TEAM TRACE INC (EIN 461597269) - 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

2012

Legal Domicile

Principal Officer

DARYL KNIGHT

Phone

4107397368

Tax Period

2024-01-01 to 2024-12-31

TEAM TRACE INC, founded in 2012, is a small nonprofit in the Diseases & Disorders sector that reported $112K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RAISE AWARENESS AND PROVIDE FUNDING FOR RESEARCH PROJECTS TO DEVELOPE CURES AND THERAPIES FOR CHILDREN WITH PEDIATRIC CONGENITAL HEART DISEASE.

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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 $42,155

Program Service Revenue $0

Investment Income $0

Other Revenue $69,801

TOTAL REVENUE $111,956

Expense Breakdown

Grants Paid $121,232

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,947

Other Expenses $6,715

TOTAL EXPENSES $127,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,956	$237,865	-0.5%
Expenses	$127,947	$109,555	+0.2%
Net Income	$-15,991	$128,310	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL KNIGHT	PRESIDENT	10.00	Officer	$0	$0	$0
DERECK JANES	VICE PRESIDE	5.00	Officer	$0	$0	$0
DOUGLAS WALKER	SECRETARY	5.00	Officer	$0	$0	$0
ASHLEY KNIGHT	DIRECTOR	10.00	Director	$0	$0	$0
NICOLE JANES	DIRECTOR	5.00	Director	$0	$0	$0
MATT SPEDDEN	DIRECTOR	5.00	Director	$0	$0	$0
MELINDA SPEDDEN	DIRECTOR	5.00	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	$111,956	$127,947	$299,855	$-15,991
2023	$237,865	$109,555	$315,846	$128,310

TEAM TRACE INC