NAOMI H TRUMAN SCHOLARSHIP FOUNDAT… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

JACQUELINE FRENCH

Phone

2055217724

Tax Period

2023-01-01 to 2023-12-31

NAOMI H TRUMAN SCHOLARSHIP FOUNDATION, founded in 2013, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $64K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE FINANCIAL RESOURCES FOR EDUCATIONAL AND TRAINING OPPORTUNITIES FOR THE RESIDENTS OF THE HOUSING AUTHORITY OF THE BIRMIGHAM DISTRICT (HABD) AND SECTION 8 FAMILY SELF-SUFFICIENCY PROGRAM (FSS) PARTICIPANTS IN THE CITY OF BIRMINGHAM AND JEFFERSON COUNTY THROUGH PERIODIC AND ANNUAL AWARDS OF SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $46,281

TO PROVIDE FINANCIAL RESOURCES FOR EDUCATIONAL AND TRAINING OPPORTUNITIES FOR THE RESIDENTS OF THE HOUSING AUTHORITY OF THE BIRMINGHAM DISTRICT (HABD) AND SECTION 8 FAMILY SELF-SUFFICIENCY PROGRAM...

TO PROVIDE FINANCIAL RESOURCES FOR EDUCATIONAL AND TRAINING OPPORTUNITIES FOR THE RESIDENTS OF THE HOUSING AUTHORITY OF THE BIRMINGHAM DISTRICT (HABD) AND SECTION 8 FAMILY SELF-SUFFICIENCY PROGRAM (FSS) PARTICIPANTS IN THE CITY OF BIRMIGHAM AND JEFFERSON COUNTY THROUGH PERIODIC AND ANNUAL AWARDS OF SCHOLARSHIPS

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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 $1,334

Program Service Revenue $43,057

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,781

Other Expenses $64,087

TOTAL EXPENSES $64,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,391	$48,594	-0.1%
Expenses	$64,087	$46,237	+0.4%
Net Income	$-19,696	$2,357	-9.4%

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
JAMILAH ARRINGTON	SECRETARY	N/A	Officer Director	$0	$0	$0
CARDELL DAVIS	MEMBER	N/A	Director	$0	$0	$0
JACQUELINE FRENCH	PRESIDENT	N/A	Officer Director	$0	$0	$0
ARMON MATTHEWS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TIFFANY TATLOR	MEMBER	N/A	Director	$0	$0	$0
KOZETTE TODD	TREASURER	N/A	Officer Director	$0	$0	$0
JOYCE TURNER	MEMBER	N/A	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	No data	No data	No data	No data
2023	$44,391	$64,087	$274,700	$-19,696
2022	$48,594	$46,237	$294,396	$2,357
2019	$129,140	$68,671	$354,915	$60,469
2018	$128,294	$38,861	$294,446	$89,433

NAOMI H TRUMAN SCHOLARSHIP FOUNDATION