Tamassee DAR School Inc (EIN 576000973) - 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

1919

Legal Domicile

Principal Officer

Jonathan Holland

Phone

8649441390

Tax Period

2024-01-01 to 2024-12-31

Tamassee DAR School Inc, founded in 1919, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $20.1M represent 96 months of operating reserves.

Mission

Tamassee DAR School, Inc. supports children and families through residential, educational, and outreach 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 $1,588,239

Program Service Revenue $94,642

Investment Income $569,137

Other Revenue $255,791

TOTAL REVENUE $2,507,809

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,512,707

Fundraising Expenses $205,651

Program Expenses $2,040,565

Other Expenses $1,075,052

TOTAL EXPENSES $2,589,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,507,809	$1,966,595	+0.3%
Expenses	$2,589,759	$2,566,985	+0.0%
Net Income	$-81,950	$-600,390	-0.9%

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

210

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

$107,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Holland	CEO	40.00	Officer	$100,757	$6,888	$107,645
David Lee Norris	Chairman	5.00	Officer Director	$0	$0	$0
Nick Bomicino	Treasurer	5.00	Officer Director	$0	$0	$0
Tracie Morris	Vice-Chairman	5.00	Officer Director	$0	$0	$0
Wendy Brott	President	5.00	Officer Director	$0	$0	$0
Martha Dyer	Secretary	5.00	Officer Director	$0	$0	$0
Allison Strange	Trustee	5.00	Director	$0	$0	$0
Sharon Braun	Trustee	5.00	Director	$0	$0	$0
Karen Busha	Trustee	5.00	Director	$0	$0	$0
Tim Engelsman	Secretary	5.00	Officer Director	$0	$0	$0
Carolyn Maddox	Trustee	5.00	Director	$0	$0	$0
George Ward	Trustee	5.00	Director	$0	$0	$0
Mary Ann Prater	Trustee	5.00	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	$2,507,809	$2,589,759	$20,277,481	$-81,950
2023	$1,966,595	$2,566,985	$20,054,098	$-600,390
2022	$1,887,106	$2,246,813	$19,502,123	$-359,707
2021	$2,379,906	$1,979,159	$22,350,266	$400,747
2020	$2,133,084	$2,676,011	$21,117,990	$-542,927
2019	$3,153,120	$3,997,631	$20,374,516	$-844,511
2018	$3,053,965	$3,684,519	$19,848,877	$-630,554

Tamassee DAR School Inc