TALMAR INC (EIN 522165052) - 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

1998

Legal Domicile

Principal Officer

Kate Joyce

Phone

4108252020

Tax Period

2023-01-01 to 2023-12-31

TALMAR INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $273K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

To offer an innovative, therapeutic environment in which to provide work skills development, and vocational, educational, and recreational programming in horticulture and agriculture to people with physical, mental, and developmental disabilities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $94,300

Program Service Revenue $178,915

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,156

Fundraising Expenses $0

Program Expenses $267,640

Other Expenses $49,510

TOTAL EXPENSES $295,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,215	$290,766	-0.1%
Expenses	$295,666	$328,524	-0.1%
Net Income	$-22,451	$-37,758	-0.4%

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

Employees

Volunteers

105

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

$84,686

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kate Joyce	Executive Director	45	Key Emp	$84,686	$0	$84,686
Deb Maggitti	board member	2	Director	$0	$0	$0
Kidada Davis	board member	2	Director	$0	$0	$0
Kaitlyn Wilson	board member	2	Director	$0	$0	$0
Kristen Kearby	Chairperson	2	Officer	$0	$0	$0
Ilana Cramer	Treasurer	2	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	No data	No data	No data	No data
2023	$273,215	$295,666	$83,050	$-22,451
2022	$290,766	$328,524	$104,797	$-37,758
2021	$262,148	$257,478	$139,998	$4,670
2020	$227,469	$218,439	$168,153	$9,030

TALMAR INC