Transitional Learning Center at Galveston (EIN 760051888) - 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

1982

Legal Domicile

Principal Officer

Mr Jeff Eppinette

Phone

4097626661

Tax Period

2023-09-01 to 2024-08-31

Transitional Learning Center at Galveston, founded in 1982, is a mid-sized nonprofit in the Mental Health sector that reported $23.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $66.9M represent 34 months of operating reserves.

Mission

See IRS form 990, Part III, line 1.

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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 $5,938,648

Program Service Revenue $16,722,939

Investment Income $578,443

Other Revenue $210,773

TOTAL REVENUE $23,450,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,361,931

Fundraising Expenses $0

Program Expenses $20,220,687

Other Expenses $7,467,269

TOTAL EXPENSES $24,829,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,450,803	$18,232,653	+0.3%
Expenses	$24,829,200	$19,850,552	+0.3%
Net Income	$-1,378,397	$-1,617,899	-0.1%

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

Governance

Voting Members

Independent Members

Employees

329

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

$422,219

Total Directors

$173,168

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Jeff Eppinette	CEO/CFO/Tres.	35.00	Officer	$311,037	$47,191	$358,228
John Woods	Chief Op. Officer	40.00		$147,756	$25,574	$173,330
Bethany Alsobrook	Chief HR Officer	40.00		$129,922	$41,473	$171,395
Lori Stacks	Chief Clinical Off	40.00		$158,942	$5,834	$164,776
Ms Bridgette Newman	Board Secretary	39.00	Officer	$50,384	$13,607	$63,991
Mr Stefan Stamoulis	Dir. - Chairman	1.00	Director	$24,168	$0	$24,168
Mrs Frances Moody Dahlberg	Director	1.00	Director	$18,000	$0	$23,000
Mr Jack Moody	Director	1.00	Director	$18,000	$0	$18,000
Mr Stephen Glasgow	Director	1.00	Director	$18,000	$0	$18,000
Mr Russell Moody	Dir. - V. Chair	1.00	Director	$18,000	$0	$18,000
Mr Elvin J Pederson	Director	1.00	Director	$18,000	$0	$18,000
Dr Tom Blackwell	Director	1.00	Director	$18,000	$0	$18,000
Mr Charles D Milos	Director	1.00	Director	$18,000	$0	$18,000
Ms Frances Moody Buzbee	Director	1.00	Director	$18,000	$0	$18,000
Mr Ross Moody	Director	1.00	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
2024	$23,450,803	$24,829,200	$75,535,804	$-1,378,397
2023	$18,232,653	$19,850,552	$72,093,356	$-1,617,899
2022	$27,057,858	$17,898,715	$72,539,620	$9,159,143
2021	$37,548,460	$18,443,397	$63,180,066	$19,105,063
2020	$18,790,076	$19,143,757	$42,884,425	$-353,681
2019	$27,785,853	$15,123,896	$42,763,030	$12,661,957
2018	$17,387,726	$16,077,164	$30,070,440	$1,310,562

Transitional Learning Center at Galveston