TRIUMPH ACADEMY INC (EIN 320108413) - 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

BRUCE HUMPHRIES

Phone

4355385063

Tax Period

2024-01-01 to 2024-12-31

TRIUMPH ACADEMY INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

TRIUMPH ACADEMY, INC. (THE ORGANIZATION) PROVIDES AN INDIVIDUAL EDUCATION IN WHICH STUDENTS WITH BOTH ACADEMIC AND EMOTIONAL NEEDS CAN BE SERVED AND THRIVE SUCCESSFULLY.

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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 $84,631

Program Service Revenue $1,537,204

Investment Income $396

Other Revenue $0

TOTAL REVENUE $1,622,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,553

Fundraising Expenses $0

Program Expenses $1,596,640

Other Expenses $1,450,782

TOTAL EXPENSES $1,629,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,622,231	$1,022,142	+0.6%
Expenses	$1,629,335	$1,105,362	+0.5%
Net Income	$-7,104	$-83,220	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE YOUNG	TREASURER	12.00	Director	$0	$0	$0
TOM FILIPE	VICE PRESIDE	14.00		$0	$0	$0
BRUCE HUMPHRIES	PRESIDENT	6.00		$0	$0	$0
STERLING LYMAN	DIRECTOR	1.00		$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	$1,622,231	$1,629,335	$500,501	$-7,104
2023	$1,022,142	$1,105,362	$416,561	$-83,220
2022	$1,552,473	$1,501,032	$494,793	$51,441
2021	$1,496,178	$1,536,222	$458,476	$-40,044
2020	$1,538,004	$1,425,406	$494,763	$112,598
2019	$1,091,155	$1,101,098	$351,059	$-9,943

TRIUMPH ACADEMY INC