TRINITY BOSTON CONNECTS INC (EIN 042736718) - 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

1981

Legal Domicile

Principal Officer

CHARMANE HIGGINS

Phone

6178000759

Tax Period

2023-01-01 to 2023-12-31

TRINITY BOSTON CONNECTS INC, founded in 1981, is a community nonprofit in the Youth Development sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 51% operating deficit.

Mission

TRINITY BOSTON CONNECTS, INC. CREATES SAFE AND SUPPORTIVE COMMUNITIES THAT INSPIRE BOSTON'S YOUTH OF COLOR TO DISCOVER THEIR VOICE AND ACHIEVE THEIR GOALS. WE WORK AT THE INDIVIDUAL AND SYSTEMIC LEVELS TO 1) PROVIDE DIRECT SERVICES TO YOUTH OF COLOR WHO ARE AFFECTED BY SYSTEMIC RACISM AND POVERTY, AND 2) EFFECT CULTURAL CHANGES IN THE SYSTEMS AND ORGANIZATIONS IMPACTING YOUTH LIVES TO PREVENT CONTINUED TRAUMA AND UNDO SYSTEMIC RACISM. THIS MULTILEVELED APPROACH HAS THE POWER TO CHANGE THE ODDS AND UNLOCK OPPORTUNITY FOR ALL YOUTH.

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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 $2,207,123

Program Service Revenue $32,355

Investment Income $12,191

Other Revenue $-72,098

TOTAL REVENUE $2,179,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,510,534

Fundraising Expenses $470,456

Program Expenses $2,161,473

Other Expenses $784,006

TOTAL EXPENSES $3,294,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,179,571	$2,952,526	-0.3%
Expenses	$3,294,540	$3,053,250	+0.1%
Net Income	$-1,114,969	$-100,724	+10.1%

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

160

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

$196,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER SMART	CHAIR	5.00	Officer Director	$0	$0	$0
DEBBIE JOHNSON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
SHANUAH BEAMON	CLERK	5.00	Officer Director	$0	$0	$0
OLAF THORP	TREASURER	5.00	Officer Director	$0	$0	$0
MATT DIVER	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
MORGAN ALLEN	RECTOR, TRINITY CHURCH	5.00	Director	$0	$0	$0
PAMELA WATERMAN	VESTRY LIAISON	5.00	Director	$0	$0	$0
ADRIAN WALKER	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES GEORGE	DIRECTOR	5.00	Director	$0	$0	$0
DAVE DONELAN	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH SMITH	DIRECTOR	5.00	Director	$0	$0	$0
MONIQUE VEALE	DIRECTOR (UNTIL 3/23)	5.00	Director	$0	$0	$0
PIPIER SMITH-MUMFORD	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER PARRIS	DIRECTOR (UNTIL 3/23)	5.00	Director	$0	$0	$0
DAVID ALDIRCH	DIRECTOR	5.00	Director	$0	$0	$0
ERIC ARCESE	DIRECTOR	5.00	Director	$0	$0	$0
SHELBY CABRAL-SMITHER	DIRECTOR	5.00	Director	$0	$0	$0
YULLY CHA	DIRECTOR	5.00	Director	$0	$0	$0
MARGRET COOKE	DIRECTOR (AS OF 5/23)	5.00	Director	$0	$0	$0
CELIA MERCER	DIRECTOR (AS OF 5/23)	5.00	Director	$0	$0	$0
JILL NORTON	DIRECTOR	5.00	Director	$0	$0	$0
DAN ROSS	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS TYRELL	DIRECTOR (AS OF 9/23)	5.00	Director	$0	$0	$0
CHARMANE HIGGINS	EXECUTIVE DIRECTOR	40.00	Officer	$165,463	$30,634	$196,097
SHEILA PETERSON	CHIEF DEV. AND COMM. OFFICER	40.00	Highest	$125,890	$52,697	$178,587

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	$2,179,571	$3,294,540	$3,432,103	$-1,114,969
2022	$2,952,526	$3,053,250	$4,047,902	$-100,724
2021	$3,567,141	$2,885,365	$4,581,489	$681,776
2020	$2,883,300	$2,943,778	$3,560,627	$-60,478
2019	$3,279,354	$2,956,322	$3,394,627	$323,032

TRINITY BOSTON CONNECTS INC