318 FOUNDATION INC (EIN 861321791) - 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

ALANA BEARD

Phone

2024689384

Tax Period

2024-01-01 to 2024-12-31

318 FOUNDATION INC, founded in 2020, is a small nonprofit in the Youth Development sector that reported $214K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 101% operating deficit.

Mission

THE 318 FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION FOCUSED ON EMPOWERING BLACK GIRLS AND MARGINALIZED COMMUNITIES THROUGH MENTORSHIP, IMMERSIVE EXPERIENCES, AND SPORTS. OUR PROGRAMS FOCUS ON LEADERSHIP DEVELOPMENT, ACADEMIC ENRICHMENT, AND ELITE SPORTS TRAINING. PARTNERING WITH LOCAL SCHOOLS/UNIVERSITIES, ESPECIALLY HBCUS, WE OFFER MENTORSHIP, TRIPS, CAREER EXPOSURE, AND COLLEGE TOURS THROUGH 318 VISION/ACTION. THROUGH 318 SPORTS, WE PROVIDE LEADERSHIP DEVELOPMENT. OUR GOAL IS TO SUPPORT GIRLS' INTELLECTUAL CURIOSITY AND PERSONAL GROWTH.

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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 $209,777

Program Service Revenue $0

Investment Income $4,210

Other Revenue $0

TOTAL REVENUE $213,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,592

Fundraising Expenses $27,637

Program Expenses $313,416

Other Expenses $240,505

TOTAL EXPENSES $430,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,987	$521,698	-0.6%
Expenses	$430,097	$234,291	+0.8%
Net Income	$-216,110	$287,407	-1.8%

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

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

$85,000

Total Directors

$85,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALANA BEARD	PRESIDENT &	40.00	Officer Director	$85,000	$0	$85,000
JOE DUMARS	DIRECTOR	0.25	Director	$0	$0	$0
KATY HOLLISTER	CHAIRMAN	0.25	Director	$0	$0	$0
BRENDA JIMINEZ-PERALTA	DIRECTOR	0.25	Director	$0	$0	$0
STEVE MILLER	CHAIRMAN	1.00	Director	$0	$0	$0
KETSIA COLIMON STRODER	DIRECTOR	0.25	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
2025	No data	No data	No data	No data
2024	$213,987	$430,097	$130,515	$-216,110
2023	$521,698	$234,291	$343,971	$287,407

318 FOUNDATION INC