Tower Industry Family Support Char… - Form 990 Financial Data

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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

Jim Tracy

Phone

6058825868

Tax Period

2025-01-01 to 2025-12-31

Tower Industry Family Support Charitable Foundation, founded in 2013, is a small nonprofit in the Health Care sector that reported $989K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

To provide financial assistance to family members of a severely injured, permanently disabled or deceased tower worker who was injured or killed in an accident stemming from working at heights on communications structures or other job related activities that tower workers are involved in on a daily basis.

Program Service Accomplishments

Program 1

Expenses: $1,127,385

Assistance to severely injured or deceased tower workers' families.

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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 (2025)

Revenue Breakdown

Contributions & Grants $771,778

Program Service Revenue $0

Investment Income $157,946

Other Revenue $58,811

TOTAL REVENUE $988,535

Expense Breakdown

Grants Paid $1,127,385

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,127,385

Other Expenses $120,019

TOTAL EXPENSES $1,247,404

Year-over-Year Comparison

	2025	2024	Change
Revenue	$988,535	$1,106,253	-0.1%
Expenses	$1,247,404	$476,150	+1.6%
Net Income	$-258,869	$630,103	-1.4%

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
Jim Tracy	President	1.00	Officer Director	$0	$0	$0
Kenny Blakeslee	Vice President	1.00	Officer Director	$0	$0	$0
Patrick Murphy	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
Mike Simpson	Director	1.00	Director	$0	$0	$0
Eric Dudek	Director	1.00	Director	$0	$0	$0
Eric Chase	Director	1.00	Director	$0	$0	$0
Dan McVaugh	Director	1.00	Director	$0	$0	$0
Michael McIlhon	Director	1.00	Director	$0	$0	$0
Jake Hamilton	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	$988,535	$1,247,404	$6,453,326	$-258,869
2024	$1,106,253	$476,150	$6,263,711	$630,103
2023	$1,116,541	$152,288	$5,264,828	$964,253
2022	$1,344,767	$126,527	$4,038,557	$1,218,240
2021	$1,696,610	$167,155	$3,312,024	$1,529,455
2020	$620,884	$214,768	$1,678,432	$406,116
2019	$585,439	$303,976	$1,272,675	$281,463
2018	$300,275	$174,634	$991,412	$125,641

Tower Industry Family Support Charitable Foundation