ONE LOVE - THE POWER OF MUSIC INITIATIVE

EIN: 994150643 501(c)(3) Arts, Culture & Humanities

GRAND PRAIRIE, TX

Total Revenue
$8,758
Total Expenses
$11,352
Total Assets
$5,942
Net Assets
$-2,594
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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
TX
Principal Officer
KHANTINETA FORD
Phone
6823308514
Tax Period
2024-01-01 to 2024-12-31

ONE LOVE - THE POWER OF MUSIC INITIATIVE, founded in 2024, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $9K in total revenue in fiscal year 2024. Expenses of $11K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO UPLIFT THE COMMUNITY THROUGH CHARITABLE AND EDUCATIONAL EVENTS, ACTIVITIES AND SERVICE WITH AN EMPHASIS ON MENTORING, RAISING AWARENESS AND ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $11,352

TO UPLIFT THE COMMUNITY THROUGH CHARITABLE AND EDUCATIONAL EVENTS, ACTIVITIES AND SERVICE WITH AN EMPHASIS ON MENTORING, RAISING AWARENESS AND ADVOCACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,758
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,352
Other Expenses $11,352
TOTAL EXPENSES $11,352

Year-over-Year Comparison

2024 2023 Change
Revenue $8,758 N/A N/A
Expenses $11,352 N/A N/A
Net Income $-2,594 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
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHANTINETA FORD DIRECTOR/TREASURER 002.00
Officer Director
$0 $0 $0
RYAN FORD DIRECTOR 002.00
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
2024 $8,758 $11,352 $5,942 $-2,594
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