Diamond Beauty Academy

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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

2024

Legal Domicile

Principal Officer

Danielle McLane

Phone

6109204644

Tax Period

2025-01-01 to 2025-12-31

Diamond Beauty Academy, founded in 2024, is a small nonprofit in the Education sector that reported $218K in total revenue in fiscal year 2025. Revenue surged 527% from the prior year, signaling strong growth momentum.

Mission

To empower and equip young individuals with the knowledge skills and confidence to succeed in the beauty industry and beyond.

Program Service Accomplishments

Program 1

Expenses: $153,998 Revenue: $154,000

Diamond Beauty Academys Beauty Builds Resilience program is a 12-week trauma-informed initiative serving youth and young adults aged 14-24 from under-resourced and violence-impacted Philadelphia...

Diamond Beauty Academys Beauty Builds Resilience program is a 12-week trauma-informed initiative serving youth and young adults aged 14-24 from under-resourced and violence-impacted Philadelphia communities. The program integrates cosmetic science education mental wellness practices conflict resolution and social-emotional learning to promote healing resilience and nonviolent problem-solving. During the reporting year participants engaged in hands-on product formulation labs mindfulness exercises peer support circles and life skills workshops. Youth demonstrated increased self-confidence improved emotional regulation and strengthened communication skills. The program provided positive alternatives to violence while supporting mental wellness leadership development and workforce readiness through culturally responsive healing-centered education.

Program 2

Expenses: $20,003 Revenue: $20,000

The STEM to Skin program introduces youth and young adults to cosmetic chemistry and STEM education through beauty as an accessible entry point. Particip ants learn ingredient literacy lab safety...

The STEM to Skin program introduces youth and young adults to cosmetic chemistry and STEM education through beauty as an accessible entry point. Particip ants learn ingredient literacy lab safety formulation science and product development exploring career pathways in science manufacturing and the beauty industry. During the reporting year participants completed hands-on STEM labs and product development activities enhancing technical skills problem-solving abilities and interest in STEM careers. The program broadened STEM education access enhanced workforce-relevant competencies and promoted long-term economic mobility for underrepresented participants in science fields.

Program 3

Expenses: $43,499 Revenue: $43,500

Formula to Fame is an entrepreneurship and workforce readiness program that supports youth in developing beauty-related business concepts and professional skills. Participants received instruction in branding budgeting financial literacy marketing and pitch development while exploring pathways in small business ownership and employment within the beauty and retail industries. During the reporting year participants developed business concepts practiced professional presentation skills and increased financial awareness and workplace readiness. The program strengthened leadership capacity entrepreneurial thinking and economic self-sufficiency while preparing youth for sustainable career and income opportunities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $217,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $217,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,500

Other Expenses $217,500

TOTAL EXPENSES $217,500

Year-over-Year Comparison

	2025	2024	Change
Revenue	$217,500	$34,679	+5.3%
Expenses	$217,500	N/A	N/A
Net Income	$0	$34,679	-1.0%

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

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
Danielle McLane	President	40.00	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	$217,500	$217,500	$18,026	No data