The Blues Foundation Inc (EIN 621083757) - 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

1980

Legal Domicile

Principal Officer

Terika Dean

Phone

9015272583

Tax Period

2023-10-01 to 2024-09-30

The Blues Foundation Inc, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 14% surplus.

Mission

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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 $1,860,639

Program Service Revenue $234,347

Investment Income $1,683

Other Revenue $0

TOTAL REVENUE $2,096,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $650,073

Fundraising Expenses $0

Program Expenses $1,808,975

Other Expenses $1,158,902

TOTAL EXPENSES $1,808,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,096,669	$1,211,621	+0.7%
Expenses	$1,808,975	$1,473,782	+0.2%
Net Income	$287,694	$-262,161	-2.1%

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

N/A

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
Peter Astrup	Director	4.00	Director	$0	$0	$0
Dr Dina Bennett	Director	4.00	Director	$0	$0	$0
Kathy Bolmer	Director	4.00	Director	$0	$0	$0
Billy Branch	Director	4.00	Director	$0	$0	$0
Terika Dean	Board Chair	4.00	Director	$0	$0	$0
Ronald Scott Fitzke	Director	4.00	Director	$0	$0	$0
Wayne Goins	Director	4.00	Director	$0	$0	$0
Janice Johnston	Director	4.00	Director	$0	$0	$0
Sherry May	Treasurer	4.00	Director	$0	$0	$0
Bruce Morel	Director	4.00	Director	$0	$0	$0
Cheryl Pawelski	Secretary	4.00	Director	$0	$0	$0
Gwendolyn Quinn	Director	4.00	Director	$0	$0	$0
Kimberly Horton	Executive Director	4.00	Director	$0	$0	$0
Jeff Syracuse	Immediate Past Chair	4.00	Director	$0	$0	$0
Ric Whitney	Director	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	$2,096,669	$1,808,975	$2,515,456	$287,694
2023	$1,211,621	$1,473,782	$3,697,234	$-262,161
2022	$1,236,532	$1,481,444	$4,373,317	$-244,912
2021	$1,249,645	$1,107,815	$4,533,935	$141,830
2020	$1,436,713	$1,319,323	$4,369,952	$117,390
2019	$1,533,912	$1,397,173	$4,240,107	$136,739
2018	$1,318,122	$1,312,867	$4,068,163	$5,255

The Blues Foundation Inc