TRIANGLE RADIO READING SERVICE (EIN 581528968) - 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

1982

Legal Domicile

Principal Officer

MAY TRAN

Phone

9198325138

Tax Period

2023-07-01 to 2024-06-30

TRIANGLE RADIO READING SERVICE, founded in 1982, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO CONNECT PEOPLE WHO ARE BLIND AND PRINT IMPAIRED TO EACH OTHER, THEIR FAMILIES AND COMMUNITIES BY DELIVERING NEWS, INFORMATION AND SPECIAL PROGRAMS USING THE LATEST AUDIO TECHNOLOGY.

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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 $133,652

Program Service Revenue $0

Investment Income $6,289

Other Revenue $14,564

TOTAL REVENUE $154,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,049

Fundraising Expenses $0

Program Expenses $122,534

Other Expenses $69,448

TOTAL EXPENSES $196,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$154,505	$201,017	-0.2%
Expenses	$196,497	$189,834	+0.0%
Net Income	$-41,992	$11,183	-4.8%

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

141

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

$80,241

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG SUGGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA SIKES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM CRONIN	TREASURER	1.00	Officer Director	$0	$0	$0
BRANDON HAIR	SECRETARY	1.00	Officer Director	$0	$0	$0
DARRELL GORDON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG HAYWARD	DIRECTOR	1.00	Director	$0	$0	$0
KIM OTTEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PARRISH	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS HILL	DIRECTOR	1.00	Director	$0	$0	$0
LORI GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
MATT TOWLER	DIRECTOR	1.00	Director	$0	$0	$0
MAY N TRAN	EXECUTIVE DIRECTOR	40.00	Officer	$80,241	$0	$80,241

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	$154,505	$196,497	$250,197	$-41,992
2023	$201,017	$189,834	$294,544	$11,183
2022	$152,057	$214,159	$300,599	$-62,102
2021	$210,865	$235,358	$365,865	$-24,493
2018	$243,964	$216,285	$263,361	$27,679

TRIANGLE RADIO READING SERVICE