TROY COMMUNITY WORKS (EIN 261535401) - 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

KENT FRAUENBERGER

Phone

9372878025

Tax Period

2023-07-01 to 2024-06-30

TROY COMMUNITY WORKS, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $118K, a strong 42% operating margin.

Mission

TROY COMMUNITY WORKS SERVES TO ENHANCE THE LONG-TERM WELL-BEING AND LIVABILITY OF THE CITY OF TROY THROUGH A COLLABORATIVE APPROACH TO SUSTAINABLE COMMUNITY DEVELOPMENT.

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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 $28,644

Program Service Revenue $246,289

Investment Income $4,532

Other Revenue $0

TOTAL REVENUE $279,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,776

Other Expenses $161,776

TOTAL EXPENSES $161,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,465	$234,683	+0.2%
Expenses	$161,776	$120,521	+0.3%
Net Income	$117,689	$114,162	+0.0%

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

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
JEREMY CARTER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
KENT FRAUENBERGER	TREASURER	5.00	Officer Director	$0	$0	$0
FRANCIS HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
GREGG HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
PATTI JONES-LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH PACKARD	PRESIDENT	5.00	Officer Director	$0	$0	$0
NATE TREMBLAY	SECRETARY	5.00	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
2025	No data	No data	No data	No data
2024	$279,465	$161,776	$2,899,775	$117,689
2023	$234,683	$120,521	$2,956,686	$114,162
2022	$346,707	$259,715	$3,024,106	$86,992
2021	$359,762	$5,171	$2,990,390	$354,591
2020	$456,906	$6,569	$1,322,013	$450,337
2019	$10,832	$6,162	$653,934	$4,670

TROY COMMUNITY WORKS