TARC INC (EIN 720736593) - 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

1958

Legal Domicile

Principal Officer

MICHAEL LATINO

Phone

9853458811

Tax Period

2024-07-01 to 2025-06-30

TARC INC, founded in 1958, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TARC, INC. IS A NONPROFIT CORPORATION WHICH PROVIDES OPPORTUNITIES FOR CHILDREN AND ADULTS WITH DISABILITIES TO REALIZE THEIR FULL POTENTIAL, AND TO BECOME SELF-DIRECTED AND CONTRIBUTING CITIZENS.

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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 $150,227

Program Service Revenue $2,835,508

Investment Income $36,506

Other Revenue $204,616

TOTAL REVENUE $3,226,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,124,461

Fundraising Expenses $242,939

Program Expenses $2,907,066

Other Expenses $1,143,508

TOTAL EXPENSES $3,267,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,226,857	$3,467,832	-0.1%
Expenses	$3,267,969	$3,468,877	-0.1%
Net Income	$-41,112	$-1,045	+38.3%

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

115

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

$79,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE GIBBENS	PRESIDENT - ELECT	1.00	Officer Director	$0	$0	$0
LANCE KERN	DIRECTOR	1.00	Director	$0	$0	$0
PARKER LAYRISSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE LOFASO	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEFF LESAICHERRE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON RECOTTA	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY EARLES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CATALANOTTO	DIRECTOR	1.00	Director	$0	$0	$0
TIM REITZ	SECRETARY	1.00	Officer Director	$0	$0	$0
YVONNE VERNON	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL DIBENEDETTO	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
BEN DUTRUCH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DYKES	DIRECTOR	1.00	Director	$0	$0	$0
JOSH STANKEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LATINO	CEO	40.00	Officer	$79,775	$0	$79,775

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	$3,226,857	$3,267,969	$2,048,376	$-41,112
2024	$3,467,832	$3,468,877	$2,022,719	$-1,045
2023	$3,058,070	$3,005,184	$2,076,633	$52,886
2022	$3,416,337	$3,242,803	$2,048,265	$173,534
2021	$3,340,832	$3,395,116	$1,870,189	$-54,284
2020	$3,898,606	$3,303,526	$1,912,714	$595,080
2019	$3,231,378	$3,043,786	$1,196,262	$187,592
2018	$2,939,953	$2,895,147	$988,786	$44,806

TARC INC