TRUARTSPEAKS

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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

2018

Legal Domicile

Principal Officer

LATISHA JONES

Phone

6514198850

Tax Period

2024-01-01 to 2024-12-31

TRUARTSPEAKS, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $320K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $49K, a strong 15% operating margin.

Mission

TO CULTIVATE LITERACY, LEADERSHIP, AND SOCIAL JUSTICE THROUGH THE STUDY & APPLICATION OF SPOKEN WORD AND HIP HOP CULTURE.

Program Service Accomplishments

Program 1

Expenses: $82,970 Revenue: $5,112

ARTS EXHIBITION AND PROGRAMMING:CULTURAL ART PERFORMANCES AND EXHIBITION OPPORTUNITIES FOR ARTISTS, PARTICIPANTS AND COMMUNITY MEMBERS.

Program 2

Expenses: $59,871 Revenue: $7,048

PROFESSIONAL DEVELOPMENT:IT TAKES A VILLAGE AND KNOWLEDGE BENEFITS US ALL WHEN WE SHARE IT TOWARDS THE COLLECTIVE GOOD. AT TRUARTSPEAKS WE BELIEVE THAT EVERY YOUNG PERSON, EMERGING ARTIST, AND...

PROFESSIONAL DEVELOPMENT:IT TAKES A VILLAGE AND KNOWLEDGE BENEFITS US ALL WHEN WE SHARE IT TOWARDS THE COLLECTIVE GOOD. AT TRUARTSPEAKS WE BELIEVE THAT EVERY YOUNG PERSON, EMERGING ARTIST, AND INSPIRING LEADER CAN BENEFIT FROM LEARNING THE BEST, LATEST, AND TRIED AND TRUE CULTURAL & ART PRACTICES.WITH AN EXTENSIVE HISTORY OF TRAINING EDUCATORS (K-COLLEGIATE, PUBLIC AND PRIVATE SECTOR, COMMUNITY EDUCATORS, ETC), ARTISTS, AND CULTURE WORKERS, TRUARTSPEAKS OFFERS ONE ON ONE CONSULTATIONS IN A VARIETY OF AREAS, WORKSHOPS, SHORT AND LONG TERM RESIDENCIES, AND MORE.WE HAVE EXPERIENCE IN CURRICULUM DEVELOPMENT, WE HAVE OUR OWN SPECIFIC CURRICULUM ROOTED IN SPOKEN WORD & HIP HOP PEDAGOGY, A YEAR-LONG CURRICULUM ROOTED IN THE BLACK LITERARY TRADITION, HIP HOP SONGWRITING & MUSIC PRODUCTION, AND MORE."

Program 3

Expenses: $32,849 Revenue: $2,151

HIP HOP EDUCATION:TRUARTSPEAKS HAS A ROBUST LIST OF TEACHING ARTISTS IN OUR NETWORK, EACH REPRESENTATIVE OF SOME ELEMENT OR ASPECT OF SPOKEN WORD AND HIP HOP CULTURE, AND BEYOND.OUR CREW IS ROOTED...

HIP HOP EDUCATION:TRUARTSPEAKS HAS A ROBUST LIST OF TEACHING ARTISTS IN OUR NETWORK, EACH REPRESENTATIVE OF SOME ELEMENT OR ASPECT OF SPOKEN WORD AND HIP HOP CULTURE, AND BEYOND.OUR CREW IS ROOTED AND TRAINED IN THE PILLARS OF OUR PEDAGOGICAL PRACTICE, ENGAGING IN ONGOING AND REGULAR DEVELOPMENT OPPORTUNITIES TO ENSURE THAT THEY ARE CONSTANTLY ENHANCING THEIR CRAFT ALONG WITH THEIR ABILITY TO FACILITATE THE SAFEST SPACE POSSIBLE FOR LEARNERS AT ALL STAGES, OF ALL AGES, AND MAKE-UPS.WE BELIEVE IN HIP HOP AS A TOOL FOR PERSONAL AND SOCIAL TRANSFORMATION, NEVER TEACHING ART FOR ART'S SAKE, ALWAYS STAYING TRUE TO THE CULTURE, AND HOPING TO BE A PART OF ONE'S EVER-GROWING KNOWLEDGE OF SELF THROUGH ART PRACTICE.

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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 $305,979

Program Service Revenue $14,311

Investment Income $105

Other Revenue $0

TOTAL REVENUE $320,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,139

Fundraising Expenses $3,298

Program Expenses $175,690

Other Expenses $137,783

TOTAL EXPENSES $270,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,395	$401,882	-0.2%
Expenses	$270,922	$270,107	+0.0%
Net Income	$49,473	$131,775	-0.6%

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

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

$100,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY GALLOWAY	CHAIR	1.00	Officer Director	$0	$0	$0
ARLETA LITTLE	TREASURER THROUGH SEPT	1.00	Officer Director	$0	$0	$0
DANEZ SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM HOWES	SECRETARY	1.00	Officer Director	$0	$0	$0
LATISHA JONES	EXECUTIVE DIRECTOR	40.00	Officer	$96,425	$4,109	$100,534

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
2025	No data	No data	No data	No data
2024	$320,395	$270,922	$220,702	$49,473
2023	$401,882	$270,107	$189,486	$131,775
2022	$244,942	$234,371	$56,759	$10,571