T2 FOUNDATION

EIN: 270899435 501(c)(3)

SCRANTON, PA

Total Revenue
$363,546
Total Expenses
$389,459
Total Assets
$11,277
Net Assets
$11,277
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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
2009
Legal Domicile
PA
Phone
5705586100
Tax Period
2019-01-01 to 2019-12-31

T2 FOUNDATION, founded in 2009, is a small nonprofit that reported $364K in total revenue in fiscal year 2019. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

To provide funds to cover expenses and subsidize costs of training & development for qualified athletes participating in Olympic sports, including Alpine, cross-country, freestyle, or freeskiing disciplines.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $363,546
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $363,546

Expense Breakdown

Grants Paid $285,000
Salaries & Benefits $58,300
Fundraising Expenses $0
Program Expenses $299,526
Other Expenses $46,159
TOTAL EXPENSES $389,459

Year-over-Year Comparison

2019 2018 Change
Revenue $363,546 $224,532 +0.6%
Expenses $389,459 $380,529 +0.0%
Net Income $-25,913 $-155,997 -0.8%
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

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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARINA KNIGHT DIRECTOR 30.00
$58,300 $0 $58,300
Thomas Karam President 0.00
Officer Director
$0 $0 $0
Phil Gross Vice President 0.00
Officer Director
$0 $0 $0
Brian Lash Director 0.00
Director
$0 $0 $0
David Brumbaugh Director 0.00
Director
$0 $0 $0
Ted Ligety Director 0.00
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 $363,546 $389,459 $11,277 $-25,913
2018 $224,532 $380,529 $37,190 $-155,997
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