TRACE INC (EIN 820460224) - Form 990 Financial Analysis & Trantor Score

🔒

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

1993

Legal Domicile

Principal Officer

CHERYL HARRIS

Phone

2089394350

Tax Period

2024-01-01 to 2024-12-31

TRACE INC, founded in 1993, is a mid-sized nonprofit that reported $39.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT TO THE DISABLED

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,507,764

Investment Income $415,029

Other Revenue $42,307

TOTAL REVENUE $38,965,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,960,142

Fundraising Expenses $0

Program Expenses $38,960,056

Other Expenses $9,226,951

TOTAL EXPENSES $39,187,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,965,100	$36,405,878	+0.1%
Expenses	$39,187,093	$36,913,422	+0.1%
Net Income	$-221,993	$-507,544	-0.6%

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

1259

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

$701,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHYANN HARRIS	VICE PRESIDE	40.00	Officer	$251,730	$10,639	$262,369
RICHARD FULLILOVE	SECRETARY	40.00	Officer	$210,000	$9,989	$219,989
CHERYL HARRIS	PRESIDENT	40.00	Officer	$210,000	$9,551	$219,551

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
2025	No data	No data	No data	No data
2024	$38,965,100	$39,187,093	$22,191,999	$-221,993
2023	$36,405,878	$36,913,422	$22,422,461	$-507,544
2022	$31,425,666	$32,025,969	$23,394,156	$-600,303
2021	$27,612,315	$26,635,046	$23,369,151	$977,269
2020	$25,894,519	$26,596,701	$22,019,186	$-702,182
2019	$27,290,291	$26,249,835	$21,985,557	$1,040,456
2018	$25,967,567	$25,670,618	$21,687,101	$296,949

TRACE INC