TCK PROVIDENCE INC (EIN 465315289) - 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

2015

Legal Domicile

Principal Officer

JEFF BACON

Phone

3363977062

Tax Period

2024-07-01 to 2025-06-30

TCK PROVIDENCE INC, founded in 2015, is a community nonprofit in the Employment sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $5.3M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE CULINARY EDUCATION AND TRAINING FOR UNEMPLOYED AND UNDEREMPLOYED PERSONS.

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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 $1,559,256

Program Service Revenue $1,968,052

Investment Income $21,265

Other Revenue $0

TOTAL REVENUE $3,548,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,289,776

Fundraising Expenses $136,288

Program Expenses $4,767,542

Other Expenses $3,005,525

TOTAL EXPENSES $5,295,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,548,573	$4,025,668	-0.1%
Expenses	$5,295,301	$5,582,038	-0.1%
Net Income	$-1,746,728	$-1,556,370	+0.1%

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

Volunteers

3218

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

$550,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC A AFT	CHAIRMAN	1.50	Officer	$0	$22,745	$256,673
TONYA DEEM	SECRETARY	1.50	Officer Director	$0	$0	$0
ANTHONY BONNER	DIRECTOR	1.50	Director	$0	$0	$0
SAMMY GIANOPOULOS	DIRECTOR	1.50	Director	$0	$0	$0
VIVIAN JOINER	DIRECTOR	1.50	Director	$0	$0	$0
DARYL MYERS	DIRECTOR	1.50	Director	$0	$0	$0
BARBARA RAFFALDINI	DIRECTOR	1.50	Director	$0	$0	$0
KEVIN THOMERSON	DIRECTOR	1.50	Director	$0	$0	$0
TRACEY WILLIAMS	DIRECTOR	1.50	Director	$0	$0	$0
JEFF BACON	EXECUTIVE DI	48.50	Officer	$0	$15,875	$132,048
JOSH FULLER	FINANCE VP	1.50	Officer	$0	$14,341	$161,395

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	$3,548,573	$5,295,301	$6,300,459	$-1,746,728
2024	$4,025,668	$5,582,038	$1,645,843	$-1,556,370
2023	$3,538,558	$5,142,050	$2,150,833	$-1,603,492
2022	$3,578,834	$5,062,355	$1,983,260	$-1,483,521
2021	$4,044,260	$3,958,683	$1,238,081	$85,577
2020	$5,116,704	$3,805,729	$1,098,616	$1,310,975
2019	$3,366,433	$3,806,045	$467,717	$-439,612
2018	$2,625,540	$2,678,794	$321,308	$-53,254

TCK PROVIDENCE INC