VIRGIL ABLOH FOUNDATION (EIN 882495014) - 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

SHANNON ABLOH

Phone

2123078000

Tax Period

2024-01-01 to 2024-12-31

VIRGIL ABLOH FOUNDATION, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $226K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 651% operating deficit.

Mission

THE FOUNDATION WAS CREATED WITH A MISSION TO OPEN DOORS, BREAK BARRIERS, AND BUILD A MORE EQUITABLE AND INCLUSIVE INDUSTRY FOR DIVERSE YOUTH AND CULTURAL LEADERS IN PURSUIT OF A LIMITLESS CREATIVE FUTURE.

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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 $15,001

Program Service Revenue $0

Investment Income $210,539

Other Revenue $0

TOTAL REVENUE $225,540

Expense Breakdown

Grants Paid $145,175

Salaries & Benefits $57,375

Fundraising Expenses $926,674

Program Expenses $308,288

Other Expenses $1,490,454

TOTAL EXPENSES $1,693,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,540	$912,443	-0.8%
Expenses	$1,693,004	$937,110	+0.8%
Net Income	$-1,467,464	$-24,667	+58.5%

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

$4,250

Total Directors

$4,250

Key Employees

$53,125

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA LOATMAN	EXECUTIVE DIRECTOR	40.0	Key Emp	$53,125	$0	$53,125
SHANNON ABLOH	PRESIDENT	5.0	Officer Director	$4,250	$0	$4,250
ANTON PAMER	DIRECTOR, TREASURER	1.0	Director	$0	$0	$0
HOWARD FELLER	DIRECTOR, SECRETARY	1.0	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
2024	$225,540	$1,693,004	$3,449,524	$-1,467,464

VIRGIL ABLOH FOUNDATION