TOUCH HEART CENTER FOR DEVELOPMENT INC (EIN 261971118) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

FRANK LACEY

Phone

5406599293

Tax Period

2023-01-01 to 2023-12-31

TOUCH HEART CENTER FOR DEVELOPMENT INC, founded in 1999, is a small nonprofit in the Education sector that reported $232K in total revenue in fiscal year 2019. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

EDUCATE CHILDREN. THE VISION OF THE SCHOOLS IS TO PROVIDE A QUALITY EDUCATION TO CHILDREN IN A CHRISTIAN ENVIRONMENT WHERE GOSPEL VALUES ARE LEARNED AND TO PROVIDE FOOD FOR NEEDY FAMILIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,228

Program Service Revenue $215,781

Investment Income $34

Other Revenue $0

TOTAL REVENUE $264,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,142

Fundraising Expenses $0

Program Expenses $314,448

Other Expenses $174,006

TOTAL EXPENSES $316,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,043	$271,512	0.0%
Expenses	$316,148	$282,775	+0.1%
Net Income	$-52,105	$-11,263	+3.6%

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

Total Directors

$56,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK LACEY	DIRECTOR	20.00	Director	$25,400	$0	$25,400
TINA FOSTER	DIRECTOR	20.00	Director	$16,800	$0	$16,800
BARBARA PRICE	DIRECTOR	10.00	Director	$0	$0	$0
BRENDA LACEY	DIRECTOR	10.00	Director	$14,350	$0	$14,350

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	No data	No data	No data	No data
2023	$264,043	$316,148	$98,610	$-52,105
2022	$271,512	$282,775	$108,987	$-11,263
2021	$264,135	$239,531	$116,937	$24,604
2020	$192,438	$181,657	$82,006	$10,781
2019	$231,758	$190,386	$59,859	$41,372

TOUCH HEART CENTER FOR DEVELOPMENT INC