Auntie Karen Foundation (EIN 571131878) - 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

2001

Legal Domicile

Principal Officer

Karen Alexander-Banks

Phone

8033198862

Tax Period

2023-01-01 to 2023-12-31

Auntie Karen Foundation, founded in 2001, is a small nonprofit in the Youth Development sector that reported $948K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

The Auntie Karen Foundation is a global non-profit in South Carolina whose mission is to create and implement a series of reproducible community outreach programs to empower, enlighten and educate through the arts. The Legends of Concert series is the signature event for the Auntie Karen Foundation, which strives to keep the legacy of African-American music alive.

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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 $78,283

Program Service Revenue $869,428

Investment Income $15

Other Revenue $442

TOTAL REVENUE $948,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,146

Fundraising Expenses $0

Program Expenses $871,641

Other Expenses $859,521

TOTAL EXPENSES $942,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$948,168	$677,941	+0.4%
Expenses	$942,667	$676,980	+0.4%
Net Income	$5,501	$961	+4.7%

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

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

$83,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Alexander-Banks	President	40.00	Officer	$83,146	$0	$83,146
Deborah Breedlove	Treasurer	0.00	Officer	$0	$0	$0
Toshia Addison	Vice President	0.00	Officer	$0	$0	$0
Mildred Branch	Vice President	0.00	Officer	$0	$0	$0
Linda Paige	Secretary	0.00	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	$948,168	$942,667	$138,569	$5,501
2022	$677,941	$676,980	$133,068	$961
2021	$478,372	$917,949	$138,654	$-439,577
2020	$397,782	$352,338	$571,684	$45,444
2019	No data	No data	No data	No data
2018	$324,654	$295,230	$52,104	$29,424

Auntie Karen Foundation