TRI-COUNTY YOUTH SERVICES 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

2002

Legal Domicile

Principal Officer

FELIX HERRING

Phone

9106167173

Tax Period

2022-07-01 to 2023-06-30

TRI-COUNTY YOUTH SERVICES INC, founded in 2002, is a small nonprofit that reported $201K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Charitable, Preventing Cruelty to Children

Program Service Accomplishments

Program 1

Expenses: $213,908 Revenue: $192,454

During this tax year we provided 365 days of Residential Foster Care, and served 24 youth from New Hanover, Wayne, Duplin, Johnston, Halifax, Guilford and Cumberland Counties. Services included 24...

During this tax year we provided 365 days of Residential Foster Care, and served 24 youth from New Hanover, Wayne, Duplin, Johnston, Halifax, Guilford and Cumberland Counties. Services included 24 hours of direct supervision, room and board, transportation, independent living activities, school enrollment and job preparedness.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,750

Program Service Revenue $192,454

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,346

Fundraising Expenses $0

Program Expenses $213,908

Other Expenses $110,562

TOTAL EXPENSES $213,908

Year-over-Year Comparison

	2022	2021	Change
Revenue	$201,204	$167,180	+0.2%
Expenses	$213,908	$162,748	+0.3%
Net Income	$-12,704	$4,432	-3.9%

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

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
FELIX HERRING	PRESIDENT	40	Officer	$0	$0	$0
KAROL LARA HERRING	SECRETARY	1	Officer	$0	$0	$0
WILLIAM JEFFERS	BOARD MEMBER	1	Officer	$0	$0	$0
STEPHANIE NEWKIRK	VICE-PRESIDENT	1	Officer	$0	$0	$0
DENISE MITCHELL	BOARD MEMBER	1	Officer	$0	$0	$0
BRENDA SCARBOUGH	BOARD MEMBER	1	Officer	$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
2024	No data	No data	No data	No data
2023	$201,204	$213,908	$32,734	$-12,704