TRAPHEALSORG

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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

DAMON TURNER

Phone

6788482198

Tax Period

2020-01-01 to 2020-12-31

TRAPHEALSORG, founded in 2019, is a small nonprofit that reported $218K in total revenue in fiscal year 2020. The organization ran a surplus of $48K, a strong 22% operating margin.

Mission

TRAP HEALS.ORG IS AN INCUBATOR AND ACCELERATOR PROGRAM BASED IN SOUTH LA THAT IS FOCUSED ON BUILDING THE WORK AND LIFE SKILLS FOR ECONOMIC LITERACY AND PROFESSIONAL DEVELOPMENT OF CREATIVES AND ARTISTS WHO HAVE BEEN HISTORICALLY DISENFRANCHISED IN ORDER TO PROMOTE COMMUNITY HEALING AND ECONOMIC EQUITY.

Program Service Accomplishments

Program 1

Expenses: $137,520

TRAPHEALS.ORG IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO PROVIDE AND EMPOWER COMMUNITY MEMBERS WITH JOB TRAINING, ENTREPRENEURIAL...

TRAPHEALS.ORG IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO PROVIDE AND EMPOWER COMMUNITY MEMBERS WITH JOB TRAINING, ENTREPRENEURIAL STRUCTURE, HOUSING AND OPPORTUNITIES TO FLOURISH IN THEIR COMMUNITIES PRE-GENTRIFICATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING THE FOLLOWING ACTIVITIES: OUR CURRENT PLANNED ACTIVITIES IS TO PROVIDE JOB TRAINING FOR YOUTH IN THE TRAP HEALS INTERN COHORT THAT LEAD TO CAREERS FOR INTERNS IN THE FOLLOWING AREAS, MUSIC, FASHION, MEDIA, AND PRODUCTION. WE PLAN TO FOSTER AND INCUBATE PEOPLE INTO VIABLE PEOPLE IN THE COMMUNITY THAT ARE EQUIPPED TO TAKE ON CAREERS OR START THEIR OWN BUSINESS. WE ALSO PLANNED TO BE A PASS THROUGH ORGANIZATION THAT FISCALLY SPONSORS LOCAL ARTISTS AND PROGRAMS THAT WANT TO RECEIVE DONOR FUNDS OR RAISE FUNDS FOR THEIR AREA OF WORK. OUR LONG TERM PLAN IS TO POSSIBLY DEVELOP LOW INCOME HOUSING AND YOUTH HOUSING FOR OUR TRAP HEALS INTERNS SO THAT WE CAN ALSO PROVIDE LIFE SKILLS, FINANCIAL MANAGEMENT, AND PROFESSIONAL DEVELOPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $217,556

Program Service Revenue $0

Investment Income $2

Other Revenue $34

TOTAL REVENUE $217,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,000

Program Expenses $137,520

Other Expenses $169,933

TOTAL EXPENSES $169,933

Year-over-Year Comparison

	2020	2019	Change
Revenue	$217,592	N/A	N/A
Expenses	$169,933	N/A	N/A
Net Income	$47,659	$0	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMON TURNER	PRESIDENT/DIRECTOR	10.00	Officer Director	$0	$0	$0
DYANE PASCALL	TREASURER/DIRECTOR	10.00	Officer Director	$0	$0	$0
ALEJANDRA LEMUS	SECRETARY/DIRECTOR	10.00	Officer 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
2020	$217,592	$169,933	$47,659	$47,659