TROY Center 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

2012

Legal Domicile

Principal Officer

Michael Ott

Phone

2602488787

Tax Period

2024-08-01 to 2025-07-31

TROY Center Inc, founded in 2012, is a small nonprofit in the Education sector that reported $806K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

TROY School provides the youth of our community with the tools and education necessary to succeed.

Program Service Accomplishments

Program 1

Expenses: $833,652 Revenue: $373,873

TROY School served 49 students from Whitley, Noble, Dekalb and Allen counties during the 2024-2025 school year.

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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 $409,728

Program Service Revenue $373,873

Investment Income $2,211

Other Revenue $20,662

TOTAL REVENUE $806,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $807,815

Fundraising Expenses $48,598

Program Expenses $833,652

Other Expenses $215,623

TOTAL EXPENSES $1,023,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$806,474	$620,707	+0.3%
Expenses	$1,023,438	$935,592	+0.1%
Net Income	$-216,964	$-314,885	-0.3%

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

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

$61,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cindy Baker	Executive Dir.	40.00	Officer	$61,442	$0	$61,442
Michael Ott	President	3.00	Officer Director	$0	$0	$0
Dena Jacquay	Vice President	2.00	Officer Director	$0	$0	$0
Paula Worden	Treasurer	1.00	Officer Director	$0	$0	$0
Lindsey Grossnickle	Secretary	1.00	Director	$0	$0	$0
Donna Packnett	Director	2.00	Director	$0	$0	$0
Cami Hippenhammer	Director	1.00	Director	$0	$0	$0
Jenn Flanagan	Director	2.00	Director	$0	$0	$0
Mike Thomas	Director	1.00	Director	$0	$0	$0
Janna Henney	Director	1.00	Director	$0	$0	$0
Mike Malcolm	Director	1.00	Director	$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	$806,474	$1,023,438	$757,695	$-216,964
2024	$620,707	$935,592	$925,340	$-314,885
2023	$1,001,724	$763,897	$1,240,225	$237,827
2023	$994,364	$763,804	$1,231,490	$230,560
2022	$809,290	$650,484	$1,000,929	$158,806
2021	$679,447	$540,333	$929,523	$139,114
2020	$649,855	$589,973	$790,409	$59,882
2019	$746,502	$576,782	$643,127	$169,720