Triangle Bikeworks

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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

Kevin Hicks

Phone

9194522272

Tax Period

2022-01-01 to 2022-12-31

Triangle Bikeworks, founded in 2012, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 17% operating margin.

Mission

Engaging Black and ALAANA youth (African, Latine, Arab, Asian, Native American) in experiential learning opportunities that allows them to overcome challenges, achieve audacious goals, and discover their true selves

Program Service Accomplishments

Program 1

Expenses: $87,734

Spoken Revolutions: Adventure opens a world of opportunity for self-discovery and confidence building.Summer Experience: Youth exploring untold history and environmental education in classroom...

Spoken Revolutions: Adventure opens a world of opportunity for self-discovery and confidence building.Summer Experience: Youth exploring untold history and environmental education in classroom settings and via cycling tours throughout regions of the United States. In the summer of 2022, the physical cycling tour was from Kentucky to Illinois using the theme of the Great Migration, the period when up to 6 million Black Americans migrated out of the southern states.Excursions: Youth exploring untold history and environmental education in classroom settings and via cycling tours throughout regions of the North Carolina. In the fall of 2022, youth traveled to Charlotte, NC and toured the area and murals dedicated to leaders instrumental in the Black American community.

Program 2

Expenses: $20,786

TYMBR Wolves (Triangle Youth Mountain Bike Riding)is a mountain biking team in the North Carolina Interscholastic Cycling League participating in practices and five races per spring season. Positive youth development is our goal. Through these cycling opportunities youth travel the State of NC and have off-road adventures with the option to race competitively.

Program 3

Expenses: $13,054

Community Outreach & Education: Lets Ride! is up to four, low-commitment, one day, community bike ride events (March, May, Aug, Oct) to strengthen community health and community engagement. Each ride takes place in a different location in the Triangle region and is open to all riders. There were three Let's Ride! events in 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $207,733

Program Service Revenue $0

Investment Income $336

Other Revenue $1,823

TOTAL REVENUE $209,892

Expense Breakdown

Grants Paid $1,291

Salaries & Benefits $84,299

Fundraising Expenses $27,124

Program Expenses $121,574

Other Expenses $79,249

TOTAL EXPENSES $174,704

Year-over-Year Comparison

	2022	2021	Change
Revenue	$209,892	$149,620	+0.4%
Expenses	$174,704	$132,127	+0.3%
Net Income	$35,188	$17,493	+1.0%

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

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

$34,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Hicks	Executive Dir.	30.00	Officer	$34,000	$0	$34,000
Lisa Nelson	Vice Chair	2.00	Officer Director	$0	$0	$0
Sapna Varkey	Secretary	2.00	Officer Director	$0	$0	$0
Alex Barker	Board Member	2.00	Director	$0	$0	$0
Jay Parker	Board Member	2.00	Director	$0	$0	$0
Dawn McClendon	Board Member	2.00	Director	$0	$0	$0
Shevonne Martin	Board Member	2.00	Director	$0	$0	$0
Chris Bagley	Board Chair	2.00	Officer 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	No data	No data	No data	No data
2022	$209,892	$174,704	$145,031	$35,188