TAX CREDIT BENEVOLENT ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

PHILIP D ESTEP

Phone

3148621414

Tax Period

2023-01-01 to 2023-12-31

TAX CREDIT BENEVOLENT ASSOCIATION, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 100% operating margin.

Mission

TO ASSIST USERS OF STATE TAX CREDIT PROGRAMS ("STATE TAX CREDITS"), PASSED BY STATE LEGISLATURES TO AWARD TAX INCENTIVES THAT ENCOURAGE INVESTMENT IN ACTIVITIES WITH SOCIAL, CULTURAL, ENVIRONMENTAL, AND ECONOMIC BENEFITS. THE PUBLIC PURPOSE OF STATE TAX CREDITS IS TO BENEFIT THE HEALTH AND WELFARE OF SOCIETY IN MANY WAYS, INCLUDING, BUT NOT LIMITED TO: JOBS CREATION, LOW INCOME HOUSING, SENIOR HOUSING, BROWNFIELDS, AGRICULTURE, FILM PRODUCTION, HISTORIC PRESERVATION, AND SOLAR, WIND, BIOMASS, HYDRO, AND GEOTHERMAL ENERGY. STATE TAX CREDIT PROGRAMS ARE TECHNICAL AND COMPLEX, AND TCBA SHALL HELP USERS APPLY FOR, EARN, AND MONETIZE TAX CREDITS, AND COMPLY WITH LONG-TERM REQUIREMENTS. TCBA'S EDUCATIONAL ACTIVITIES WILL HELP RELIEVE THE GOVERNMENTAL BURDEN OF ADMINISTERING STATE TAX CREDITS BY FACILITATING AND EXPEDITING PROPER USE OF STATE TAX CREDIT PROGRAMS.

Program Service Accomplishments

Program 1

TCBA PROVIDES EDUCATIONAL ADVISORY SERVICES TO USERS AND RECIPIENTS OF STATE TAX CREDITS TO HELP CONCEIVE, PLAN, STRUCTURE, APPLY FOR, AND COMPLY WITH PROGRAMS THAT STATE LEGISLATURES HAVE DULY...

TCBA PROVIDES EDUCATIONAL ADVISORY SERVICES TO USERS AND RECIPIENTS OF STATE TAX CREDITS TO HELP CONCEIVE, PLAN, STRUCTURE, APPLY FOR, AND COMPLY WITH PROGRAMS THAT STATE LEGISLATURES HAVE DULY PASSED INTO LAW TO ENCOURAGE INVESTMENT IN ACTIVITIES DEEMED TO POSSESS SOCIAL, CULTURAL, ENVIRONMENTAL, AND ECONOMIC BENEFITS FOR THEIR CITIZENS. APPLYING TCBA'S EXPERTISE IN TAX CREDITS CONSTITUTES SUBSTANTIAL EDUCATIONAL GUIDANCE THAT ENABLES PROJECTS AND ACTIVITIES TO SUCCESSFULLY QUALIFY FOR AND BENEFIT FROM THESE INCENTIVES GRANTED BY STATE GOVERNMENTS. TCBA'S EDUCATIONAL ADVISORY SERVICES ARE ITS CORE ACTIVITY THAT DIRECTLY BENEFITS TAX CREDIT RECIPIENTS AND PUBLIC POLICY OF THE STATE TAX CREDIT PROGRAMS. IN ADDITION TO PROVIDING ASSISTANCE TO TAX CREDIT RECIPIENTS, FACILITATING AND EXPEDITING PROPER USE OF THE TAX CREDIT PROGRAM, TCBA'S ADVISORY ASSISTANCE WILL THEREBY HELP RELIEVE THE GOVERNMENTAL BURDEN OF ADMINISTERING STATE TAX CREDIT PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,284,210

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,284,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,911

TOTAL EXPENSES $5,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,284,210	$709,695	+0.8%
Expenses	$5,911	$6,922	-0.1%
Net Income	$1,278,299	$702,773	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP D ESTEP	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELISE L WESTWOOD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MARY H CARPENTER	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$1,284,210	$5,911	$2,534,284	$1,278,299
2022	$709,695	$6,922	$1,255,985	$702,773
2021	$550,000	$279	$553,212	$549,721