TSIC OF SARASOTA COUNTY INC (EIN 331012774) - 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

2002

Legal Domicile

Principal Officer

LISA A BECHTOLD

Phone

9413584407

Tax Period

2023-07-01 to 2024-06-30

TSIC OF SARASOTA COUNTY INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO IDENTIFY AT-RISK YOUTH, PLACE THEM IN AN ENVIRONMENT OF SUCCESS, PROVIDE THEM WITH MENTORS AND PROGRAM SUPPORT/CASE MANAGAGEMENT TO ENABLE THEM TO ACHIEVE HIGH SCHOOL GRADUATION AND GAIN ENTRANCE INTO POST-SECONDARY EDUCATION.

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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 $1,012,157

Program Service Revenue $0

Investment Income $5,510

Other Revenue $0

TOTAL REVENUE $1,017,667

Expense Breakdown

Grants Paid $208,956

Salaries & Benefits $775,054

Fundraising Expenses $124,366

Program Expenses $1,040,731

Other Expenses $279,101

TOTAL EXPENSES $1,263,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,017,667	$2,244,182	-0.5%
Expenses	$1,263,111	$2,314,276	-0.5%
Net Income	$-245,444	$-70,094	+2.5%

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

250

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

$97,562

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ATKINS	IMMEDIATE PAST CHAIR	5.00	Director	$0	$0	$0
BRITTANY LAMONT	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHARLES BRYANT	DIRECTOR	5.00	Officer Director	$0	$0	$0
KAREN HOUGH	DIRECTOR	5.00	Director	$0	$0	$0
JAY BRADY	DIRECTOR	5.00	Director	$0	$0	$0
KELLEY LEAR	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE CHERP	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
LORI SUTTON	DIRECTOR	5.00	Director	$0	$0	$0
DR STEPHEN COVERT	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
DAVIAN SPIRES	DIRECTOR	5.00	Director	$0	$0	$0
TJ CHITEKWE	TREASURER	5.00	Officer Director	$0	$0	$0
MARJOLAINE TOWNSEND	DIRECTOR	5.00	Director	$0	$0	$0
IVORY MATTHEWS	DIRECTOR	5.00	Director	$0	$0	$0
LISA BECHTOLD	EXECUTIVE DIRECTOR	20.00	Officer	$80,384	$17,178	$97,562

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
2025	No data	No data	No data	No data
2024	$1,017,667	$1,263,111	$8,037,030	$-245,444
2023	$2,244,182	$2,314,276	$8,001,572	$-70,094
2022	$1,520,237	$1,043,762	$7,883,249	$476,475
2021	$1,209,552	$694,518	$6,637,817	$515,034
2020	$1,174,342	$922,231	$6,161,461	$252,111
2019	$851,009	$641,248	$5,857,219	$209,761
2018	$1,664,816	$720,640	$5,642,428	$944,176

TSIC OF SARASOTA COUNTY INC