THE TULSA INITIATIVE INC

EIN: 843179013 501(c)(3) Human Services

Chevy Chase, MD

Total Revenue
$71,297
Total Expenses
$52,306
Total Assets
$39,003
Net Assets
$39,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MD
Principal Officer
Qu'Derrick R Covington
Phone
2027046661
Tax Period
2021-01-01 to 2021-12-31

THE TULSA INITIATIVE INC, founded in 2019, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2021. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 27% operating margin.

Mission

Our mission is to introduce entrepreneurs to positive role models, to develop intellect, and to build positive attitudes and a healthy mindset. We believe that through this initiative, entrepreneurial leaders will emerge and make a significant positive impact 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $61,547
Program Service Revenue $9,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $71,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,424
Fundraising Expenses $0
Program Expenses $31,340
Other Expenses $43,882
TOTAL EXPENSES $52,306

Year-over-Year Comparison

2021 2020 Change
Revenue $71,297 $24,409 +1.9%
Expenses $52,306 $14,055 +2.7%
Net Income $18,991 $10,354 +0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
2
$7,738
Total Directors
9
$7,738
Key Employees
4
$8,424
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Qu'Derrick Covington Executive Director/President CEO 25
Officer Director Key Emp
$5,713 $0 $5,713
Manuel Fleming II Chief Operating Officer/Vice President 25
Officer Director Key Emp
$2,025 $0 $2,025
Ocie Stroud-Melvin Assistant Executive Director/Chief Administrative Officer 25
Key Emp
$343 $0 $343
Kofi Martin Bannerman Jr Chief Financial Officer 20
Key Emp
$343 $0 $343
Darren Douthitt Chairman 2
Director
$0 $0 $0
Thomas Gaines Vice Chair 2
Director
$0 $0 $0
Gregory Carson II Board of Directors 2
Director
$0 $0 $0
Maddison Glenn Board of Directors 2
Director
$0 $0 $0
Miranda Monroe Board of Directors 2
Director
$0 $0 $0
ReAzalia Allen Board of Directors 2
Director
$0 $0 $0
Brenton Logan Board of Directors 2
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
2021 $71,297 $52,306 $39,003 $18,991
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