TSE INC (EIN 410858512) - 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

1961

Legal Domicile

Principal Officer

LYNNE R MEGAN

Phone

6514892595

Tax Period

2024-01-01 to 2024-12-31

TSE INC, founded in 1961, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE SERVICE AND TRAINING TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES, TO INCREASE THEIR PARTICIPATION IN EMPLOYMENT AND RELATED ACTIVITIES ENABLING THEM TO BECOME MORE INTEGRATED IN THE COMMUNITY.

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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 $72,045

Program Service Revenue $5,309,659

Investment Income $79,000

Other Revenue $94,318

TOTAL REVENUE $5,555,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,058,935

Fundraising Expenses $0

Program Expenses $4,559,531

Other Expenses $1,634,562

TOTAL EXPENSES $5,693,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,555,022	$6,151,603	-0.1%
Expenses	$5,693,497	$5,607,441	+0.0%
Net Income	$-138,475	$544,162	-1.3%

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

231

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

$284,952

Total Directors

$62,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE LILLY	DIRECTOR	1.00	Director	$0	$0	$0
MARY KAY CARLSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMISON RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
PETER GRAFSTROM	DIRECTOR	1.00	Director	$0	$0	$0
JIM OSTLUND	DIRECTOR	1.00	Director	$0	$0	$0
CHET TSCHETTER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY BOND	CHAIR	1.00	Officer Director	$0	$0	$0
JERRY LE VASSEUER	DIRECTOR	1.00	Director	$0	$0	$0
MARY DOKKEN	DIRECTOR	1.00	Director	$0	$0	$0
PAM RYDER	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH KREITZ	TREASURER	1.00	Officer Director	$0	$0	$0
DUSTIN WAHLQUIST	DIRECTOR	1.00	Director	$0	$0	$0
DARLINE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
DAN BROWN	CHIEF OPERATING OFFICER	40.00	Officer Director	$61,766	$983	$62,749
LYNNE MEGAN	PRESIDENT	40.00	Officer	$126,195	$6,283	$132,478
SHIRLEY HALGRIMSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$85,486	$4,239	$89,725

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	$5,555,022	$5,693,497	$3,552,880	$-138,475
2023	$6,151,603	$5,607,441	$4,005,031	$544,162
2022	$5,278,966	$5,248,885	$3,464,736	$30,081
2021	$5,257,067	$4,851,748	$2,360,151	$405,319
2020	$5,447,008	$4,611,839	$1,904,855	$835,169
2019	$6,166,976	$5,933,891	$1,070,778	$233,085
2018	$5,661,798	$5,734,978	$808,528	$-73,180
2018	$5,661,798	$5,734,978	$808,528	$-73,180
2017	$5,884,254	$5,871,109	$905,872	$13,145

TSE INC