TECHNICAL ASSISTANCE CORPORATION (EIN 431553849) - 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

COLLEEN HAFNER

Phone

3142319400

Tax Period

2024-01-01 to 2024-12-31

TECHNICAL ASSISTANCE CORPORATION, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 84% operating margin.

Mission

TO REDEVELOP AND STRENGTHEN COMMUNITIES IN COOPERATION WITH RISE COMMUNITY DEVELOPMENT.

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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 $1,836,474

Program Service Revenue $39,706

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,876,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $165

Program Expenses $98,804

Other Expenses $295,995

TOTAL EXPENSES $295,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,876,180	$1,792,047	+0.0%
Expenses	$295,995	$227,011	+0.3%
Net Income	$1,580,185	$1,565,036	+0.0%

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

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

$506,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HOLMES	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
DAVID C MASON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCMILLAN	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
W THOMAS REEVES	DIRECTOR	1.00	Director	$0	$0	$0
HENRY HANK S WEBBER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WELLER	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN HAFNER	PRESIDENT	1.00	Officer	$0	$31,692	$161,959
MARK STROKER	VICE PRESIDENT	1.00	Officer	$0	$30,803	$144,404
BRIAN HURD	TREASURER	1.00	Officer	$0	$27,073	$115,607
KATHY KINGSBURY	SECRETARY	1.00	Officer	$0	$20,860	$84,297

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	$1,876,180	$295,995	$12,636,051	$1,580,185
2023	$1,792,047	$227,011	$10,981,154	$1,565,036
2022	$109,897	$176,646	$9,309,456	$-66,749
2021	$350,402	$191,872	$8,936,087	$158,530
2020	$720,251	$500,211	$6,336,243	$220,040
2019	$8,098	$40,503	$5,599,405	$-32,405
2018	$35,254	$20,235	$5,414,616	$15,019

TECHNICAL ASSISTANCE CORPORATION