TRICREEK EDUCATION FOUNDATION INC (EIN 352128513) - 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

2001

Legal Domicile

Principal Officer

CHERYL GIBSON

Phone

2197658257

Tax Period

2023-01-01 to 2023-12-31

TRICREEK EDUCATION FOUNDATION INC, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $275K in total revenue in fiscal year 2023. Revenue surged 768% from the prior year, signaling strong growth momentum. Expenses of $238K left a modest 14% surplus.

Mission

WE ARE AN EDUCATION FOUNDATION THAT ENCOURAGES PHILANTROPY TO PROMOTE EXCELLANCE IN EDUCATION FOR THE TRI-CREEK SCHOOL DISTRICTS IN LAKE CTY INDIANAA.

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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 $0

Program Service Revenue $149,749

Investment Income $111,119

Other Revenue $14,296

TOTAL REVENUE $275,164

Expense Breakdown

Grants Paid $233,606

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,606

Other Expenses $4,094

TOTAL EXPENSES $237,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,164	$31,698	+7.7%
Expenses	$237,700	$201,591	+0.2%
Net Income	$37,464	$-169,893	-1.2%

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

N/A

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
LYNN BOCHART	TREASURY	N/A	Officer	$0	$0	$0
LUAN BROWN	PRESIDENT	N/A	Officer	$0	$0	$0
CHERYL GIBSON	SCHOLARSHIP	N/A	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	$275,164	$237,700	$1,527,276	$37,464
2022	$31,698	$201,591	$1,489,812	$-169,893
2021	$328,981	$167,505	$1,659,705	$161,476
2020	$163,503	$120,442	$1,498,229	$43,061
2019	$178,909	$132,587	$1,455,168	$46,322
2018	$65,434	$95,451	$1,303,146	$-30,017

TRICREEK EDUCATION FOUNDATION INC