TRIANGLE AREA NETWORK INC (EIN 760226835) - 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

1987

Legal Domicile

Principal Officer

DENA HUGHES

Phone

4098328338

Tax Period

2023-01-01 to 2023-12-31

TRIANGLE AREA NETWORK INC, founded in 1987, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023.

Mission

TRIANGLE AREA NETWORK SERVES THE HEALTH NEEDS OF INDIVIDUALS AND FAMILIES IN OUR AREA: PROVIDE PRIMARY ,PREVENTIVE HEALTHCARE SERVICES; OPERATE IN A COST EFFECTIVE MANNER THAT ALLOWS AFFORDABLE SERVICES FOR EVERYONE;INCLUDING ADVOCACY,EDUCATION,AND CARE FOR PATIENTS.

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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 $2,307,283

Program Service Revenue $3,330,423

Investment Income $5

Other Revenue $0

TOTAL REVENUE $5,637,711

Expense Breakdown

Grants Paid $606,672

Salaries & Benefits $3,592,610

Fundraising Expenses $0

Program Expenses $5,076,641

Other Expenses $1,552,261

TOTAL EXPENSES $5,751,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,637,711	$5,888,137	0.0%
Expenses	$5,751,543	$6,441,970	-0.1%
Net Income	$-113,832	$-553,833	-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

Employees

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

$126,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE BASS	TREASURER	5.00	Officer Director	$0	$0	$0
SALLY BURMAN	MEMBER	1.00	Director	$0	$0	$0
JANA DAIGLE	MEMBER	1.00	Director	$0	$0	$0
JONATHON DIXXON	CHAIR	1.00	Officer Director	$0	$0	$0
MEL SPELL	MEMBER	1.00	Director	$0	$0	$0
DEVEN MICHAEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BENITRIS EDWARDS	MEMBER	1.00	Director	$0	$0	$0
DOUGLAS SALISBURY	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRIE SALTER	MEMBER	1.00	Director	$0	$0	$0
DENA HUGHES	EXECUTIVE DIR	40.00	Officer Highest	$126,698	$0	$126,698
CATHERINE PURSER	MEMBER	1.00	Director	$0	$0	$0
JAIMIE GRIMES	NURSE PRACTITIONER	40.00	Highest	$104,798	$0	$104,798
SHARON WHITLEY	MEMBER	1.00	Director	$0	$0	$0
KASHI BAGRI	DOCTOR	40.00	Highest	$198,250	$0	$198,250
MYESHA T CASMIRE CLIFTON	DIRECTOR OF MEDICAL SERVICES	40.00	Highest	$126,108	$0	$126,108

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	$5,637,711	$5,751,543	$2,910,507	$-113,832
2022	$5,888,137	$6,441,970	$3,121,804	$-553,833
2021	$7,135,237	$6,638,987	$2,901,219	$496,250
2020	$4,936,550	$4,712,423	$2,493,501	$224,127
2019	$3,924,899	$3,978,561	$1,971,397	$-53,662
2019	$3,924,899	$3,980,747	$1,968,743	$-55,848
2018	$3,467,961	$2,865,143	$2,118,333	$602,818

TRIANGLE AREA NETWORK INC