TLC Work Based Training Program Inc (EIN 465510818) - 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

2009

Legal Domicile

Principal Officer

Tarik Casteel

Tax Period

2024-01-01 to 2024-12-31

TLC Work Based Training Program Inc, founded in 2009, is a small nonprofit in the Human Services sector that reported $237K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Net assets of $878K represent 44 months of operating reserves.

Mission

To provide human/social services with a workforce development focus to veterans, ex-ofenders and hard-to-place individuals

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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 $89,995

Program Service Revenue $147,095

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,911

Other Expenses $254,455

TOTAL EXPENSES $254,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,090	$491,509	-0.5%
Expenses	$254,455	$451,625	-0.4%
Net Income	$-17,365	$39,884	-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

N/A

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
Mark Hawthorne	President	10.00	Officer	$0	$0	$0
Wade West	Secretary	10.00	Officer	$0	$0	$0
Kyron Robinson	Treasurer	10.00	Officer	$0	$0	$0
KarMeisha Singleton	Board Member	10.00	Officer	$0	$0	$0
Barry Coleman	Board Member	10.00	Officer	$0	$0	$0
Shawn Robinson	Board Member	10.00	Officer	$0	$0	$0
Tarik Casteel	FounderCEO	40.00	Officer	$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	$237,090	$254,455	$1,186,856	$-17,365
2023	$491,509	$451,625	$1,204,221	$39,884

TLC Work Based Training Program Inc