TRUE ALLIANCE CENTER INC

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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

2010

Legal Domicile

Principal Officer

DIEUFORT J FLEURISSAINT

Phone

6177997009

Tax Period

2023-01-01 to 2023-12-31

TRUE ALLIANCE CENTER INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $532K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 20% operating margin.

Mission

TAC is a 501(c)(3) nonprofit entity incorporated in Massachusetts. It seeks to promote advocacy in the Haitian community related to education, housing, immigration, health and economic development.

Program Service Accomplishments

Program 1

Expenses: $166,179 Revenue: $166,179

This amount was able to cover the various program that the center undertook for the calendar year ended 12-31-2023. It includes cash Assistance,and immigration assistance, outreach to educate the...

This amount was able to cover the various program that the center undertook for the calendar year ended 12-31-2023. It includes cash Assistance,and immigration assistance, outreach to educate the community, school supplies, Stipend, HCFA Training, transportation,voter campaign, COVID-19 related campaign, Gift card incentives, occupancy campaign, democracy hub and Fair chare amendment programs.

Program 2

Expenses: $211,468 Revenue: $211,468

This amount covers the cost employees, payroll taxes and employee benefit for the period.

Program 3

Expenses: $49,513 Revenue: $49,513

This amount covers some general and administration expense.

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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 $532,399

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $532,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,011

Fundraising Expenses $0

Program Expenses $427,160

Other Expenses $216,474

TOTAL EXPENSES $427,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$532,399	$401,095	+0.3%
Expenses	$427,485	$364,082	+0.2%
Net Income	$104,914	$37,013	+1.8%

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

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

$88,765

Total Directors