TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION (EIN 561803864) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

CHRISTOPHER B SMITH

Phone

9196079476

Tax Period

2023-01-01 to 2023-12-31

TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION, founded in 1992, is a small nonprofit that reported $258K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $231K left a modest 10% surplus.

Mission

PROVIDE SCHOLARSHIP OPPORTUNITIES TO LOCAL HIGH SCHOOL STUDENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,100

Program Service Revenue $133,660

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,760

Expense Breakdown

Grants Paid $60,500

Salaries & Benefits $20,000

Fundraising Expenses $0

Program Expenses $186,454

Other Expenses $150,802

TOTAL EXPENSES $231,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,760	$215,132	+0.2%
Expenses	$231,302	$245,392	-0.1%
Net Income	$26,458	$-30,260	-1.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY GUTHRIE	MEMBER EMERITUS	1.00	Director	$0	$0	$0
CHRISTOPHER SMITH	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
IAN WG SAUER	MEMBER EMERITUS	1.00	Director	$0	$0	$0
RUDY WATSON	MEMBER EMERITUS	1.00	Director	$0	$0	$0
TAMMY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON SCOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDSAY WILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SEWELL	EXECUTIVE DIRECTOR	4.00	Director	$20,000	$0	$20,000
CIERRA WALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TANYA PULLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MITCHELLRN	BOARD MEMBER	1.00	Director	$0	$0	$0
YATES PARISH	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$257,760	$231,302	$213,128	$26,458
2022	$215,132	$245,392	$145,819	$-30,260
2021	$131,727	$205,941	$207,962	$-74,214
2020	$69,276	$67,592	$131,164	$1,684
2019	$209,585	$222,632	$231,593	$-13,047
2018	$138,696	$203,749	$227,747	$-65,053

TRIANGLE EDUCATIONAL ADVANCEMENT FOUNDATION