TANKPROOF (EIN 472705011) - 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

2011

Legal Domicile

Principal Officer

TORRENCE THOMAS

Phone

2259390931

Tax Period

2023-01-01 to 2023-12-31

TANKPROOF, founded in 2011, is a small nonprofit in the Youth Development sector that reported $288K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

WE ARE TANKPROOF, A NONPROFIT THAT GIVES YOUTH IN UNDER-SERVED COMMUNITIES EDUCATION AND ESSENTIALS TO NAVIGATE LIFE'S CURRENTS. FROM PROVIDING QUALITY SWIM INSTRUCTION TO FEEDING HUNDREDS ON OUR NEIGHBORHOOD FOOD ROUTES, WE HAVE HAD THE OPPORTUNITY TO IMPACT MULTIPLE CITIES, AND WILL CONTINUE TO EXPAND TO OTHERS. OUR GOAL IS TO PROVIDE ACCESS, EQUITY, AND OPPORTUNITY THROUGH OUR SWIMMING LESSONS TO MAKE COMMUNITIES SAFER AND EVEN SAVE 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 $287,872

Program Service Revenue $280

Investment Income $0

Other Revenue $0

TOTAL REVENUE $288,152

Expense Breakdown

Grants Paid $390

Salaries & Benefits $140,856

Fundraising Expenses $0

Program Expenses $186,965

Other Expenses $152,001

TOTAL EXPENSES $293,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,152	$319,841	-0.1%
Expenses	$293,247	$334,659	-0.1%
Net Income	$-5,095	$-14,818	-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

N/A

Employees

Volunteers

120

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

$14,609

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THURMAN THOMAS III	PRESIDENT	15.00	Director	$13,576	$0	$13,576
TORRENCE L THOMAS	VICE PRESIDENT	15.00	Director	$1,033	$0	$1,033
OSAHON OKUNDAYE	SECRETARY	15.00	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
2023	$288,152	$293,247	$989	$-5,095
2022	$319,841	$334,659	$6,376	$-14,818
2021	$293,422	$277,594	$21,194	$15,828

TANKPROOF