TORCH FOUNDATION

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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

QUANG NGO

Phone

5128730045

Tax Period

2024-01-01 to 2024-12-31

TORCH FOUNDATION is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024. Revenue surged 197% from the prior year, signaling strong growth momentum. Expenses of $13.5M left a modest 12% surplus.

Mission

TO PROVIDE SECURED TELECOMMUNICATIONS SERVICES TO THE STATE'S RURAL AND COMMUNITY HOSPITALS.

Program Service Accomplishments

Program 1

Expenses: $12,666,524

HELP RURAL HOSPITALS WITH PERSONNEL AND VACCINES FOR COVID.

Program 2

Expenses: $829,381

PROVIDNG RURAL HEALTHCARE FACILITIES WITH THE TELECOMMUNICATIONS EQUIPMENT AND SERVICES NEEDED TO ADVANCE IN HEALTHCARE WITH TELEMEDICINE.

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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 $15,231,159

Program Service Revenue $0

Investment Income $80,404

Other Revenue $0

TOTAL REVENUE $15,311,563

Expense Breakdown

Grants Paid $72,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,495,905

Other Expenses $13,424,776

TOTAL EXPENSES $13,496,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,311,563	$5,154,691	+2.0%
Expenses	$13,496,776	$4,553,595	+2.0%
Net Income	$1,814,787	$601,096	+2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED MATTHEWS	Chairman	1.00	Officer Director	$0	$0	$0
JEFF BARNHARDT	Secretary	1.00	Officer Director	$0	$0	$0
BRIAN ROLLAND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF TURNER	TORCH CHAIR	1.00	Director	$0	$0	$0
JEFF LYLE	Director	1.00	Director	$0	$0	$0
CHRISTY FRANCIS	Director	1.00	Director	$0	$0	$0
JOHN HENDERSON	Director	1.00	Director	$0	$0	$0
QUANG NGO	President & CEO	1.00	Officer Director	$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	$15,311,563	$13,496,776	$3,981,233	$1,814,787
2023	$5,154,691	$4,553,595	$4,741,994	$601,096
2022	$1,022,293	$587,039	$1,488,186	$435,254
2021	$13,115	$440,564	$1,195,467	$-427,449
2020	$169,886	$79,430	$1,667,260	$90,456
2019	$364,356	$132,355	$1,537,057	$232,001