SAFTEY CORNER FOUNDATION

EIN: 873192826 501(c)(3) Youth Development

Charlotte, NC

Total Revenue
$356,421
Total Expenses
$279,472
Total Assets
$76,949
Net Assets
$76,949
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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
CA
Tax Period
2022-01-01 to 2022-12-31

SAFTEY CORNER FOUNDATION, founded in 2021, is a small nonprofit in the Youth Development sector that reported $356K in total revenue in fiscal year 2022. The organization ran a surplus of $77K, a strong 22% operating margin.

Mission

Inspire, equip and to empower by providing resources, tools and guidance to those affected in underserved communities for academic and life success.

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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 (2022)

Revenue Breakdown

Contributions & Grants $356,421
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $356,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $126,267
Program Expenses $110,700
Other Expenses $279,472
TOTAL EXPENSES $279,472

Year-over-Year Comparison

2022 2021 Change
Revenue $356,421 N/A N/A
Expenses $279,472 N/A N/A
Net Income $76,949 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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MULUGHATA DIRECTOR 0.00
Officer Director
$0 $0 $0
JALEN RAMSEY DIRECTOR 0.00
Officer Director
$0 $0 $0
DERWIN JAMES DIRECTOR 0.00
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
2022 $356,421 $279,472 $76,949 $76,949
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