TRI-COUNTY APPRENTICESHIP ACADEMY INC (EIN 320062980) - 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

2003

Legal Domicile

Principal Officer

CHRISTINE SARDINA

Phone

2392250995

Tax Period

2020-07-01 to 2021-06-30

TRI-COUNTY APPRENTICESHIP ACADEMY INC, founded in 2003, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $312K, a strong 26% operating margin.

Mission

THE PRIMARY PURPOSE OF THIS ACADEMY SHALL BE TO FOSTER AND PROMOTE THE EDUCATION OF PLUMBING, ELECTRICAL, PIPEFITTING, HEATING, VENTILATION AND COOLING TO PRE-APPRENTICES, APPRENTICES, AND JOURNEYMEN IN CHARLOTTE, LEE, COLLIER, HENDRY, AND GLADES COUNTIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $976,122

Program Service Revenue $219,618

Investment Income $945

Other Revenue $0

TOTAL REVENUE $1,196,685

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,843

Fundraising Expenses $0

Program Expenses $224,377

Other Expenses $585,182

TOTAL EXPENSES $885,025

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,196,685	$1,100,134	+0.1%
Expenses	$885,025	$805,874	+0.1%
Net Income	$311,660	$294,260	+0.1%

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

$81,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE SARDINA	EXECUTIVE DI	40.00	Officer	$81,819	$0	$81,819
RICHARD BIDWELL	SECRETARY /	N/A	Officer Director	$0	$0	$0
CHIPPER FITZ	BOARD MEMBER	N/A	Director	$0	$0	$0
GARY GRIFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN PETERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES B ROBERTS	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DAVID SOUTHWICK	BOARD MEMBER	N/A	Director	$0	$0	$0
SAM TROYER	CHAIRMAN	N/A	Officer 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
2021	$1,196,685	$885,025	$2,484,680	$311,660
2020	$1,100,134	$805,874	$2,173,020	$294,260
2019	$1,057,535	$748,310	$1,878,760	$309,225

TRI-COUNTY APPRENTICESHIP ACADEMY INC