UTOPIA BEGINNINGS (EIN 830594380) - 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

2020

Legal Domicile

Principal Officer

GEORGE ANDERSON III

Phone

9375163811

Tax Period

2024-01-01 to 2024-12-31

UTOPIA BEGINNINGS, founded in 2020, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 4% surplus.

Mission

UTOPIA BEGINNINGS LLC PROVIDE ADOLESCENT YOUNG MEN ASSISTANCE WITH DEVELOPING SOCIALLY ACCEPTABLE BEHAVIOR WITH THE OPPORTUNITY TO BECOME SELF-SUFFICIENT, SELF-DISCIPLINED AND SELF-RELIANT IN ORDER FOR THEM TO BECOME PRODUCTIVE AND RESPONSIBLE CITIZENS IN THE COMMUNITY.

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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 $0

Program Service Revenue $1,953,985

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,953,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $951,888

Fundraising Expenses $0

Program Expenses $1,566,403

Other Expenses $932,955

TOTAL EXPENSES $1,884,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,953,985	$1,454,165	+0.3%
Expenses	$1,884,843	$1,625,104	+0.2%
Net Income	$69,142	$-170,939	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ANDERSON III	EXECUTIVE DI	40.00		$145,000	$0	$145,000
KURT JACKSON	TRUSTEE	N/A	Director	$0	$0	$0
MARCUS NORVELL	TRUSTEE	N/A	Director	$0	$0	$0
IRVIN MCDONALD	ADMINISTRATO	10.00	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
2024	$1,953,985	$1,884,843	$288,009	$69,142
2023	$1,454,165	$1,625,104	$345,368	$-170,939
2022	$1,344,374	$1,141,557	$429,791	$202,817
2021	$995,530	$909,487	$183,482	$86,043
2020	$614,107	$631,308	$126,746	$-17,201

UTOPIA BEGINNINGS