FLOYD TRAINING & SERVICE CENTER INC (EIN 581132224) - 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

1972

Legal Domicile

Principal Officer

Richard Hammond

Phone

7062355109

Tax Period

2024-07-01 to 2025-06-30

FLOYD TRAINING & SERVICE CENTER INC, founded in 1972, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 4% surplus.

Mission

A PLACE FOR THE CARING AND TRAINING OF THE MENTALLY DISABLED

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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 $1,349,979

Program Service Revenue $23,786

Investment Income $1,154

Other Revenue $2,677

TOTAL REVENUE $1,377,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,169

Fundraising Expenses $0

Program Expenses $1,100,455

Other Expenses $387,101

TOTAL EXPENSES $1,320,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,377,596	$1,280,463	+0.1%
Expenses	$1,320,270	$1,241,050	+0.1%
Net Income	$57,326	$39,413	+0.5%

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

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

$66,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	2.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	PRESIDENT	2.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
SARA JONES	EXECUTIVE DIRECTOR	40.00	Key Emp	$66,950	$0	$66,950

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	$1,377,596	$1,320,270	$720,262	$57,326
2024	$1,280,463	$1,241,050	$663,071	$39,413
2023	$1,365,956	$1,281,047	$592,591	$84,909
2022	$1,176,516	$1,212,163	$535,333	$-35,647
2021	$917,823	$1,102,250	$557,364	$-184,427
2020	$972,505	$1,117,437	$567,818	$-144,932
2019	$1,061,272	$1,068,191	$545,074	$-6,919

FLOYD TRAINING & SERVICE CENTER INC