Ludacris Foundation Inc (EIN 364487042) - 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

2002

Legal Domicile

Principal Officer

Roberta Shields

Phone

4046840094

Tax Period

2024-01-01 to 2024-12-31

Ludacris Foundation Inc, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $237K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $311K exceeded revenue, resulting in a 31% operating deficit.

Mission

"Helping youth help themselves" the Ludacris Foundation inspires youth through education and memorable experiences to live their dreams. (continued on Sch O)

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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 $237,020

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,020

Expense Breakdown

Grants Paid $167,240

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,681

Other Expenses $144,122

TOTAL EXPENSES $311,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,020	$717,035	-0.7%
Expenses	$311,362	$989,771	-0.7%
Net Income	$-74,342	$-272,736	-0.7%

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

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
Christopher Bridges	Chairman	1.00	Officer Director	$0	$0	$0
Roberta Shields	President	1.00	Officer Director	$0	$0	$0
Lisa Franklin	Secretary	1.00	Officer Director	$0	$0	$0
Jini Thornton	Treasurer	1.00	Officer 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
2024	$237,020	$311,362	$246,440	$-74,342
2023	$717,035	$989,771	$320,782	$-272,736
2022	$552,335	$224,155	$593,518	$328,180
2021	$166,821	$295,643	$265,338	$-128,822
2020	$233,295	$217,277	$394,160	$16,018
2018	$163,556	$207,269	$499,583	$-43,713

Ludacris Foundation Inc