THE TRIANGLE 24 HOUR CLUB INC (EIN 204798459) - 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

Principal Officer

NICHOLAS COLANGELO

Phone

5705631140

Tax Period

2024-01-01 to 2024-12-31

THE TRIANGLE 24 HOUR CLUB INC is a micro nonprofit in the Public & Societal Benefit sector that reported $21K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 73% operating deficit.

Mission

SERVICES PROVIDED TO ALL MEMBERS OF THE COMMUNITY WHO DESIRE TO PARTICIPATE IN ANY OF THE MULTIPLE OPEN RECOVERY MEETINGS.

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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 $20,632

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,840

Other Expenses $35,690

TOTAL EXPENSES $35,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,632	$89,836	-0.8%
Expenses	$35,690	$37,570	-0.1%
Net Income	$-15,058	$52,266	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BERRY	TREASURER	N/A	Officer	$0	$0	$0
NICHOLAS COLANGELO	SECRETARY	N/A	Officer	$0	$0	$0
CHARLES ERIC MORROW	PRESIDENT	N/A	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	$20,632	$35,690	$729,032	$-15,058
2023	$89,836	$37,570	$744,090	$52,266
2022	$26,906	$42,167	$764,984	$-15,261
2021	$24,720	$34,991	$783,243	$-10,271
2020	$16,954	$43,784	$796,254	$-26,830
2019	$71,721	$61,690	$820,477	$10,031
2018	$45,251	$57,438	$851,644	$-12,187

THE TRIANGLE 24 HOUR CLUB INC