TRIANGLE EDUCATION 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

Formation Year

1970

Legal Domicile

Principal Officer

SCOTT E BOVA

Phone

3177059803

Tax Period

2024-07-01 to 2025-06-30

TRIANGLE EDUCATION FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO OPERATE FOR THE FURTHERANCE OF EDUCATION BY MAKING LOANS, GRANTS OR SCHOLARSHIPS TO WORTHY STUDENTS, THE PROVIDING AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, FACILITIES, TECHNIQUES AND CURRICULA, OR OTHERWISE MANAGE FUNDS AND GIFTS TO ACHIEVE THESE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $194,550

SCHOLARSHIPS: TO PROVIDE FINANCIAL SUPPORT TO INDIVIDUALS PURSUING A DEGREE OR ADVANCED DEGREE AT AN INSTITUTION OF HIGHER EDUCATION. SELECTION CRITERIA IS BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY...

SCHOLARSHIPS: TO PROVIDE FINANCIAL SUPPORT TO INDIVIDUALS PURSUING A DEGREE OR ADVANCED DEGREE AT AN INSTITUTION OF HIGHER EDUCATION. SELECTION CRITERIA IS BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND EVIDENCE OF FINANCIAL NEED.

Program 2

Expenses: $1,397,918 Revenue: $80,000

GRANTS TO TRIANGLE FRATERNITY: UNDERWRITING OF COMPREHENSIVE PROGRAMS, INCLUDING BUT NOT LIMITED TO ON CAMPUS BASED PROGRAMMING/DELIVERY, HOSTING OF NATIONAL SEMINARS AND GRANTS FOR INDIVIDUALS TO...

GRANTS TO TRIANGLE FRATERNITY: UNDERWRITING OF COMPREHENSIVE PROGRAMS, INCLUDING BUT NOT LIMITED TO ON CAMPUS BASED PROGRAMMING/DELIVERY, HOSTING OF NATIONAL SEMINARS AND GRANTS FOR INDIVIDUALS TO ATTEND SEMINARS, INSTITUTES AND SCHOOLS LOCATED THROUGHOUT THE COUNTRY. PROGRAMMING FOCUSES ON GENERAL LEADERSHIP SKILLS AND TOOLS, ETHICS AND ETHICALLY BASED DECISION MAKING, COMMUNITY SERVICE AND PHILANTHROPY, HEALTHY LIFESTYLES DEALING WITH SUCH TOPICS AS DRUGS, ALCOHOL, DEPRESSION AND SUICIDE, COMMUNICATION, CONFLICT RESOLUTION, TEAM DYNAMICS AND ACADEMIC/STUDY SKILLS.

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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 $1,089,658

Program Service Revenue $15,000

Investment Income $517,900

Other Revenue $120,000

TOTAL REVENUE $1,742,558

Expense Breakdown

Grants Paid $1,222,561

Salaries & Benefits $588,123

Fundraising Expenses $368,422

Program Expenses $1,592,468

Other Expenses $346,145

TOTAL EXPENSES $2,156,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,558	$1,244,412	+0.4%
Expenses	$2,156,829	$1,768,186	+0.2%
Net Income	$-414,271	$-523,774	-0.2%

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

$127,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK E TOLLIVER	FOUNDATION CHAIRMAN	1.00	Officer Director	$0	$0	$0
LT GEN TED F BOWLDS USAF	FOUNDATION VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR CARY LAXER	FOUNDATION SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT G HALGREN	FOUNDATION TREASURER	1.00	Officer Director	$0	$0	$0
DONALD E KNEBEL	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
GORDON K MORTIN	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
JOHN C GARGANI	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
GREGORY A LANG	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
SARAH G JOHNSON	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
KAMIL F KARMALI	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
GUILLAUME D ROUSSON	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
JAMES E SCHIER	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
RADM MELVIN H CHIOGIOJI USN RET	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
ROBERT G HALGREN	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
MARK H LU	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN EDWARD EKLUND	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL P CHU	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM R ENGELBRECHT	FOUNDATION DIRECTOR	1.00	Director	$0	$0	$0
NICOLAAS GEORGE	EX-OFFICIO	1.00	Director	$0	$0	$0
SCOTT BOVA	PRESIDENT	48.00	Officer	$117,267	$10,330	$127,597
GREG LAMB	VICE PRESIDENT	45.00	Highest	$116,244	$9,630	$125,874

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	$1,742,558	$2,156,829	$14,407,137	$-414,271
2024	$1,244,412	$1,768,186	$14,937,481	$-523,774
2023	$1,415,204	$2,018,222	$14,121,670	$-603,018
2022	$3,611,823	$1,598,558	$13,620,517	$2,013,265
2021	$1,817,963	$1,545,036	$13,319,742	$272,927
2020	$1,889,749	$1,151,798	$10,742,744	$737,951
2019	$1,808,003	$1,885,674	$9,702,285	$-77,671
2018	$3,049,145	$848,507	$9,525,940	$2,200,638