Tower Industry Family Support Charitable Foundation (EIN 462814417) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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

2024-01-01 to 2024-12-31

TOWER INDUSTRY FAMILY SUPPORT CHARITABLE FOUNDATION, founded in 2013, is a small nonprofit in the Health Care sector that reported $300K in total revenue in fiscal year 2018. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 42% operating margin.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $847,045

Program Service Revenue $0

Investment Income $67,844

Other Revenue $191,364

TOTAL REVENUE $1,106,253

Expense Breakdown

Grants Paid $411,864

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,864

Other Expenses $64,286

TOTAL EXPENSES $476,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,106,253	$1,116,541	0.0%
Expenses	$476,150	$152,288	+2.1%
Net Income	$630,103	$964,253	-0.3%

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

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
Victor Drouin	Vice President	1.00	Officer Director	$0	$0	$0
Kenny Blakeslee	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
Patrick Murphy	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
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