Friends of True Square Foundation (EIN 861500598) - 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

2021

Legal Domicile

Principal Officer

Antonio Mayo

Tax Period

2024-01-01 to 2024-12-31

Friends of True Square Foundation, founded in 2021, is a small nonprofit in the Education sector that reported $248K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $283K exceeded revenue, resulting in a 14% operating deficit.

Mission

Our mission is to support the community where we operate, and provide scholarships to individuals in that community. We have begun a youth mentoring program and are obtaining grants for additonal programs.

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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 $247,640

Investment Income $2

Other Revenue $0

TOTAL REVENUE $247,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,423

Other Expenses $283,119

TOTAL EXPENSES $283,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,642	$268,972	-0.1%
Expenses	$283,119	$232,133	+0.2%
Net Income	$-35,477	$36,839	-2.0%

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

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
Antonio Mayo	Board President	002.00	Officer	$0	$0	$0
Todd Coleman	Board Vice President	002.00	Officer	$0	$0	$0
Fred Gray	Board Secretary	002.00	Officer	$0	$0	$0
Rodney Bates	Board Treasurer	002.00	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	$247,642	$283,119	$153,106	$-35,477
2023	$268,972	$232,133	$188,583	$36,839
2022	$336,169	$211,631	$151,744	$124,538

Friends of True Square Foundation