TREASURES 4 TEACHERS INC

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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

2002

Legal Domicile

Principal Officer

KAMI GALVANI

Phone

4807511122

Tax Period

2023-01-01 to 2023-12-31

TREASURES 4 TEACHERS INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FREE AND LOW-COST SUPPLIES TO EDUCATORS THROUGH THE COMMUNITY'S REUSABLE RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $665,181 Revenue: $13,118

TREASURES 4 TEACHERS (T4T) IS A MEMBER-BASED ORGANIZATION PROVIDING LOW-COST SCHOOL SUPPLIES TO EDUCATORS FROM LOCATIONS IN TEMPE AND PHOENIX, AZ. T4T COLLECTS SUPPLIES AND MATERIALS FROM DONATIONS IN THE LOCAL COMMUNITY AND REDISTRIBUTES THEM TO OVER 4500 TEACHERS, THEIR STUDENTS, AND THE COMMUNITY. T4T MEMBERS HAVE ACCESS TO MATERIALS, RESOURCES, AND TRAINING THAT ENHANCE AND EXPAND THE LEARNING PROCESS IN THEIR CLASSROOMS.T4T ON WHEELS, TREASURES 4 TEACHERS' MOBILE PROGRAM, DELIVERS SCHOOL SUPPLIES TO TEACHERS AND STUDENTS AT TITLE 1 SCHOOLS. THE PROGRAM TAKES CLASSROOM MATERIALS AND RESOURCES DIRECTLY TO TEACHERS AT THEIR SCHOOLS FOR FREE, ELIMINATING ANY ROADBLOCKS TO ACQUIRING SUPPLIES FOR THEIR STUDENTS. IN 2023, 1,200 TEACHERS AND 36,000 (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 2) STUDENTS RECEIVED EDUCATION SUPPLIES, WHICH HELPED THEM PROVIDE MORE EQUITABLE LEARNING ENVIRONMENTS.

Program 2

Expenses: $582,152

TREASURES 4 TEACHERS IS AN AFFILIATE OF THE KIDS IN NEED FOUNDATION (KINF) WHERE WE ARE PROVIDED WITH BRAND NEW SCHOOL SUPPLIES TO GIVE AWAY TO TEACHERS ABSOLUTELY FREE. THESE ITEMS INCLUDE SCHOOL...

TREASURES 4 TEACHERS IS AN AFFILIATE OF THE KIDS IN NEED FOUNDATION (KINF) WHERE WE ARE PROVIDED WITH BRAND NEW SCHOOL SUPPLIES TO GIVE AWAY TO TEACHERS ABSOLUTELY FREE. THESE ITEMS INCLUDE SCHOOL AND OFFICE SUPPLIES, CRAFT MATERIALS, DISINFECTING SUPPLIES AND BOOKS. IN ADDITION, IN 2023 WE FACILITATED THE TRANSFER OF $725,760 IN DISINFECTING SUPPLIES DIRECTLY FROM KINF TO VARIOUS SCHOOLS. THESE DONATIONS WERE TREATED AS A PASS-THROUGH ACTIVITY AND ARE NOT REFLECTED IN THE REVENUES AND EXPENSES REPORTED ON THIS RETURN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,691,083

Program Service Revenue $5,666

Investment Income $3

Other Revenue $7,452

TOTAL REVENUE $1,704,204

Expense Breakdown

Grants Paid $608,433

Salaries & Benefits $847,361

Fundraising Expenses $484,711

Program Expenses $1,247,333

Other Expenses $446,365

TOTAL EXPENSES $1,902,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,204	$5,718,877	-0.7%
Expenses	$1,902,159	$5,802,994	-0.7%
Net Income	$-197,955	$-84,117	+1.4%

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

157

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

$168,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BLALOCK	EXECUTIVE DIRECTOR	40.00	Officer	$109,211	$0	$109,211
POONAM RATHI	INTERIM EXEC DIR SINCE 12-2023	40.00	Officer	$44,106	$2,050	$46,156
SUE DIAZ	ACCOUNTANT UNTIL 6-2023	12.00	Officer	$13,200	$0	$13,200
JOHN KELLY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN NOWICKI	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
XAVIER GONZALEZ	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA GRUWELL	DIRECTOR	2.00	Director	$0	$0	$0
BRETT BEITZEL	DIRECTOR SINCE 6-2023	2.00	Director	$0	$0	$0
GIBBONS SAINT PAUL	DIRECTOR SINCE 7-2023	2.00	Director	$0	$0	$0
KELLY GREENE	DIRECTOR UNTIL 4-2023	2.00	Director	$0	$0	$0
SCOTT ARCHIBALD	DIRECTOR UNTIL 10-2023	2.00	Director	$0	$0	$0
KAMI GALVANI	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS JANICK	SECRETARY UNTIL 6-2023	2.00	Officer Director	$0	$0	$0
DAVID SMITH	DIRECTOR THEN TREASURER AT 9-2023	2.00	Officer Director	$0	$0	$0
ALLEN NELSON	TREASURER UNTIL 8-2023	2.00	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	No data	No data	No data	No data
2023	$1,704,204	$1,902,159	$1,768,958	$-197,955
2022	$5,718,877	$5,802,994	$949,489	$-84,117
2021	$6,117,568	$5,986,801	$906,225	$130,767
2020	$2,282,198	$2,193,286	$909,214	$88,912
2019	$951,901	$971,615	$664,012	$-19,714
2018	$1,018,919	$936,861	$681,332	$82,058