THE PAID IN FULL FOUNDATION (EIN 881168893) - 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

2022

Legal Domicile

Principal Officer

FELICIA HOROWITZ

Phone

6508458100

Tax Period

2024-01-01 to 2024-12-31

THE PAID IN FULL FOUNDATION, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 34% operating deficit.

Mission

SUPPORT OF HIP HOP MUSIC AND MUSIC EDUCATION.

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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 $3,113,337

Program Service Revenue $197,682

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,311,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,040

Fundraising Expenses $11,823

Program Expenses $4,184,770

Other Expenses $4,403,718

TOTAL EXPENSES $4,420,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,311,019	$1,151,134	+1.9%
Expenses	$4,420,758	$2,142,056	+1.1%
Net Income	$-1,109,739	$-990,922	+0.1%

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

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

$17,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELICIA HOROWTIZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
BENJAMIN HOROWITZ	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN STOUTE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE EBANKS	DIRECTOR	1.00	Director	$0	$0	$0
QUINCY JONES III	DIRECTOR	1.00	Director	$17,040	$0	$17,040

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	$3,311,019	$4,420,758	$2,536,670	$-1,109,739
2023	$1,151,134	$2,142,056	$3,703,974	$-990,922
2022	$4,715,281	$77,950	$4,637,331	$4,637,331

THE PAID IN FULL FOUNDATION