Nat King Cole Generation Hope Inc (EIN 800149522) - 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

2008

Legal Domicile

Principal Officer

Timolin Cole-Augustus

Phone

5612138209

Tax Period

2023-01-01 to 2023-12-31

Nat King Cole Generation Hope Inc, founded in 2008, is a small nonprofit in the Education sector that reported $348K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $408K exceeded revenue, resulting in a 17% operating deficit.

Mission

Nat King Cole Generation Hope, Inc. provides access to music education for children with the greatest need by cultivating opportunities and funding programs for instruction, mentoring and resources.

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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 $347,272

Program Service Revenue $0

Investment Income $537

Other Revenue $0

TOTAL REVENUE $347,809

Expense Breakdown

Grants Paid $14,885

Salaries & Benefits $152,908

Fundraising Expenses $15,393

Program Expenses $346,860

Other Expenses $240,557

TOTAL EXPENSES $408,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,809	$313,105	+0.1%
Expenses	$408,350	$228,256	+0.8%
Net Income	$-60,541	$84,849	-1.7%

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

Volunteers

100

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shanna St John	Executive Director	40.00	Officer	$80,000	$0	$80,000
Timolin Cole-Augustus	President	4.00	Officer Director	$0	$0	$0
Casey Cole-Ray	Vice-President	4.00	Officer Director	$0	$0	$0
Karli Vazquez-Mendez	Board Member	2.00	Director	$0	$0	$0
Liz McDermott	Board Member	2.00	Director	$0	$0	$0
Beth Stibal	Board Member	2.00	Director	$0	$0	$0
Joe Barilla	Board Member	2.00	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	No data	No data	No data	No data
2023	$347,809	$408,350	$105,587	$-60,541
2022	$313,105	$228,256	$164,155	$84,849
2021	$227,600	$223,585	$82,582	$4,015
2020	$180,126	$195,086	$74,469	$-14,960
2019	$337,029	$291,216	$85,767	$45,813
2018	$214,138	$275,466	$70,166	$-61,328

Nat King Cole Generation Hope Inc