MACKIDA LOVEAL & TRIP MENTORING OU… - 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

2014

Legal Domicile

Principal Officer

LaShauna Triplett

Phone

3174806825

Tax Period

2023-01-01 to 2023-12-31

MACKIDA LOVEAL & TRIP MENTORING OUTREACH CENTER, founded in 2014, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $234K, a strong 18% operating margin.

Mission

The organization's primary exempt purpose is exclusively for charatible religious educational and scientific purposes including such purposes that making of distributions to organizations that qualify as exempt organizations under section 501c3 of Internal Revenue Code or corresponding section of any future federal code. Specifically to focus on a boarder spectrum of inner city youth. Where we can provide them with a healthy environment so their scholastic abilities can be fed and encouraged to flourish to their highest and best potential.

Program Service Accomplishments

Program 1

Expenses: $347,500 Revenue: $0

MLT exceeded outcome goal of 99% of youth will remain enrolled in an academic program geared towards graduation. During 2023, 100% of the youth participating in MLT's programming remained in an...

MLT exceeded outcome goal of 99% of youth will remain enrolled in an academic program geared towards graduation. During 2023, 100% of the youth participating in MLT's programming remained in an academic program.

Program 2

Expenses: $201,000 Revenue: $0

MLT exceeded outcome goal of 95% of youth in the program will not re-offend while enrolled in this program and 1-year post programming. MLT had a 1% recidivism rate in 2023.

Program 3

Expenses: $243,500 Revenue: $0

MLT meet the goal of families involved in program would not have any substantiated charges with DCS. Families received wrap around services for family preservation. In 2023 no prevention families...

MLT meet the goal of families involved in program would not have any substantiated charges with DCS. Families received wrap around services for family preservation. In 2023 no prevention families became involved with the system. This goal has been exceeded for the last three years.

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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 $970,063

Program Service Revenue $349,070

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,319,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,000

Fundraising Expenses $0

Program Expenses $1,084,933

Other Expenses $692,933

TOTAL EXPENSES $1,084,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,319,133	$654,957	+1.0%
Expenses	$1,084,933	$474,000	+1.3%
Net Income	$234,200	$180,957	+0.3%

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

N/A

Employees

N/A

Volunteers

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
Fletcher Triplett	Vice President	30	Officer	$0	$0	$0
Lashauna Triplett	President	33.00	Officer	$0	$0	$0
Cora Easter	Administrative Assistant	20.00	Officer	$0	$0	$0
Hazel Veal	Secretary	27	Officer	$0	$0	$0
LaShonda Brown	Parent Board Member	10.00	Officer Key Emp	$0	$0	$0
Neal Rabold	Community Board Member	15	Officer	$0	$0	$0
Davita Anderson	Parent Board Member	10	Officer	$0	$0	$0
Tamara French	Board Member Director of Education	5.00	Officer	$0	$0	$0
Malichia Williams	Parent Board Member	25	Officer	$0	$0	$0
Regina Jordan	Grant writer	15	Officer	$0	$0	$0
Nakia Veal	Parent Advocate Board Member	12	Officer	$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	$1,319,133	$1,084,933	$1,319,133	$234,200
2023	$1,319,133	$1,084,933	$1,319,133	$234,200
2022	$654,957	$474,000	$654,957	$180,957
2021	$472,879	$371,765	$472,879	$101,114
2020	$331,314	$291,694	$331,314	$39,620

MACKIDA LOVEAL & TRIP MENTORING OUTREACH CENTER