TERRE HAUTE TORPEDOES 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

1997

Legal Domicile

Principal Officer

SARAH BOONE

Phone

8122075500

Tax Period

2024-09-01 to 2025-08-31

TERRE HAUTE TORPEDOES INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $192K in total revenue in fiscal year 2024. Expenses of $184K left a modest 4% surplus.

Mission

PROVIDE A GUIDED AGE GROUP PROGRAM FOR CHILDREN AGE 5 AND UP, FROM BEGINNING SWIMMER TO MOST COMPETITIVE AND SKILLED SWIMMER. MEMBERS LEARN THE VALUE OF SPORTSMANSHIP AND TEAMWORK AND ARE PROVIDED WITH

Program Service Accomplishments

Program 1

Expenses: $184,232 Revenue: $192,373

PROVIDE A GUIDED AGE GROUP PROGRAM FOR CHILDREN AGE 5 AND UP, FROM BEGINNING SWIMMER TO MOST COMPETATIVE AND SKILLED SWIMMER. MEMBERS LEARN THE VALUE OF SPORTSMANSHIP AND TEAMWORK AND ARE PROVIDED...

PROVIDE A GUIDED AGE GROUP PROGRAM FOR CHILDREN AGE 5 AND UP, FROM BEGINNING SWIMMER TO MOST COMPETATIVE AND SKILLED SWIMMER. MEMBERS LEARN THE VALUE OF SPORTSMANSHIP AND TEAMWORK AND ARE PROVIDED WITH PHYSICAL, EMOTIONAL, AND INTELLECTUAL SKILLS THAT WILL LAST A LIFETIME.

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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 $140,307

Program Service Revenue $52,036

Investment Income $30

Other Revenue $0

TOTAL REVENUE $192,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,007

Fundraising Expenses $0

Program Expenses $184,232

Other Expenses $90,225

TOTAL EXPENSES $184,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,373	$196,102	0.0%
Expenses	$184,232	$185,862	0.0%
Net Income	$8,141	$10,240	-0.2%

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
ROSS ELLIOTT	PRESIDENT	2.00	Officer	$0	$0	$0
MEGAN WATSON	SECRETARY	2.00	Officer	$0	$0	$0
ALYSON O'ROURKE	TREASURER	4.00	Officer	$0	$0	$0
JESSICA HALLECK	V.P.	2.00	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
2025	$192,373	$184,232	$92,117	$8,141
2024	$196,102	$185,862	$37,539	$10,240
2023	$161,098	$178,820	$50,106	$-17,722
2022	$199,566	$227,158	$67,828	$-27,592
2022	$199,566	$227,158	$67,828	$-27,592
2021	$228,898	$176,346	$95,420	$52,552
2020	$144,316	$160,063	$47,450	$-15,747
2019	$231,819	$279,055	$63,197	$-47,236
2018	$268,192	$236,671	$121,946	$31,521