Triangle Education Organization (EIN 475478684) - 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

2016

Legal Domicile

Principal Officer

Bruce Friend

Phone

9194399448

Tax Period

2024-07-01 to 2025-06-30

Triangle Education Organization, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $38.3M in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum. Expenses of $36.8M left a modest 4% surplus.

Mission

Operate a Public Charter School.

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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 $37,324,130

Program Service Revenue $0

Investment Income $186,370

Other Revenue $788,203

TOTAL REVENUE $38,298,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,772,502

Fundraising Expenses $0

Program Expenses $30,495,964

Other Expenses $28,077,095

TOTAL EXPENSES $36,849,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,298,703	$14,522,304	+1.6%
Expenses	$36,849,597	$14,335,235	+1.6%
Net Income	$1,449,106	$187,069	+6.7%

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

139

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
ERIN FISHER	CHAIR	2.00	Officer Director	$0	$0	$0
GREGG SINDERS	TREASURER	2.00	Officer Director	$0	$0	$0
SEAN COLEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIA MCCOMBS	MEMBER	2.00	Director	$0	$0	$0
FAY GORE	MEMBER	2.00	Director	$0	$0	$0
DAVE MACHADO	MEMBER	2.00	Director	$0	$0	$0
JAMIE McDONALD	VICE CHAIR	2.00	Director	$0	$0	$0
BRUCE FRIEND	HEAD OF SCHOOL	40.00		$172,050	$0	$172,050

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	$38,298,703	$36,849,597	$54,623,831	$1,449,106
2024	$14,522,304	$14,335,235	$45,976,380	$187,069
2023	$13,233,511	$12,932,839	$39,644,521	$300,672
2022	$11,437,237	$10,868,759	$38,991,074	$568,478
2021	$8,454,714	$8,545,120	$38,299,119	$-90,406
2020	$7,017,655	$6,953,535	$18,627,585	$64,120

Triangle Education Organization