YOUR PASSION 1ST

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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

2019

Legal Domicile

Principal Officer

CHRISTOPHER THOMAS

Tax Period

2023-01-01 to 2023-12-31

YOUR PASSION 1ST, founded in 2019, is a small nonprofit in the Youth Development sector that reported $281K in total revenue in fiscal year 2023. Expenses of $264K left a modest 6% surplus.

Mission

Inspire under resourced young adults to overcome adversity and empouer them to leverage their passion through mentoring, partner events, festivals, excursions, and innovative workshops.

Program Service Accomplishments

Program 1

Expenses: $147,133 Revenue: $218,257

Ambassador Program focused on inspiring over 500 young adults to follow their passion into the workforce through mentoring, coaching, & community involvement.

Program 2

Expenses: $31,254 Revenue: $50,018

Youth Empowerment Music Festival- Coached (1 on 1) 39 young adults through entrepreneurship program. 26 were able to start their journey of making their passion a career

Program 3

Expenses: $3,881

Community Impact: Back to School, Wellness (over 600attendees),& food giveaway festivals, impacting over 960 families

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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 $268,275

Program Service Revenue $0

Investment Income $0

Other Revenue $12,630

TOTAL REVENUE $280,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,606

Fundraising Expenses $0

Program Expenses $182,268

Other Expenses $197,083

TOTAL EXPENSES $263,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,905	N/A	N/A
Expenses	$263,689	N/A	N/A
Net Income	$17,216	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER THOMAS	OFFICER	40.00	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	No data	No data	No data	No data
2023	$280,905	$263,689	$25,597	$17,216