COOLXDAD INC (EIN 862941115) - 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

KEVIN BARNETT

Phone

8328821792

Tax Period

2024-03-01 to 2025-02-28

COOLXDAD INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $272K in total revenue in fiscal year 2024. Expenses of $239K left a modest 12% surplus.

Mission

COOLXDAD'S MISSION IS TO AID AND UPLIFT ALL FATHERS OF COLOR STRIVING TO BUILD A BETTER WORLD FOR THEIR CHILDREN AND SERVE THEIR COMMUNITIES. ERADICATION OF NEGATIVE STIGMAS SUROUNDING FATHERS OF COLOR AND THEIR CHILDREN, THROUGH FELLOWSHIP, ENLIGHTENMENT AND ACTION.

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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 $271,711

Program Service Revenue $0

Investment Income $0

Other Revenue $8

TOTAL REVENUE $271,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,145

Fundraising Expenses $0

Program Expenses $202,768

Other Expenses $213,406

TOTAL EXPENSES $238,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,719	N/A	N/A
Expenses	$238,551	N/A	N/A
Net Income	$33,168	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

N/A

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
SEAN RICHARDS	Chairman	2.00	Director	$0	$0	$0
JOHN DEBERRY	Treasurer	2.00	Director	$0	$0	$0
KEVIN BARNETT	CEO	35.00	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
2025	$271,719	$238,551	$97,252	$33,168
2023	$236,763	$116,612	$133,734	$120,151

COOLXDAD INC