Trinity Terrace Inc (EIN 522293450) - 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

2000

Legal Domicile

Principal Officer

Leila A Finucane

Tax Period

2023-07-01 to 2023-12-31

Trinity Terrace Inc, founded in 2000, is a small nonprofit that reported $529K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $3.7M represent 83 months of operating reserves.

Mission

Affordable housing and 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $527,508

Investment Income $1,277

Other Revenue $0

TOTAL REVENUE $528,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,880

Fundraising Expenses $0

Program Expenses $486,673

Other Expenses $458,206

TOTAL EXPENSES $540,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,785	$1,010,689	-0.5%
Expenses	$540,086	$1,015,816	-0.5%
Net Income	$-11,301	$-5,127	+1.2%

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

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

$1,621,092

Total Directors

$1,154,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leila A Finucane	President & CEO	1.00	Officer	$0	$54,890	$466,442
Michelle M Limeres	Treasurer	1.00	Officer Director	$0	$43,589	$323,991
Jeffrey Blackwell	Asst Secretary	1.00	Officer Director	$0	$42,407	$291,067
Jacqueline R Smedley	Vice President	1.00	Officer Director	$0	$41,189	$286,392
Sarah ORielly	Secretary	1.00	Officer Director	$0	$40,398	$253,200
Donald Tomasso	Director	0.50	Director	$0	$0	$0
Michael Gill	Director	0.50	Director	$0	$0	$0
James Pope	Board Chair	0.50	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	No data	No data	No data	No data
2023	$1,010,689	$1,015,816	$4,614,112	$-5,127
2023	$528,785	$540,086	$4,508,257	$-11,301
2022	$968,514	$1,080,694	$4,048,531	$-112,180
2021	$859,498	$945,774	$4,155,989	$-86,276
2020	$754,585	$820,395	$4,229,478	$-65,810
2019	$651,952	$792,608	$4,291,692	$-140,656

Trinity Terrace Inc