Triad Family Network Inc (EIN 582003177) - 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

1991

Legal Domicile

Principal Officer

Philip T Watson

Phone

3367771008

Tax Period

2024-01-01 to 2024-12-31

Triad Family Network Inc, founded in 1991, is a small nonprofit in the Religion sector that reported $676K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $784K exceeded revenue, resulting in a 16% operating deficit.

Mission

Religious and Educational Broadcasting

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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 $444,341

Program Service Revenue $191,454

Investment Income $27,135

Other Revenue $12,842

TOTAL REVENUE $675,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,014

Fundraising Expenses $11,676

Program Expenses $677,676

Other Expenses $478,920

TOTAL EXPENSES $783,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$675,772	$735,523	-0.1%
Expenses	$783,934	$759,166	+0.0%
Net Income	$-108,162	$-23,643	+3.6%

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

N/A

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

$36,000

Total Directors

$62,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip T Watson	President	30.00	Officer Director	$0	$36,000	$36,000
Donald C Shipton	Vice President	0.00	Officer Director	$0	$0	$0
Barbara Watson	Secretary	0.00	Officer Director	$0	$0	$0
Donald S Kinney	Treasurer	0.00	Officer Director	$0	$0	$0
John M Hill	Trustee	27.00	Director	$26,215	$0	$26,215
Holly W Potter	Trustee	0.00	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	$675,772	$783,934	$762,177	$-108,162
2023	$735,523	$759,166	$869,638	$-23,643
2022	$745,456	$707,558	$892,978	$37,898
2021	$726,027	$652,395	$850,551	$73,632
2020	$605,507	$604,038	$776,814	$1,469
2019	$715,864	$700,258	$775,345	$15,606
2018	$870,384	$727,311	$759,738	$143,073

Triad Family Network Inc