TWIN OAKS JUVENILE DEVELOPMENT INC (EIN 593512790) - 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

1998

Legal Domicile

Principal Officer

BENJIMAN READ

Phone

8506437768

Tax Period

2024-07-01 to 2025-06-30

TWIN OAKS JUVENILE DEVELOPMENT INC, founded in 1998, is a mid-sized nonprofit in the Crime & Legal sector that reported $40.9M in total revenue in fiscal year 2024. Expenses of $45.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE REHABILITATION AND EDUCATION SERVICES TO MINORS UNDER THE RESIDENTIAL AND OUTPATIENT JUVENILE JUSTICE FACILITIES. THESE SERVICES ARE PROVIDED IN A UNIQUE SETTING AND WITH A BALANCED APPROACH TO LEAD TO SUCCCESSFUL AND SAFE INTEGRATION OF THE YOUTH INTO FAMILY AND COMMUNITY.

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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 $25,484,271

Program Service Revenue $15,413,668

Investment Income $663

Other Revenue $26,820

TOTAL REVENUE $40,925,422

Expense Breakdown

Grants Paid $88,239

Salaries & Benefits $29,039,711

Fundraising Expenses $0

Program Expenses $35,783,360

Other Expenses $16,246,160

TOTAL EXPENSES $45,374,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,925,422	$42,075,173	0.0%
Expenses	$45,374,110	$44,604,821	+0.0%
Net Income	$-4,448,688	$-2,529,648	+0.8%

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

N/A

Employees

839

Volunteers

175

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

$1,413,259

Total Directors

$1,032,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD B READ	CEO AND DIRECTOR	30.00	Officer Director	$0	$16,341	$376,341
VENISHA BUCHANON	PROGRAM DIRECTOR AND DIREC	60.00	Officer Director	$101,665	$6,050	$107,715
DAVID READ	PROGRAM DIRECTOR AND DIREC	60.00	Officer Director	$122,269	$0	$189,469
CHARLES CHERVANIK	COO AND DIRECTOR	60.00	Officer Director	$132,829	$7,800	$152,629
B DAYNE READ	CFO AND DIRECTOR	30.00	Officer Director	$13,819	$6,657	$206,476
BENJIMAN D READ	SECRETARY	30.00	Officer	$12,829	$7,800	$380,629
KEVIN KIDD	PROGRAM DIRECTOR BGC	50.00	Highest	$140,000	$6,000	$146,000
ERIC COLVIN	PLANT MANAGER TOFI	50.00	Highest	$115,000	$0	$115,000
WILLIAM SCOTT	EDUCATION DIRECTOR	50.00	Highest	$115,000	$6,000	$121,000
MARIO GARCIA	PROGRAM DIRECTOR AFYC	50.00	Highest	$115,000	$6,000	$121,000

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	$40,925,422	$45,374,110	$9,152,672	$-4,448,688
2024	$42,075,173	$44,604,821	$10,266,355	$-2,529,648
2023	$39,592,310	$39,091,013	$12,169,890	$501,297
2022	$29,397,799	$30,777,041	$8,833,338	$-1,379,242
2021	$25,095,147	$23,226,275	$5,245,543	$1,868,872
2020	$21,217,592	$22,050,062	$5,461,899	$-832,470
2019	$21,400,704	$21,806,702	$4,260,838	$-405,998
2018	$24,853,999	$23,012,112	$3,823,611	$1,841,887

TWIN OAKS JUVENILE DEVELOPMENT INC