The Achievement Trust Foundation

EIN: 953726393 501(c)(3)

Los Angeles, CA

Total Revenue
$129,850
Total Expenses
$129,247
Total Assets
$341,651
Net Assets
$273,233
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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
1982
Legal Domicile
CA
Principal Officer
Sonya Lockett
Phone
2133692478
Tax Period
2023-06-01 to 2024-05-31

The Achievement Trust Foundation, founded in 1982, is a small nonprofit that reported $130K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $273K represent 25 months of operating reserves.

Mission

Provide mentorship, scholarships and grants to African American high school students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,075
Program Service Revenue $69,650
Investment Income $0
Other Revenue $52,125
TOTAL REVENUE $129,850

Expense Breakdown

Grants Paid $95,950
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,535
Other Expenses $33,297
TOTAL EXPENSES $129,247

Year-over-Year Comparison

2023 2022 Change
Revenue $129,850 $155,196 -0.2%
Expenses $129,247 $125,562 +0.0%
Net Income $603 $29,634 -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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
44

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sonya Lockett President 0.00
Officer
$0 $0 $0
Cheryl Bingham Treasurer 0.00
Officer
$0 $0 $0
Keisha Moton Trustee 0.00
Officer
$0 $0 $0
Cheryl Chisolm Secretary 0.00
Officer
$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 $129,850 $129,247 $341,651 $603
2023 $155,196 $125,562 $277,843 $29,634
2023 $155,196 $125,562 $277,843 $29,634
2022 $209,681 $142,412 $307,883 $67,269
2022 $209,681 $142,412 $307,883 $67,269
2021 $153,732 $177,118 $240,614 $-23,386
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