222 CORPORATION (EIN 311289475) - 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

1989

Legal Domicile

Principal Officer

GREG TOYEAS

Phone

6142245700

Tax Period

2024-01-01 to 2024-12-31

222 CORPORATION, founded in 1989, is a micro nonprofit that reported $98K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $121K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION HOLDS TITLE TO REAL PROPERTY THAT IT RENTS TO A RELATED EXEMPT ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $125,311

Investment Income $2

Other Revenue $-27,652

TOTAL REVENUE $97,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,836

Other Expenses $120,836

TOTAL EXPENSES $120,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,661	$104,003	-0.1%
Expenses	$120,836	$122,048	0.0%
Net Income	$-23,175	$-18,045	+0.3%

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

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

$51,675

Total Directors

$68,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WOLSKE	PRESIDENT (THRU 7/23/24). IMMEDIATE PAST PRES	40.00	Officer Director	$0	$0	$9,854
JASON PAPPAS	VICE PRESIDENT (THRU 7/23/24)	40.00	Officer Director	$0	$0	$7,258
ERIC LEHNHART	SECRETARY (THRU 7/23/24)	40.00	Officer Director	$0	$0	$7,258
GREG TOYEAS	TREASURER	40.00	Officer Director	$0	$0	$7,500
JAY MCDONALD	PRESIDENT (BEGIN 7/24/24)	40.00	Officer Director	$0	$0	$8,246
SHARI ROBERTSON	SERGANT AT ARMS	1.00	Director	$0	$0	$1,825
BILL SARINGER	2ND VICE PRESIDENT	1.00	Director	$0	$0	$1,250
BRIAN ARMSTEAD	TRUSTEE	1.00	Director	$0	$0	$1,125
AARON BRAMEL	TRUSTEE	1.00	Director	$0	$0	$875
TJ ASSION	VICE PRESIDENT (BEGIN 7/24/24)	40.00	Officer Director	$0	$0	$4,442
WES ELSON ALTERNATE	TRUSTEE	1.00	Director	$0	$0	$125
STEVE FIORITTO	TRUSTEE	1.00	Director	$0	$0	$1,125
MIKE GALBRAITH	TRUSTEE (THRU 7/23/24)	1.00	Director	$0	$0	$2,675
DAMIAN GLASER	TRUSTEE	1.00	Director	$0	$0	$1,125
JON HALUSEK	TRUSTEE	1.00	Director	$0	$0	$1,125
AMY PUGH	TRUSTEE (THRU 7/23/24)	1.00	Director	$0	$0	$1,275
MIKE WATKINS	TRUSTEE	1.00	Director	$0	$0	$875
DAVID KURZINSKY	TRUSTEE	1.00	Director	$0	$0	$1,125
TRAVIS PARKER	SECRETARY (BEGIN 7/24/24)	40.00	Officer Director	$0	$0	$7,117
RICH NESTERALTERNATE	TRUSTEE	1.00	Director	$0	$0	$250
KEVIN DAVIS	TRUSTEE	1.00	Director	$0	$0	$525
JEFF SPIRES	TRUSTEE	1.00	Director	$0	$0	$250
TRACEY SUSANA	TRUSTEE	1.00	Director	$0	$0	$75
SHAWN PORTER	TRUSTEE	1.00	Director	$0	$0	$750

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	$97,661	$120,836	$1,086,665	$-23,175
2023	$104,003	$122,048	$1,126,505	$-18,045
2022	$94,174	$126,249	$1,219,432	$-32,075
2021	$93,152	$125,967	$1,293,729	$-32,815
2020	$94,223	$127,470	$1,368,438	$-33,247
2019	$93,053	$131,127	$1,440,401	$-38,074
2018	$88,428	$135,523	$1,515,092	$-47,095

222 CORPORATION