The Louie Bing Athletic Scholarship Fund (EIN 650745873) - 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

1997

Legal Domicile

Principal Officer

Viviloria Bing

Phone

3052330652

Tax Period

2024-01-01 to 2024-12-31

The Louie Bing Athletic Scholarship Fund, founded in 1997, is a micro nonprofit in the Education sector that reported $14K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 79% operating deficit.

Mission

Football workshopscoaches clinicstrack meet seminars for coaches athletescollege recruitng fairs and scholarships6000 served

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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 $13,599

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,166

Program Expenses $15,017

Other Expenses $24,319

TOTAL EXPENSES $24,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,599	$26,657	-0.5%
Expenses	$24,319	$36,616	-0.3%
Net Income	$-10,720	$-9,959	+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

N/A

Employees

N/A

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
DEBRA DAVIS	Assitant Secretary	4.00	Officer Director	$0	$0	$0
LASHARNE BING-COTTON	Vice Chair	4.00	Officer Director	$0	$0	$0
SHEILA JACKSON	Secretary	3.00	Officer Director	$0	$0	$0
MARIJO BATIST	Trustee	1.00	Director	$0	$0	$0
PAMELA DAVIS	Financial Secretary	1.00	Officer Director	$0	$0	$0
AQUANETTA BUGGS-STEVENS	Parlimentarian	1.00	Director	$0	$0	$0
MARJORIE KNIGHTS	Trustee	1.00	Director	$0	$0	$0
KIRK KING	Treasurer	3.00	Officer Director	$0	$0	$0
VIVILORIA BING	ChairpersonPres	5.00	Officer Director	$0	$0	$0
LATONYA GARDNER	Trustee	1.00	Director	$0	$0	$0
CARMEN JACKSON	Trustee	1.00	Director	$0	$0	$0
JANISHA RICHARDSON	Trustee	1.00	Director	$0	$0	$0
MARC BERMAN	Trustee	1.00	Director	$0	$0	$0
ZINA BERMAN	Trustee	1.00	Director	$0	$0	$0
CALVIN JACKSON	Trustee	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	$13,599	$24,319	$42,111	$-10,720
2023	$26,657	$36,616	$50,544	$-9,959
2022	$22,521	$22,115	$50,544	$406
2020	$42,082	$14,744	$42,082	$27,338

The Louie Bing Athletic Scholarship Fund