TROY Center Inc (EIN 460656583) - 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

Legal Domicile

Principal Officer

Michael Ott

Phone

2602488787

Tax Period

2023-08-01 to 2024-07-31

TROY Center Inc is a small nonprofit in the Education sector that reported $621K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $936K exceeded revenue, resulting in a 51% operating deficit.

Mission

To provide youth in northeast Indiana with the education, tools and support necessary for success.

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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 $198,472

Program Service Revenue $372,467

Investment Income $3,673

Other Revenue $46,095

TOTAL REVENUE $620,707

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $757,811

Fundraising Expenses $9,864

Program Expenses $799,730

Other Expenses $176,781

TOTAL EXPENSES $935,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$620,707	$1,001,724	-0.4%
Expenses	$935,592	$763,897	+0.2%
Net Income	$-314,885	$237,827	-2.3%

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

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cindy Baker	Executive Dir.	40.00	Director	$60,000	$0	$60,000
Michael Ott	President	3.00	Officer Director	$0	$0	$0
Dena Jacquay	Vice President	3.00	Officer Director	$0	$0	$0
Paula Worden	Treasurer	3.00	Officer Director	$0	$0	$0
Lindsey Grossnickle	Secretary	3.00	Officer Director	$0	$0	$0
Laura Lefever	Director	2.00	Director	$0	$0	$0
Donna Packnett	Director	3.00	Director	$0	$0	$0
Cami Hippenhammer	Director	2.00	Director	$0	$0	$0
Jenn Flanagan	Director	2.00	Director	$0	$0	$0
Mike Thomas	Director	2.00	Director	$0	$0	$0
Janna Henney	Director	3.00	Director	$0	$0	$0
Krista Pope	Director	2.00	Director	$0	$0	$0
Mike Malcolm	Director	3.00	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
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

TROY Center Inc