POLK TRAINING CENTER INC (EIN 592682430) - 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

1986

Legal Domicile

Principal Officer

JANE WEST

Phone

8639561620

Tax Period

2024-06-01 to 2025-05-31

POLK TRAINING CENTER INC, founded in 1986, is a micro nonprofit in the Employment sector that reported $97K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $156K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE EMPLOYMENT AND CONTINUAL LEARNING OPPORTUNITIES FOR ADULTS WITH DISABILITIES IN A PUBLIC ARENA; PROVIDING APPROPRIATE INSTRUCTION AND ACCOMMODATIONS TO FACILITATE SUCCESS IN INDIVIDUAL INDEPENDENCE AND COMMUNITY-WIDE SERVICE.

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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 $43,377

Program Service Revenue $37,703

Investment Income $15,670

Other Revenue $0

TOTAL REVENUE $96,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,081

Fundraising Expenses $0

Program Expenses $115,570

Other Expenses $66,283

TOTAL EXPENSES $156,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,750	$65,282	+0.5%
Expenses	$156,364	$124,903	+0.3%
Net Income	$-59,614	$-59,621	0.0%

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORA BONACIC	DIRECTOR	40.00	Officer Director	$40,000	$0	$40,000
CHERI DAWSON	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
ROBERT FRAZER	DIRECTOR	N/A	Officer Director	$0	$0	$0
JOHN STRANG	DIRECTOR	N/A	Director	$0	$0	$0
JANE WEST	PRESIDENT	N/A	Officer 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	$96,750	$156,364	$835,599	$-59,614
2024	$65,282	$124,903	$892,955	$-59,621
2023	$740,820	$134,900	$940,491	$605,920
2022	$206,224	$187,806	$370,073	$18,418
2021	$238,197	$278,396	$388,759	$-40,199
2020	$315,423	$314,921	$441,140	$502
2019	$277,776	$319,190	$418,585	$-41,414

POLK TRAINING CENTER INC