TARIK BLACK FOUNDATION 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

Judith Moore

Phone

9014855425

Tax Period

2019-01-01 to 2019-12-31

TARIK BLACK FOUNDATION INC, founded in 2017, is a small nonprofit in the Youth Development sector that reported $188K in total revenue in fiscal year 2019. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $160K left a modest 15% surplus.

Mission

TO INSPIRE YOUTH AND PREPARE THEM TO SUCCEED AND POSITIVELY IMPACT THEIR COMMUNITIES. THE FOUNDATION'S CORE VALUES ARE: FAITH,COMPASSION, INTEGRITY, AND OPPORTUNITY. THESE PRINCIPLES GUIDE ALL THAT THE FOUNDATION DOES AND FORMS THE BASIS FOR ITS SERVICE TO YOUTH.

Program Service Accomplishments

Program 1

Expenses: $27,868 Revenue: $0

TRANSFORMATION50 BASKETBALL AND LIFE SKILLS CAMP PROVIDED BASKETBALL CLINIC AND LIFE SKILLS CLASSES FOR 50 BOYS AGES BETWEEN 11-15. THE CAMP IS ONE WEEK AND IS FREE OF CHARGE. IT INCLUDES A...

TRANSFORMATION50 BASKETBALL AND LIFE SKILLS CAMP PROVIDED BASKETBALL CLINIC AND LIFE SKILLS CLASSES FOR 50 BOYS AGES BETWEEN 11-15. THE CAMP IS ONE WEEK AND IS FREE OF CHARGE. IT INCLUDES A BASKETBALL CLINIC AND LIFE SKILLS CLASSES. THE CAMP ALSO INCLUDES A FIELD TRIP TO THE SPACE AND ROCKET CENTER AND A PUBLIC FORUM.

Program 2

Expenses: $20,461 Revenue: $0

SUMMER GLAM (GIRLS' LIFE ACADEMY MEMPHIS) IS A SIX-WEEK INTERNSHIP PROGRAM FOR YOUNG LADIES 16 - 20 IN MEMPHIS. THE 25 INTERNS ARE EMPLOYED BY THE CITY TO ATTEND THE PROGRAM WHICH ASIDE FROM THEIR...

SUMMER GLAM (GIRLS' LIFE ACADEMY MEMPHIS) IS A SIX-WEEK INTERNSHIP PROGRAM FOR YOUNG LADIES 16 - 20 IN MEMPHIS. THE 25 INTERNS ARE EMPLOYED BY THE CITY TO ATTEND THE PROGRAM WHICH ASIDE FROM THEIR SALARIES IS TOTALLY FUNDED BY THE TARIK BLACK FOUNDATION. THE EXPERIENCE INCLUDES LIFE SKILLS SESSIONS CONDUCTED BY PROFESSIONALS FROM VARIOUS WALKS OF LIFE BOTH LOCAL AND NATIONAL EXPERTS WHO OFFER THEIR KNOWLEDGE. IT ALSO INCLUDES EXPERIENTAL FIELD TRIPS, HANDS ON ACTIVITIES PLAYS, BOOKS AND CULMINATES WITH A NETWORKING AND AWARDS GALA ALLOWING THE 25 PARTICIPANTS TO DEMONSTRATE AND UTILIZE MANY OF THE LIFE SKILLS ACQUIRED AND AWARD THEM FOR SUCCESSFULLY COMPLETING THE PROGRAM. THE OVERALL GOAL IS TO HELP ENSURE YOUTH TRANSITION TO ADULTHOOD BEING WELL INFORMED, WELLPREPARED AND WELL ROUNDED.

Program 3

Expenses: $20,462 Revenue: $0

SPORTS CAREER INTERNSHIP: Sports Careers is a six weeks internship program for 50 young men that allows them to explore careers in the sports industry outside of playing a sport. They interact with sports industry professionals in occupations that impact sports including technical, financial, marketing, legal, performance, analytics, facility management, flooring and more. The program also provides sessions and experiences that prepare interns to make important life and teach professional skills. It includes field trips and interactive workshops and provides free resources and keepsakes that will provide a reference for young men as they make lifestyle choices and encounter life challenges. Youth attending are assigned to the program through the MPLOY summer youth program of Memphis which provides their stipend.

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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 (2019)

Revenue Breakdown

Contributions & Grants $188,375

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $188,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,105

Fundraising Expenses $10,063

Program Expenses $76,791

Other Expenses $66,290

TOTAL EXPENSES $160,395

Year-over-Year Comparison

	2019	2018	Change
Revenue	$188,375	$171,474	+0.1%
Expenses	$160,395	$219,248	-0.3%
Net Income	$27,980	$-47,774	-1.6%

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

N/A

Volunteers

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUQUE ARGAW	SECRETARY	0	Director	$0	$0	$0
CHARLES BLATTEIS	DIRECTOR	0	Director	$0	$0	$0
Muriel Hepburn	DIRECTOR	0	Director	$0	$0	$0
DAN CONNELLY	DIRECTOR	0	Director	$0	$0	$0
MICHAEL OGBEBOR	CHAIRMAN	0	Director	$0	$0	$0
JUDITH MOORE	PRESIDENT	40	Officer	$84,000	$0	$84,000
TARIK BLACK	CEO	0	Officer	$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
2019	$188,375	$160,395	$118,143	$27,980
2018	$171,474	$219,248	$120,630	$-47,774