TBAC WIND DOWN LTD (EIN 132906037) - 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

1977

Legal Domicile

Principal Officer

BRAD BOE

Phone

3036627121

Tax Period

2018-08-01 to 2019-02-28

TBAC WIND DOWN LTD, founded in 1977, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2018. Revenue surged 1203% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 94% operating margin.

Mission

THE CREATION AND PERFORMANCE OF AN ANNUAL PRODUCTION WAS ALWAYS THE CENTRAL ACTIVITY FOR THE CIRCUS. THIS PRODUCTION ASSURED THE ORGANIZATION'S ARTISTIC INTEGRITY AND GUIDES THE DEVELOPMENT OF ITS FIVE COMMUNITY OUTREACH PROGRAMS. EACH YEAR, THE CIRCUS USED ITS INTERCULTURAL APPEAL AS THE BASIS FOR OUTREACH TO DIVERSE AUDIENCES, TRANSFORMING THE CIRCUS ACTS INTO A RESOURCE FOR PHYSICALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES. FIVE OUTREACH PROGRAMS, CLOWN CARE, VAUDEVILLE CARAVAN, CIRCUS OF THE SENSES, CIRCUS FOR ALL! AND CIRCUS AFTER SCHOOL, CONTINUED TO BRING THE ARTISTRY OF THE CIRCUS TO SPECIAL AUDIENCES, UNDER THE BIG TOP, AND IN HOSPITALS AND COMMUNITY CENTERS. AS A RESULT OF THE CHAPTER 11 BANKRUPTCY PROCEEDINGS, TBAC WIND DOWN, LTD. CEASED OPERATIONS AND LIQUIDATED ALL OF ITS ASSETS AND MADE A FINAL PRO RATE DISTRIBUTION TO CREDITORS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $4,498

Program Service Revenue $0

Investment Income $0

Other Revenue $3,140,164

TOTAL REVENUE $3,144,662

Expense Breakdown

Grants Paid $62,000

Salaries & Benefits $30,180

Fundraising Expenses $0

Program Expenses $62,000

Other Expenses $81,276

TOTAL EXPENSES $173,456

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,144,662	$241,423	+12.0%
Expenses	$173,456	$1,530,826	-0.9%
Net Income	$2,971,206	$-1,289,403	-3.3%

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

N/A

Independent Members

N/A

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

$29,978

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BOE	PLAN ADMINISTRATOR	10.00	Officer	$29,978	$0	$29,978
PAUL BELANGER	CFO	10.00	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
2019	$3,144,662	$173,456	No data	$2,971,206

TBAC WIND DOWN LTD