OTIS REDDING FOUNDATION INC (EIN 582435617) - 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

1998

Legal Domicile

Principal Officer

KARLA REDDING-ANDREWS

Phone

4782166847

Tax Period

2024-01-01 to 2024-12-31

OTIS REDDING FOUNDATION INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 74% operating margin.

Mission

TO ENLIGHTEN AND EMPOWER, ENRICH AND MOTIVATE ALL YOUNG PEOPLE THROUGH PROGRAMS INVOLVING MUSIC, WRITING AND INSTRUMENTATION.

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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 $2,803,352

Program Service Revenue $33,586

Investment Income $34,799

Other Revenue $-113,248

TOTAL REVENUE $2,758,489

Expense Breakdown

Grants Paid $990

Salaries & Benefits $198,635

Fundraising Expenses $181,542

Program Expenses $432,549

Other Expenses $529,524

TOTAL EXPENSES $729,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,758,489	$2,835,145	0.0%
Expenses	$729,149	$688,362	+0.1%
Net Income	$2,029,340	$2,146,783	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE DAUGHERTY	TREASURER	2.00	Officer Director	$0	$0	$0
T SCOTTY DUNCAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARYN FREY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA GRINER	BOARD MEMBER	2.00	Director	$0	$0	$0
DR TANZY KILCREASE	BOARD MEMBER	3.00	Director	$0	$0	$0
DR REBECCA LANNING	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCGOWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ZELMA REDDING	PRESIDENT	40.00	Officer Director	$0	$0	$0
KARLA REDDING-ANDREWS	VP/EXEC. DIR	40.00	Officer Director	$0	$0	$0
ARRON SAXE	BOARD MEMBER	1.00	Director	$0	$0	$0
LATOYA SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY TIMOTHY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR KEVIN WILLIAMS	BOARD MEMBER	1.00	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	$2,758,489	$729,149	$9,614,959	$2,029,340
2023	$2,835,145	$688,362	$4,817,697	$2,146,783
2022	$2,092,579	$606,135	$3,155,096	$1,486,444
2021	$1,312,142	$421,591	$2,235,839	$890,551
2020	$437,897	$241,661	$362,165	$196,236
2019	$410,447	$306,725	$172,076	$103,722
2018	$291,054	$289,536	$77,208	$1,518

OTIS REDDING FOUNDATION INC