TROY REHABILITATION AND IMPROVEMEN… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

NOAH BAUM

Phone

5182728289

Tax Period

2024-05-01 to 2025-04-30

TROY REHABILITATION AND IMPROVEMENT PROGRAM INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $3,195,947 Revenue: $1,834,253

CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES.

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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 $1,612,177

Program Service Revenue $1,834,253

Investment Income $0

Other Revenue $91,228

TOTAL REVENUE $3,537,658

Expense Breakdown

Grants Paid $13,778

Salaries & Benefits $2,115,278

Fundraising Expenses $105,764

Program Expenses $3,195,947

Other Expenses $1,731,714

TOTAL EXPENSES $3,860,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,537,658	$3,754,056	-0.1%
Expenses	$3,860,770	$3,767,110	+0.0%
Net Income	$-323,112	$-13,054	+23.8%

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

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

$198,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELBERT L WATSON	CHAIR	1.00	Officer Director	$0	$0	$0
TYSHA TYSON-LABOY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE WARREN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE DURKIN	TREASURER	1.00	Officer Director	$0	$0	$0
YVONNE DREW	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
MELISSA BROMLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VENER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WILD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MOYLE LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
NOAH BAUM	PRESIDENT & CEO	40.00	Officer	$102,355	$2,750	$105,105
ERIC BARAL	CFO/COO	40.00	Officer	$90,811	$2,771	$93,582

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
2025	$3,537,658	$3,860,770	$4,717,241	$-323,112
2024	$3,754,056	$3,767,110	$4,825,908	$-13,054
2023	$3,688,765	$3,467,886	$4,834,315	$220,879
2022	$4,140,655	$3,400,533	$4,527,116	$740,122
2021	$3,412,116	$3,442,685	$4,121,627	$-30,569
2020	$4,666,202	$3,881,110	$3,806,312	$785,092
2019	$3,176,808	$2,694,445	$2,778,346	$482,363
2018	$2,919,655	$2,712,925	$3,206,091	$206,730

TROY REHABILITATION AND IMPROVEMENT PROGRAM INC