TRUE COSTS INITIATIVE INC (EIN 813796649) - 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

2016

Legal Domicile

Principal Officer

CONNIEL MALEK

Phone

8572931660

Tax Period

2024-01-01 to 2024-12-31

TRUE COSTS INITIATIVE INC, founded in 2016, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 8% surplus.

Mission

TRUE COSTS INITIATIVE (TCI) SEEKS TO INCREASE CORPORATE ACCOUNTABILITY AND TO STRENGTHEN LEGAL SYSTEMS IN THE GLOBAL SOUTH BY DRIVING COLLABORATION AMONG COMMUNITIES, FUNDERS, AND CREATIVE LEADERS IN AN EFFORT TO TIP THE BALANCE SO CORPORATIONS ARE HELD ACCOUNTABLE FOR AND INTERNALIZE THE TRUE ENVIRONMENTAL AND HUMAN COSTS OF THEIR ACTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,228,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,228,000

Expense Breakdown

Grants Paid $1,230

Salaries & Benefits $928,599

Fundraising Expenses $2,114

Program Expenses $809,084

Other Expenses $199,485

TOTAL EXPENSES $1,129,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,228,000	$1,135,000	+0.1%
Expenses	$1,129,314	$1,071,401	+0.1%
Net Income	$98,686	$63,599	+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

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

$325,318

Total Directors

$325,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIEL MALEK	EXECUTIVE DIRECTOR	50.00	Officer Director	$286,097	$39,221	$325,318
HASHIM BELLO	BOARD CHAIR/DIRECTOR	0.50	Officer Director	$0	$0	$0
MIHIR MUNSHI	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
SHUSHANNA MIGNOTT	DIRECTOR	0.50	Director	$0	$0	$0
PEGGY CHU	DIRECTOR OF OPERATIONS	40.00	Highest	$135,866	$15,658	$151,524
NITTAYA SAENBUT	PROGRAM DIRECTOR	40.00	Highest	$120,006	$19,097	$139,103

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	$1,228,000	$1,129,314	$309,972	$98,686
2023	$1,135,000	$1,071,401	$212,147	$63,599
2022	$936,012	$864,880	$134,689	$71,132
2021	$496,516	$629,245	$58,877	$-132,729
2020	$468,787	$371,409	$188,208	$97,378
2019	$308,787	$374,503	$90,830	$-65,716

TRUE COSTS INITIATIVE INC