THE TYRA CLUB

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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

1986

Legal Domicile

Phone

4017653635

Tax Period

2024-01-01 to 2024-12-31

THE TYRA CLUB, founded in 1986, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $138K exceeded revenue, resulting in a 17% operating deficit.

Mission

FRATERNAL ORGANIZATION MENS CLUB THAT HELPS THE COMMUNITY OF WOONSOCKET.

Program Service Accomplishments

Program 1

PROVIDE LIFE INSURANCE FOR MEMBERSHIP, SENDING FLOWERS TO PEOPLE WHO ARE ILL, PAY MISCELLANEOUS MEDICAL BILLS AND OTHER COMMUNITY ORGANIZATION.

Program 2

PROVIDE SOCIAL AND EDUCATION FUNDCTION FOR MEMEBERSHIP MAINTAIN THE BUILDING FOR USE OF THE COMMUNITY EVANTS AND MEMBERSHIP EVANTS.

Program 3

SPONSOR VARIOUS YOUTH ACTIVIES, SPORT TEAMS AND SPORT LEAGUES. GRANTS AND SCHOLARSHIP DONATIONS TO YOUTH AND COLLEGE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,738

Program Service Revenue $49,650

Investment Income $9,940

Other Revenue $56,697

TOTAL REVENUE $118,025

Expense Breakdown

Grants Paid $5,155

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $133,230

TOTAL EXPENSES $138,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,025	$101,811	+0.2%
Expenses	$138,385	$105,655	+0.3%
Net Income	$-20,360	$-3,844	+4.3%

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

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
JAMES G WASHINGTON	PRESIDENT	20.00	Officer	$0	$0	$0
TYRON BELL	VIC PRESIDENT	15.00	Officer	$0	$0	$0
CHRISTOPHER GRAY	SECRETARY	10.00	Officer	$0	$0	$0
BYRON MELTON	TREASURER	15.00	Officer	$0	$0	$0
STANLEY EASON	DIRECTOR	15.00	Officer	$0	$0	$0
RICKY DAWKINS	DIRECTOR	15.00	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	$118,025	$138,385	$528,553	$-20,360
2023	$101,811	$105,655	$537,172	$-3,844
2022	$100,822	$94,488	$539,262	$6,334
2021	$93,398	$107,060	$536,595	$-13,662
2020	$73,089	$79,077	$550,975	$-5,988
2019	$77,971	$77,537	$553,586	$434