KOOL BOIZ FOUNDATION (EIN 474625578) - 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

2015

Legal Domicile

Principal Officer

BRUCE RUSHTON

Phone

3023179057

Tax Period

2024-01-01 to 2024-12-31

KOOL BOIZ FOUNDATION, founded in 2015, is a small nonprofit in the Youth Development sector that reported $118K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $105K left a modest 11% surplus.

Mission

THE KOOL BOIZ FOUNDATION IS DEDICATED TO PROVIDING EDUCATIONAL, FINANCIAL, AND EMOTIONAL SUPPORT FOR BOYS AND YOUNG MEN OF COLOR. WE ARE A LEADING ADVOCATE FOR THESE YOUTHS AND A CATALYST FOR EMPOWERMENT AND CHANGE. THROUGH OUR COLLEGE SCHOLARSHIPS, MENTORING PROGRAMS, AND YOUTH EMPOWERMENT CONFERENCES, WE ARE BUILDING FUTURE LEADERS AND ENTREPRENEURS.

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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 $116,315

Program Service Revenue $0

Investment Income $0

Other Revenue $1,760

TOTAL REVENUE $118,075

Expense Breakdown

Grants Paid $3,954

Salaries & Benefits $53,844

Fundraising Expenses $0

Program Expenses $26,592

Other Expenses $47,626

TOTAL EXPENSES $105,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,075	$70,327	+0.7%
Expenses	$105,424	$104,863	+0.0%
Net Income	$12,651	$-34,536	-1.4%

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

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

$41,760

Total Directors

$41,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE RUSHTON	PRESIDENT	4.00	Officer Director	$41,760	$0	$41,760
SCOTT WASHINGTON	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
ANGELA JOHNSON	SECRETARY	4.00	Officer Director	$0	$0	$0
DWAYNE TOWNSEND	TREASURER	4.00	Officer Director	$0	$0	$0
KENNETH BOONE	BOARD MEMBER	4.00	Director	$0	$0	$0
MELISSA BROWN	BOARD MEMBER	4.00	Director	$0	$0	$0
RONNELL ELKINS	BOARD MEMBER	4.00	Director	$0	$0	$0
STEVE JONES	BOARD MEMBER	4.00	Director	$0	$0	$0
MARTEECE WATERS	BOARD MEMBER	4.00	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
2024	$118,075	$105,424	$49,633	$12,651

KOOL BOIZ FOUNDATION