TRINITY TERRACE INC (EIN 391667734) - 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

1990

Legal Domicile

Principal Officer

NICOLE CHWALA

Phone

2626391100

Tax Period

2023-01-01 to 2023-12-31

TRINITY TERRACE INC, founded in 1990, is a small nonprofit in the Unknown sector that reported $423K in total revenue in fiscal year 2023. Expenses of $490K exceeded revenue, resulting in a 16% operating deficit.

Mission

TRINITY TERRACE IS AN INDEPENDENT LIVING, LOW INCOME HOUSING FACILITY WITH 39 UNITS. IT HAS ONE BEDROOM AND STUDIO APARTMENTS FOR INDEPENDENT SENIORS. THE BUILDING ALSO HAS A SECURED LOCKED ENTRY, BEAUTY/BARBER SHOP, COMPUTER CENTER WITH FREE INTERNET ACCESS, AND PARKING.

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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 $400,336

Investment Income $17,164

Other Revenue $5,092

TOTAL REVENUE $422,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,616

Fundraising Expenses $0

Program Expenses $391,177

Other Expenses $456,011

TOTAL EXPENSES $489,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,592	$405,284	+0.0%
Expenses	$489,627	$448,370	+0.1%
Net Income	$-67,035	$-43,086	+0.6%

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

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

$1,271,405

Total Directors

$1,271,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MAUTHE	CEO	1.00	Officer Director	$0	$32,070	$658,445
MICHAEL LIBBY	SENIOR VP OF OPERATIONS	1.00	Officer Director	$0	$39,017	$294,572
NICOLE CHWALA	CFO	1.00	Officer Director	$0	$33,417	$318,388

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	$422,592	$489,627	$1,396,123	$-67,035
2022	$405,284	$448,370	$1,472,573	$-43,086
2021	$1,088,345	$419,215	$1,532,508	$669,130
2020	$349,780	$491,217	$1,472,122	$-141,437
2019	$356,292	$405,153	$1,042,524	$-48,861
2018	$352,327	$380,599	$1,047,481	$-28,272

TRINITY TERRACE INC