Accelerate4KIDS Foundation

EIN: 814456932 501(c)(3) Education

Detroit, MI

Total Revenue
$203,759
Total Expenses
$248,428
Total Assets
$12,165
Net Assets
$12,165
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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
2016
Legal Domicile
MI
Principal Officer
Thanh Tran
Phone
3134059457
Tax Period
2022-01-01 to 2022-12-31

Accelerate4KIDS Foundation, founded in 2016, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 22% operating deficit.

Mission

To create tomorrow creators by providing quality computer science and technology education to every child so they too can live a life of opportunity and prosperity

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $67,138
Program Service Revenue $136,621
Investment Income $0
Other Revenue $0
TOTAL REVENUE $203,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,391
Fundraising Expenses $17,210
Program Expenses $165,901
Other Expenses $151,037
TOTAL EXPENSES $248,428

Year-over-Year Comparison

2022 2021 Change
Revenue $203,759 $229,524 -0.1%
Expenses $248,428 $198,409 +0.3%
Net Income $-44,669 $31,115 -2.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
11
Volunteers
35

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
1
$62,400
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thanh Tran Executive Director 045.00
Officer
$60,000 $2,400 $62,400
Carolyn Clifford Board Member 000.10
Director
$0 $0 $0
Erin Grant Board Member 000.10
Director
$0 $0 $0
Jeffrey May Board Member 000.10
Director
$0 $0 $0
Kevin Fite Board Member 000.10
Director
$0 $0 $0
Maria LaLonde Board Member 000.10
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
2022 $203,759 $248,428 $12,165 $-44,669
2021 $229,524 $198,409 $56,834 $31,115
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