KORRECTING OUR OWN LIVES

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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

Legal Domicile

Tax Period

2024-08-01 to 2025-07-31

KORRECTING OUR OWN LIVES is a small nonprofit in the Human Services sector that reported $498K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $479K left a modest 4% surplus.

Mission

To provide violence prevention services youth development programs and case management and supportive resources that promote saftey stability and long term growth

Program Service Accomplishments

Program 1

Expenses: $479,197

The organization purpose is to provide violence prevention services youth development case management and supportive resources that promote safety stability and long term 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 $497,609

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $497,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,922

Fundraising Expenses $0

Program Expenses $479,197

Other Expenses $86,275

TOTAL EXPENSES $479,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$497,609	$885,252	-0.4%
Expenses	$479,197	$893,361	-0.5%
Net Income	$18,412	$-8,109	-3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yolanda McDavid	President	2	Officer Director	$0	$0	$0
Barnea Hill	Treasurer	2	Officer Director	$0	$0	$0
Janice Vaughn	Secretary	2	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
2025	$497,609	$479,197	$113,692	$18,412
2024	$885,252	$893,361	$185,574	$-8,109