The Telios Charitable 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

2008

Legal Domicile

Principal Officer

Bill Moritz

Phone

7192601213

Tax Period

2019-01-01 to 2019-12-31

The Telios Charitable Trust, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $520K in total revenue in fiscal year 2019. Expenses of $4.4M exceeded revenue, resulting in a 754% operating deficit.

Mission

The Telios Charitable Trust has been established to provide management support for gifts of real property and business interests that donors want to contribute to the New Horizons Foundation. The Telios Charitable Trust will be a supporting organization to the New Horizons Foundation, Inc. a public charity located in Colorado Springs, Colorado and serve the foundation by receiving gifts of real property or business interests and managing these assets until they can be sold and the proceeds distributed to the Foundation. The trust's only purpose is to manage these types of assets until they can be sold. The New Horizons Foundation Board of Trustees feels that it is best to keep these assets separate from other foundation assets until they can be sold in case any liability arises with the property received.

Program Service Accomplishments

Program 1

Expenses: $4,443,560

The donated raw land located in Gilbert, Arizona in a prior year was the primary asset of the trust.The Telios Charitable Trust sold the tract of land during 2019 and distributed the net proceeds...

The donated raw land located in Gilbert, Arizona in a prior year was the primary asset of the trust.The Telios Charitable Trust sold the tract of land during 2019 and distributed the net proceeds from the closing on the property in the amount of $4,443,560. The net proceeds was distributed to the New Horizons Foundation serving the purpose of the trust's mission.The only other activity in the trust was the payment of property taxes in the amount of $2637.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $520,477

Other Revenue $0

TOTAL REVENUE $520,477

Expense Breakdown

Grants Paid $4,443,560

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,443,560

Other Expenses $2,637

TOTAL EXPENSES $4,446,197

Year-over-Year Comparison

	2019	2018	Change
Revenue	$520,477	N/A	N/A
Expenses	$4,446,197	$3,968	+1119.5%
Net Income	$-3,925,720	$-3,968	+988.3%

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
Bill Moritz	President	0.00	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
2019	$520,477	$4,446,197	$17,399	$-3,925,720
2018	No data	$3,968	$3,943,119	No data