TARRANT SAFETY NET SUPPORT CORPORATION (EIN 823171862) - 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

Principal Officer

CRAIG BJERKE

Phone

2149691508

Tax Period

2023-09-01 to 2024-08-31

TARRANT SAFETY NET SUPPORT CORPORATION, founded in 2017, is a major nonprofit in the Health Care sector that reported $278.1M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $306.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

IMPROVE ACCESS TO & AVAILABILITY OF HEALTH CARE SERVICES FOR LOW-INCOME TARRANT CO. RESIDENTS

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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 $277,720,373

Program Service Revenue $0

Investment Income $356,354

Other Revenue $0

TOTAL REVENUE $278,076,727

Expense Breakdown

Grants Paid $304,265,299

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,265,299

Other Expenses $1,736,894

TOTAL EXPENSES $306,002,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,076,727	$207,767,694	+0.3%
Expenses	$306,002,193	$181,552,260	+0.7%
Net Income	$-27,925,466	$26,215,434	-2.1%

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

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

$1,551,908

Total Directors

$2,918,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG BJERKE	CHAIRMAN	1.00	Officer Director	$0	$165,387	$1,551,908
KATHLEEN SWEENEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CORY RHOADES	DIRECTOR	1.00	Director	$0	$136,241	$1,002,449
BILL GALINSKY	DIRECTOR	1.00	Director	$0	$25,117	$364,620
CAROL DAULTON	DIRECTOR	1.00	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	$278,076,727	$306,002,193	$3,026,156	$-27,925,466
2023	$207,767,694	$181,552,260	$30,951,288	$26,215,434
2022	$24,718,904	$24,218,678	$4,850,971	$500,226
2021	$75,814,900	$75,184,777	$4,348,601	$630,123
2020	$49,161,136	$49,276,316	$4,167,576	$-115,180
2019	$43,480,639	$42,001,149	$11,780,618	$1,479,490
2018	$27,887,340	$25,790,580	$2,250,048	$2,096,760

TARRANT SAFETY NET SUPPORT CORPORATION