TWOCOR PROJECTS

EIN: 721566504 501(c)(3)

COLORADO SPRINGS, CO

Total Revenue
$256,201
Total Expenses
$853,559
Total Assets
N/A
Net Assets
N/A
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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
CO
Principal Officer
JAMES HINKLE
Phone
7194255424
Tax Period
2020-07-01 to 2021-05-31

TWOCOR PROJECTS, founded in 2002, is a small nonprofit that reported $256K in total revenue in fiscal year 2020. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $854K exceeded revenue, resulting in a 233% operating deficit.

Mission

TWOCOR PROVIDES VOCATIONAL AND COUNSELING SERVICES TO MALE AND FEMALE YOUTHS WHO HAVE HAD LEGAL AND MENTAL HEALTH CONCERNS.

Program Service Accomplishments

Program 1
Expenses: $441,870 Revenue: $73,352

THE VOCATIONAL PROGRAM PROVIDES CONSTRUCTION, AUTO MAINTENANCE, PLUMBING AND OTHER VOCATIONAL SKILLS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $201,920
Program Service Revenue $73,352
Investment Income $-27,106
Other Revenue $8,035
TOTAL REVENUE $256,201

Expense Breakdown

Grants Paid $72,983
Salaries & Benefits $604,120
Fundraising Expenses $369
Program Expenses $441,870
Other Expenses $176,456
TOTAL EXPENSES $853,559

Year-over-Year Comparison

2020 2019 Change
Revenue $256,201 $1,183,689 -0.8%
Expenses $853,559 $1,129,672 -0.2%
Net Income $-597,358 $54,017 -12.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
38
Volunteers
10

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
5
$99,533
Total Directors
9
$99,533
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN ELLIS PRESIDENT 2.00
Officer Director
$0 $0 $0
JOEL RIETH VICE PRESIDE 2.00
Officer Director
$0 $0 $0
DAVID BUCKLEY TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT MCBRIDE SECRETARY 2.00
Officer Director
$0 $0 $0
BRENDA HEIMBACH MEMBER 1.00
Director
$0 $0 $0
JIM MARQUART MEMBER 1.00
Director
$0 $0 $0
LARETTA WILLIAMS MEMBER 1.00
Director
$0 $0 $0
JOHN STONE MEMBER 1.00
Director
$0 $0 $0
JAMES HINKLE EXECUTIVE DI 40.00
Officer Director
$99,533 $0 $99,533
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
2021 $256,201 $853,559 No data $-597,358
2020 $1,183,689 $1,129,672 $626,948 $54,017
2019 $1,170,830 $1,097,461 $579,619 $73,369
2018 $1,132,667 $1,052,368 $494,462 $80,299
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