TG 306 INC (EIN 721530634) - 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

2002

Legal Domicile

Principal Officer

JACLYN S WOODRING

Phone

2108214300

Tax Period

2023-01-01 to 2023-12-31

TG 306 INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $609K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $675K exceeded revenue, resulting in a 11% operating deficit.

Mission

AS A CHARITY, PROVIDES LOW-INCOME HOUSING AND RESIDENT SOCIAL AND EDUCATIONAL SERVICES.

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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 $0

Program Service Revenue $596,062

Investment Income $4,239

Other Revenue $9,074

TOTAL REVENUE $609,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,903

Fundraising Expenses $0

Program Expenses $625,874

Other Expenses $558,866

TOTAL EXPENSES $674,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,375	$556,284	+0.1%
Expenses	$674,769	$714,223	-0.1%
Net Income	$-65,394	$-157,939	-0.6%

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

N/A

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

$522,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELITA WOLF	SECRETARY	0.10	Officer Director	$0	$0	$0
CINDY BOSTON	DIRECTOR	0.10	Director	$0	$0	$0
DEBRA SMITH	ASST SEC/TREASURER	0.10	Officer Director	$0	$0	$0
EVERETT ROY	CHAIR (OUTGOING)	0.10	Officer Director	$0	$0	$0
LAMONT TAYLOR	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JACLYN S WOODRING	EXECUTIVE DIRECTOR	0.10	Officer	$6,000	$20,876	$317,976
JAMES BUTCHER	MANAGEMENT AGENT CFO	0.10	Officer	$0	$6,729	$204,819

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	No data	No data	No data	No data
2023	$609,375	$674,769	$3,347,440	$-65,394
2022	$556,284	$714,223	$3,418,868	$-157,939
2021	$264,478	$335,884	$3,585,527	$-71,406
2021	$529,475	$586,321	$3,699,237	$-56,846
2020	$538,549	$805,143	$3,777,591	$-266,594
2019	$348,929	$439,466	$3,122,403	$-90,537
2018	$467,812	$423,418	$1,590,707	$44,394

TG 306 INC