The Training Source Inc (EIN 521843341) - 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

1993

Legal Domicile

Principal Officer

Nekeisia Booyer

Phone

3014998872

Tax Period

2024-01-01 to 2024-12-31

The Training Source Inc, founded in 1993, is a small nonprofit that reported $626K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $594K left a modest 5% surplus.

Mission

Provide education, training & services that promote positive economic mobility. Our programs & services in the Maryland and Washington, DC area assist low-to-moderate income youth & adults & include workforce training, college & career planning,community & employer services.

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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 $527,144

Program Service Revenue $10,785

Investment Income $88,568

Other Revenue $0

TOTAL REVENUE $626,497

Expense Breakdown

Grants Paid $9,300

Salaries & Benefits $272,759

Fundraising Expenses $29,246

Program Expenses $477,228

Other Expenses $312,152

TOTAL EXPENSES $594,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,497	$712,204	-0.1%
Expenses	$594,211	$631,994	-0.1%
Net Income	$32,286	$80,210	-0.6%

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

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

$144,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Evelyn Kim Rhim	Executive Director	40.00	Officer	$144,150	$0	$144,150
Perry Foreman	Secretary	2.00	Officer Director	$0	$0	$0
Josephine Arnold	Director	2.00	Director	$0	$0	$0
Carolyn Fleming-Williams	Chair	2.00	Officer Director	$0	$0	$0
Anthony Jackson	Treasurer	2.00	Officer Director	$0	$0	$0
Cynthia Blake	Vice Chair	2.00	Officer Director	$0	$0	$0
Gabriel Parker	Director	2.00	Director	$0	$0	$0
Pamela Jenkins	Director	2.00	Director	$0	$0	$0
Robin Flemming	Director	2.00	Director	$0	$0	$0
Tawanda Rooney	Director	2.00	Director	$0	$0	$0
LaTanya White	Director	2.00	Director	$0	$0	$0
Charise Harper	Director	2.00	Director	$0	$0	$0
Kenali Battle	Director	2.00	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	$626,497	$594,211	$3,207,478	$32,286
2023	$712,204	$631,994	$3,084,195	$80,210
2022	$664,500	$490,012	$2,997,890	$174,488
2021	$770,326	$620,619	$3,024,742	$149,707
2020	$704,295	$631,017	$2,771,873	$73,278
2019	$621,657	$589,422	$2,658,188	$32,235
2018	$559,134	$554,662	$2,320,870	$4,472

The Training Source Inc