1HOOD MEDIA ACADEMY INC

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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

2017

Legal Domicile

Principal Officer

JASIRI SMITH

Phone

4124042347

Tax Period

2023-01-01 to 2023-12-31

1HOOD MEDIA ACADEMY INC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

BUILDING LIBERATED COMMUNITIES THROUGH ART, EDUCATION, AND CULTURAL ORGANIZING.

Program Service Accomplishments

Program 1

Expenses: $1,661,998 Revenue: $21,984

1HOOD GOES BEYOND TRADITIONAL ARTS ORGANIZATIONS, SERVING AS CULTURAL ORGANIZERS WHO LEVERAGE ARTS, MUSIC, FOOD, AND JOY TO ACTIVATE COMMUNITIES AND ADVOCATE FOR CHANGE, OUR WORK SPANS PROGRAMS...

1HOOD GOES BEYOND TRADITIONAL ARTS ORGANIZATIONS, SERVING AS CULTURAL ORGANIZERS WHO LEVERAGE ARTS, MUSIC, FOOD, AND JOY TO ACTIVATE COMMUNITIES AND ADVOCATE FOR CHANGE, OUR WORK SPANS PROGRAMS, EVENTS, AND MEDIA OUTLETS ROOTED IN OUR FIVE PILLARS ARTS AND CULTURE, EDUCATION, MEDIA, CIVIC ENGAGEMENT, AND CULTURAL PRACTICES. PROGRAMS INCLUDE ARTIST DEVELOPMENT (1HOOD SELECT, ARTIVIST ACADEMY), YOUTH MEDIA LITERACY (MEDIA ACADEMY), SAFETY INITIATIVES (WE KEEP US SAFE, FRIDAYS ON DECK), CIVIC ENGAGEMENT EVENTS (PEOPLE, POWER, AND POLITICS), AND PODCASTS (BRUNCH WITH A BLACK MAN, WHAT PITTSBURGHERS NEED TO KNOW). ADDITIONAL PROGRAMMING ALIGNING WITH COMMUNITY NEEDS AND THE VALUES OF 1HOOD MAY BE POSSIBLE.

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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 $1,723,532

Program Service Revenue $21,984

Investment Income $2

Other Revenue $135

TOTAL REVENUE $1,745,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,205

Fundraising Expenses $210,975

Program Expenses $1,661,998

Other Expenses $1,564,954

TOTAL EXPENSES $2,241,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,745,653	$2,400,840	-0.3%
Expenses	$2,241,159	$2,010,802	+0.1%
Net Income	$-495,506	$390,038	-2.3%

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

$237,600

Total Directors

$66,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELESTE SMITH	VICE PRESIDENT	40.00	Officer Director	$66,000	$0	$66,000
CORNELL JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
BAKARI KITWANA	BOARD MEMBER	1.00	Director	$0	$0	$0
JANNAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
WASIULLAH MOHAMED	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELIA WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASIRI SMITH	EXECUTIVE DIRECTOR	65.00	Officer	$171,600	$0	$171,600

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	$1,745,653	$2,241,159	$1,900,045	$-495,506
2022	$2,400,840	$2,010,802	$2,520,494	$390,038
2021	$1,856,214	$1,400,015	$1,967,840	$456,199
2020	$2,028,378	$918,600	$1,467,715	$1,109,778
2019	$694,888	$569,035	$322,612	$125,853
2018	$520,711	$530,326	$189,367	$-9,615