TOUGALOO COLLEGE RESEARCH AND DEVELOPMENT INC (EIN 823759049) - 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

JOHN ROSENTHAL

Phone

7036242257

Tax Period

2024-01-01 to 2024-12-31

TOUGALOO COLLEGE RESEARCH AND DEVELOPMENT INC, founded in 2016, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 33% operating deficit.

Mission

SUPPORT THE RESEARCH AND DEVELOPMENT MISSION OF TOUGALOO COLLEGE AND OTHER HISTORICALLY BLACK COLLEGES AND UNIVERSITIES BY FORMING AND MANAGING RESEARCH AND CONTRACT PARTNERSHIPS RESEARCH ENTITIES THAT CONDUCT A SUBSTANTIAL AMOUNT OF FEDERAL RESEARCH AND CONTRACTS.

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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 $207,510

Program Service Revenue $1,061,144

Investment Income $854

Other Revenue $0

TOTAL REVENUE $1,269,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,166

Fundraising Expenses $0

Program Expenses $1,644,054

Other Expenses $1,149,553

TOTAL EXPENSES $1,690,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,269,508	$689,992	+0.8%
Expenses	$1,690,719	$622,503	+1.7%
Net Income	$-421,211	$67,489	-7.2%

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

$681,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT & CEO	50	Officer Highest	$228,645	$0	$228,645
N/A	CHIEF ADMINISTRATIVE OFFICER	30	Officer	$84,000	$50,000	$134,000
N/A	CHIEF OPERATING OFFICER	40	Officer Highest	$129,970	$0	$129,970
FAITH JOHNSON	SECRETARY	30	Officer	$82,552	$45,000	$127,552
JANA WILLIAMS	TREASURER	20	Officer	$16,000	$45,000	$61,000

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	$1,269,508	$1,690,719	$735,800	$-421,211
2023	$689,992	$622,503	$1,109,495	$67,489
2022	$494,822	$529,222	$1,044,846	$-34,400
2021	$360,514	$313,401	$1,070,915	$47,113

TOUGALOO COLLEGE RESEARCH AND DEVELOPMENT INC