Timothy J Tuomey Trust

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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

1914

Legal Domicile

Phone

8037749037

Tax Period

2023-10-01 to 2024-09-30

Timothy J Tuomey Trust, founded in 1914, is a small nonprofit that reported $216K in total revenue in fiscal year 2023. Expenses of $308K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE SUPPORT TO PRISMA HEALTH TUOMEY BY TRANSFERRING ALL INCOME OF THE TRUST TO THE TUOMEY FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $232,213 Revenue: $0

FUNDING OF PRISMA HEALTH TUOMEY'S ACTIVITIES (UNDER THE TRUST AGREEMENT). EXCESS OF REVENUES OVER EXPENSES IS TRANSFERRED TO THE TUOMEY FOUNDATION. ANY GAIN ON THE SALE OF CORPUS ASSETS IS REINVESTED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $216,432

Other Revenue $0

TOTAL REVENUE $216,432

Expense Breakdown

Grants Paid $224,089

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $232,213

Other Expenses $77,456

TOTAL EXPENSES $307,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,432	$218,754	0.0%
Expenses	$307,545	$295,521	+0.0%
Net Income	$-91,113	$-76,767	+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

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

$6,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK JAMES	TRUSTEE	0.4	Director	$2,400	$0	$2,400
M DAVID SHAW	TRUSTEE	0.4	Director	$2,000	$0	$2,000
W T FORT JR	TRUSTEE	0.4	Director	$2,000	$0	$2,000

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	$216,432	$307,545	$10,446,736	$-91,113
2023	$218,754	$295,521	$8,595,030	$-76,767
2022	$316,292	$356,977	$7,989,620	$-40,685
2021	$258,412	$294,688	$9,728,299	$-36,276
2020	$240,179	$303,928	$8,179,656	$-63,749
2019	$299,031	$268,726	$8,034,560	$30,305
2018	$177,698	$232,892	$8,058,194	$-55,194