BEATS RHYMES AND LIFE (EIN 452382705) - 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

2004

Legal Domicile

Principal Officer

Rob Jackson

Phone

5104693446

Tax Period

2024-01-01 to 2024-12-31

BEATS RHYMES AND LIFE, founded in 2004, is a community nonprofit in the Mental Health sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 6% surplus.

Mission

TO PROMOTE MENTAL HEALTH AND WELLNESS AMONG YOUTH AND YOUNG ADULTS OF COLOR, AND OTHER MARGINALIZED YOUTH, BY UTILIZING HIP HOP AND OTHER FORMS OF YOUTH CULTURE AS CATALYSTS FOR CHANGE AND DEVELOPMENT

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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 $2,493,307

Program Service Revenue $167,498

Investment Income $0

Other Revenue $14,986

TOTAL REVENUE $2,675,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,647,505

Fundraising Expenses $50,599

Program Expenses $1,922,377

Other Expenses $854,551

TOTAL EXPENSES $2,509,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,675,791	$1,865,766	+0.4%
Expenses	$2,509,731	$1,855,720	+0.4%
Net Income	$166,060	$10,046	+15.5%

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

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

$529,475

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JACKSON	EXECUTIVE DIRECTOR	40	Key Emp	$187,856	$0	$187,856
John Gill	Chief of Operations	40	Key Emp	$178,704	$0	$178,704
Jonathan Kim	Chief of Staff	40	Key Emp	$162,915	$0	$162,915
ARTAVIA BERRY	BOARD CHAIR	2.50	Director	$0	$0	$0
MALKIA CHIONESU	DIRECTOR	2.5	Director	$0	$0	$0
EUGENE STOVALL	DIRECTOR	2.5	Director	$0	$0	$0
Dominique Paiste Ponder	Director	2.5	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	$2,675,791	$2,509,731	$786,504	$166,060
2023	$1,865,766	$1,855,720	$641,830	$10,046
2022	$1,487,018	$1,372,485	$480,069	$114,533
2021	$1,010,098	$926,204	$140,794	$83,894
2020	$601,711	$606,509	$109,119	$-4,798
2019	$749,017	$716,860	$113,916	$32,157
2018	$614,361	$609,003	$98,292	$5,358

BEATS RHYMES AND LIFE