TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS INC (EIN 561861158) - 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

1992

Legal Domicile

Principal Officer

KEITH ARTIN

Phone

9194191059

Tax Period

2023-07-01 to 2024-06-30

TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS INC, founded in 1992, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2023. The organization ran a surplus of $4.2M, a strong 15% operating margin.

Mission

TROSA IS A MULTI-YEAR RESIDENTIAL PROGRAM TO EMPOWER PEOPLE WITH SUBSTANCE USE DISORDERS TO BE PRODUCTIVE, RECOVERING INDIVIDUALS BY PROVIDING COMPREHENSIVE TREATMENT, VOCATIONAL TRAINING, EDUCATION & CONTINUING CARE.

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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 $16,859,490

Program Service Revenue $10,356,327

Investment Income $453,890

Other Revenue $17,226

TOTAL REVENUE $27,686,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,518,609

Fundraising Expenses $624,898

Program Expenses $21,898,225

Other Expenses $16,942,415

TOTAL EXPENSES $23,461,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,686,933	$26,700,434	+0.0%
Expenses	$23,461,024	$23,660,005	0.0%
Net Income	$4,225,909	$3,040,429	+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

232

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

$660,157

Total Directors

$189,895

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH ARTIN	PRESIDENT/CE	40.00	Officer Director	$163,086	$26,809	$189,895
MICHAEL KEENE	VP OF OPERAT	40.00	Officer	$146,004	$30,570	$176,574
KIM CHAMBERS	CFO/TREASURE	40.00	Officer	$117,475	$38,878	$156,353
KEVIN MCDONALD	FOUNDER & EM	40.00	Highest	$118,232	$25,986	$144,218
MORGAN WHALEY	CDO/SECRETAR	40.00	Officer	$109,630	$27,705	$137,335
KAREN KELLEY	CPO	40.00	Highest	$113,506	$22,531	$136,037
KRISTEN ROSSELLI	COO	40.00	Highest	$111,032	$23,804	$134,836
GREG BRITZ	DIRECTOR	1.00	Director	$0	$0	$0
DAMIAN BEAUCHAMP	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
TIA JONES	BOARD CHAIR	1.00	Director	$0	$0	$0
FRAN MAUNEY	DIRECTOR	1.00	Director	$0	$0	$0
FELIX MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE MITCHELL-ANTOINE	DIRECTOR	1.00	Director	$0	$0	$0
BILL O'BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
PETER OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
HASSAN PINTO	DIRECTOR	1.00	Director	$0	$0	$0
JINKY ROSSELLI	DIRECTOR	1.00	Director	$0	$0	$0
STRAN SUMMERS	DIRECTOR	1.00	Director	$0	$0	$0
TAD VANDUSEN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$27,686,933	$23,461,024	$53,796,068	$4,225,909
2023	$26,700,434	$23,660,005	$53,982,608	$3,040,429
2022	$30,465,979	$21,707,494	$52,469,529	$8,758,485
2021	$22,972,131	$18,211,408	$30,334,921	$4,760,723
2020	$21,496,103	$19,853,308	$27,271,165	$1,642,795
2019	$21,543,972	$18,504,909	$24,922,749	$3,039,063

TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS INC