TOWER EDUCATIONAL CONSULTING GROUP INC (EIN 311452562) - 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

1996

Legal Domicile

Phone

4402775553

Tax Period

2023-01-01 to 2023-12-31

TOWER EDUCATIONAL CONSULTING GROUP INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $576K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

PUBLIC CHARITY RELIGIOUSPUBLIC WORSHIP EDUCATIONAL

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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 $187,481

Program Service Revenue $374,755

Investment Income $0

Other Revenue $14,252

TOTAL REVENUE $576,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,948

Fundraising Expenses $0

Program Expenses $576,488

Other Expenses $216,683

TOTAL EXPENSES $577,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$576,488	$364,377	+0.6%
Expenses	$577,631	$324,583	+0.8%
Net Income	$-1,143	$39,794	-1.0%

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

$18,200

Total Directors

Key Employees

$32,200

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV PETER TOWER	PRESIDENT	60.00	Officer	$18,200	$0	$18,200
REV MARCELLUS HARRIS	VICEPRESIDENT	1.000	Officer	$0	$0	$0
JESSICA S TOWER	SECRETARY	1.000	Officer	$0	$0	$0
DARRYL R HARTSOE JR	TREASURER	1.000	Officer	$0	$0	$0
YOLANDA HARTSOE	TRUSTEE	1.000	Director	$0	$0	$0
PHAROAH J HARRIS	TRUSTEE	1.000	Director	$0	$0	$0
JESSIE M TOWER	EXECUTIVE DIRECTOR	60.00	Key Emp	$32,200	$0	$32,200

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	$576,488	$577,631	$136,065	$-1,143
2022	$364,377	$324,583	$216,489	$39,794
2021	$84,787	$168,650	$192,810	$-83,863

TOWER EDUCATIONAL CONSULTING GROUP INC