0	$0
DESTINEE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
DENISE MILLBEN-WILLIAMS	EXECUTIVE DI	40.00	Director	$69,000	$0	$69,000

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	$551,751	$396,774	$1,056,636	$154,977
2022	$236,447	$310,030	$855,215	$-73,583
2021	$410,904	$357,727	$947,881	$53,177
2020	$300,370	$320,982	$904,183	$-20,612
2019	$278,729	$303,876	$871,816	$-25,147
2018	$301,841	$328,044	$884,734	$-26,203

MOTIVATE OUR MINDS INC