TURNAROUND RESOURCE CENTER INC (EIN 822816043) - 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

2017

Legal Domicile

Phone

2704651042

Tax Period

2024-01-01 to 2024-12-31

TURNAROUND RESOURCE CENTER INC, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $420K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $106K, a strong 25% operating margin.

Mission

TO ASSIST PEOPLE IN THE LEBANON JUNCTION AND SURROUNDING COMMUNITIES.

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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 $306,276

Program Service Revenue $0

Investment Income $23,912

Other Revenue $90,040

TOTAL REVENUE $420,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,188

Fundraising Expenses $0

Program Expenses $314,429

Other Expenses $274,241

TOTAL EXPENSES $314,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,228	$2,027,167	-0.8%
Expenses	$314,429	$2,065,315	-0.8%
Net Income	$105,799	$-38,148	-3.8%

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

N/A

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

Total Directors

$36,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA R MANESS	Executive Dir.	60.00	Director	$36,217	$0	$36,217
WILLIAM FORBIS	BOARD MEMBER	10.00	Director	$0	$0	$0
ROLAND REEDER	BOARD MEMBER	10.00	Director	$0	$0	$0
GLORA RODGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDSAY RAYMER	BOARD MEMBER	10.00	Director	$0	$0	$0
CHRIS BOGACKE	BOARD MEMBER	10.00	Director	$0	$0	$0
DEBRA BROWN	Vice President	25.00	Officer	$0	$0	$0
SONIA HIBBARD	Secretary	10.00	Officer	$0	$0	$0
DAVID GEARY	President	5.00	Officer	$0	$0	$0
VERA DUKE	Treasurer	10.00	Officer	$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	$420,228	$314,429	$445,595	$105,799
2023	$2,027,167	$2,065,315	$338,604	$-38,148
2022	$344,828	$167,452	$376,752	$177,376
2020	$279,808	$95,005	$185,401	$184,803

TURNAROUND RESOURCE CENTER INC