Tamassee Foundation

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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

2013

Legal Domicile

Principal Officer

Jon Holland

Phone

8649441390

Tax Period

2023-01-01 to 2023-12-31

Tamassee Foundation, founded in 2013, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Net assets of $554K represent 139 months of operating reserves.

Mission

To raise funds to help support and enhance the educational activities of the Tamassee DAR School.

Program Service Accomplishments

Program 1

Expenses: $50,000

To raise funds to help support and enhance the educational activities of the Tamassee DAR School, Inc.

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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 $0

Program Service Revenue $0

Investment Income $47,640

Other Revenue $0

TOTAL REVENUE $47,640

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,000

Other Expenses $1,110

TOTAL EXPENSES $51,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,640	$30,996	+0.5%
Expenses	$51,110	$11,016	+3.6%
Net Income	$-3,470	$19,980	-1.2%

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

N/A

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
Frank Edwards	Treasurer	1.00	Director	$0	$0	$0
William Barker	Director	1.00	Director	$0	$0	$0
John Hunter	Director	1.00	Director	$0	$0	$0
Jon Holland	President & Sec	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$47,640	$51,110	$553,664	$-3,470
2022	$30,996	$11,016	$540,251	$19,980
2021	$73,293	$6,717	$629,767	$66,576
2020	$25,609	$5,300	$526,303	$20,309
2019	$30,277	$6,192	$467,102	$24,085
2018	$33,955	$26,216	$389,399	$7,739