FIREWORK FOUNDATION

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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

2011

Legal Domicile

Principal Officer

KATHERYN HUDSON

Phone

8189900550

Tax Period

2023-01-01 to 2023-12-31

FIREWORK FOUNDATION, founded in 2011, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $810K, a strong 64% operating margin.

Mission

TO EMPOWER CHILDREN FROM UNDERSERVED COMMUNITIES BY IGNITING THEIR INNER LIGHT THROUGH THE ARTS; TO PROMOTE, SUPPORT AND ENCOURAGE THE EDUCATION OF CHILDREN; TO PROVIDE CHILDREN WITH LIFE EXPERIENCES THROUGH PROGRAMS AND CLASSES; TO ENCOURAGE AND PROMOTE A POSITIVE SELF IMAGE IN CHILDREN; TO ENCOURAGE THE CHILD TO SET LIFE GOALS AND TO REALIZE HIS OR HER POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $316,785

TO PROMOTE, SUPPORT AND ENCOURAGE THE EDUCATION OF CHILDRENCAMP FIREWORK IS A SLEEP AWAY EXPERIENCE IN NATURE WHERE KIDS CAN HAVE A SAFE SPACE TO DISCOVER THEIR SPARK THROUGH ARTISTIC PROGRAMMING AND...

Program 2

Expenses: $25,514

LAAMP IS A ONE-WEEK INTENSIVE MUSIC PRODUCTION WORKSHOP WHERE LEADERS IN TRAINING (LIT'S) HAVE A CREATIVE OUTLET TO EXPERIENCE THE FULL PROCESS OF MAKING MUSIC FROM START TO FINISH ALONGSIDE...

LAAMP IS A ONE-WEEK INTENSIVE MUSIC PRODUCTION WORKSHOP WHERE LEADERS IN TRAINING (LIT'S) HAVE A CREATIVE OUTLET TO EXPERIENCE THE FULL PROCESS OF MAKING MUSIC FROM START TO FINISH ALONGSIDE EXPERIENCED PRODUCERS AND MUSICIANS.

Program 3

Expenses: $13,158

OUR CAMP FIREWORK REUNIONS OFFER A CREATIVE SPACE FOR CAMPERS TO RECONNECT WITH THEIR PEERS AND COUNSELORS WHILE REFLECTING ON HOW CAMP IMPACTED THEIR LIVES AND HOW THEY ARE USING THE FIREWORK...

OUR CAMP FIREWORK REUNIONS OFFER A CREATIVE SPACE FOR CAMPERS TO RECONNECT WITH THEIR PEERS AND COUNSELORS WHILE REFLECTING ON HOW CAMP IMPACTED THEIR LIVES AND HOW THEY ARE USING THE FIREWORK PILLARS IN THEIR EVERYDAY LIVES.

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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 $1,353,560

Program Service Revenue $0

Investment Income $4,515

Other Revenue $-94,490

TOTAL REVENUE $1,263,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,652

Fundraising Expenses $35,047

Program Expenses $368,240

Other Expenses $264,379

TOTAL EXPENSES $454,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,263,585	$423,678	+2.0%
Expenses	$454,031	$451,071	+0.0%
Net Income	$809,554	$-27,393	-30.6%

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

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

$95,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERYN HUDSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
NGOC HOANG-DELVECCHIO	SECRETARY	1.00	Officer Director	$0	$0	$0
BERNIE GUDVI	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS ROLLERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDEE ANN WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DERAY MCKESSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GAUDECIO MARQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL STARLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA LERCHE	EXECUTIVE DIRECTOR	40.00	Officer	$95,481	$0	$95,481

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	$1,263,585	$454,031	$990,421	$809,554
2022	$423,678	$451,071	$180,310	$-27,393
2021	$49,959	$338,019	$207,703	$-288,060
2020	$179,081	$341,807	$495,763	$-162,726
2020	$179,081	$341,807	$495,763	$-162,726
2019	$498,563	$443,323	$658,489	$55,240
2018	$632,291	$549,606	$603,249	$82,685