RHONDA WALKER FOUNDATION

EIN: 352197960 501(c)(3) Youth Development

DETROIT, MI

Total Revenue
$765,395
Total Expenses
$1,157,084
Total Assets
$713,445
Net Assets
$665,462
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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
2003
Legal Domicile
MI
Principal Officer
LLOYD BANKS
Phone
3132631676
Tax Period
2023-01-01 to 2023-12-31

RHONDA WALKER FOUNDATION, founded in 2003, is a small nonprofit in the Youth Development sector that reported $765K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 51% operating deficit.

Mission

TO EMPOWER INNER-CITY TEEN GIRLS TOWARDS BECOMING STRONG, CONFIDENT, AND MORAL FUTURE LEADERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $857,271
Program Service Revenue $0
Investment Income $8,116
Other Revenue $-99,992
TOTAL REVENUE $765,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $388,340
Fundraising Expenses $148,809
Program Expenses $904,308
Other Expenses $768,744
TOTAL EXPENSES $1,157,084

Year-over-Year Comparison

2023 2022 Change
Revenue $765,395 $597,481 +0.3%
Expenses $1,157,084 $836,858 +0.4%
Net Income $-391,689 $-239,377 +0.6%
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

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Governance

Voting Members
18
Independent Members
18
Employees
4
Volunteers
20

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
6
$172,110
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RHONDA WALKER PRESIDENT AND FOUNDER 15.00
Officer Director
$0 $0 $0
LLOYD BANKS CHAIR 15.00
Officer Director
$0 $0 $0
KIMBERLY KEATON-WILLIAMS VICE-CHAIR 5.00
Officer Director
$0 $0 $0
MICHAEL MONTGOMERY TREASURER 5.00
Officer Director
$0 $0 $0
SHEREE CALHOUN SECRETARY 1.00
Officer Director
$0 $0 $0
JA'DON BRIDGES DIRECTOR 1.00
Director
$0 $0 $0
TRACY FUERST DIRECTOR 1.00
Director
$0 $0 $0
ROBIN GAMBLE DIRECTOR 1.00
Director
$0 $0 $0
NIKKI HOWARD-COMBS DIRECTOR 1.00
Director
$0 $0 $0
STACIE HUNTER DIRECTOR 1.00
Director
$0 $0 $0
RENATO JAMETT DIRECTOR 1.00
Director
$0 $0 $0
HON SHELIA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BURT JORDAN DIRECTOR 1.00
Director
$0 $0 $0
BRIANA MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
MONYKA MURPHY DIRECTOR 1.00
Director
$0 $0 $0
CARLA SARTI DIRECTOR 1.00
Director
$0 $0 $0
BONNIE K SMITH DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SMITH DIRECTOR 1.00
Director
$0 $0 $0
RUSELDA VILLANUEVA JOHNSON CHIEF EXECUTIVE OFFICER 40.00
Officer
$159,750 $12,360 $172,110
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 $765,395 $1,157,084 $713,445 $-391,689
2022 $597,481 $836,858 $1,045,332 $-239,377
2021 $988,424 $669,166 $1,308,986 $319,258
2020 $559,179 $541,146 $1,016,806 $18,033
2019 $529,550 $546,711 $936,889 $-17,161
2018 $489,929 $298,963 $937,530 $190,966
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