Turning Point Seattle dba Canopy Scholars (EIN 205118203) - 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

2007

Legal Domicile

Principal Officer

Lynn Newcombe

Phone

2064026960

Tax Period

2024-01-01 to 2024-12-31

Turning Point Seattle dba Canopy Scholars, founded in 2007, is a small nonprofit in the Health Care sector that reported $194K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

Our mission is to create equity in education for underserved students. Canopy creates access to tutoring, STEM, and community building programs.

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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 $192,645

Program Service Revenue $0

Investment Income $0

Other Revenue $1,525

TOTAL REVENUE $194,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,566

Fundraising Expenses $6,481

Program Expenses $95,626

Other Expenses $49,996

TOTAL EXPENSES $193,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,170	$139,926	+0.4%
Expenses	$193,562	$186,547	+0.0%
Net Income	$608	$-46,621	-1.0%

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

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

$99,447

Total Directors

$15,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Friedline	Board Chair	5.00	Officer Director	$0	$0	$0
Saba Berhe	Board Member	5.00	Director	$15,182	$0	$15,182
Marc Doerschel	Board Member	5.00	Director	$0	$0	$0
Jessica Ketola	Board Member	5.00	Director	$0	$0	$0
Carrie Strawn	Board Member	5.00	Director	$0	$0	$0
Stevie Helton	Board Member	5.00	Director	$0	$0	$0
Lynn Newcombe	Executive Director	40.00	Officer	$99,447	$0	$99,447

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	$194,170	$193,562	$5,316	$608
2023	$139,926	$186,547	$3,148	$-46,621
2022	$183,360	$175,668	$49,816	$7,692
2021	$154,690	$132,062	$31,775	$22,628
2020	$153,431	$149,326	$31,309	$4,105
2019	$117,132	$121,497	$20,962	$-4,365
2018	$90,203	$106,279	$13,113	$-16,076

Turning Point Seattle dba Canopy Scholars