TFalls Foundation Inc

EIN: 832649082 501(c)(3) 501(c)(3) Corporation

224 Sable Trace Drive, Acworth, GA, 30102

Total Revenue
$232,377
Total Expenses
$257,771
Total Assets
$122,142
Net Assets
$122,142

Tuckman-Chang Vulnerability Assessment

Research-Based

Academic framework for nonprofit financial sustainability (Tuckman & Chang, 1991)

Equity Deficiency
0.47
~ Moderate — 3–6 mo. reserves
Revenue Concentration
0.99
⚠ High Risk — Concentrated
Admin Flexibility
0.0%
⚠ Too Lean — No room to cut
Operating Sustainability
-10.9%
⚠ Deficit — Unsustainable
Overall Vulnerability Assessment
Based on 4 vulnerability indicators
⚠ HIGH RISK
3/4 flags
Equity deficiency (<0.25) ✓ Pass
Revenue concentration (>0.60) 🚩 Flagged
Admin too lean (<10%) 🚩 Flagged
Operating deficit (<0%) 🚩 Flagged

About: The Tuckman-Chang framework identifies four key indicators of financial vulnerability. 0 flags = low risk, 1–2 = moderate risk, 3–4 = high risk. Validated across thousands of nonprofits since 1991.

Learn more about the Tuckman-Chang methodology →

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
GA
Principal Officer
David Kirkpatrick
Phone
6787706087
Tax Period
January 2024 - December 2024

TFalls Foundation Inc is a 501(c)(3) with EIN 832649082, based in 224 Sable Trace Drive, Acworth, GA, 30102. Founded in 2019, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $232,377 in total revenue and $257,771 in total expenses, with net assets of $122,142. Its Trantor Score is 603 (Fair), reflecting its financial health based on liquidity, solvency, and operational efficiency.

Mission

TFalls is building a hopeful and prosperous future for generations of Kenyan children through the construction of high-quality educational centers.

Trantor Score

Financial Health & Payment Capacity Assessment

Score based on: Liquidity (40%), Solvency (30%), Sustainability (20%), Efficiency (10%)

603
Fair
Moderate Risk
FICO Scale: 300–850

Liquidity (40%)
0.52
+114 pts
Solvency (30%)
0.63
+103 pts
Sustainability (20%)
0.43
+47 pts
Efficiency (10%)
0.70
+38 pts
Learn more about the Trantor Score methodology →

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $231,245
Program Service Revenue $0
Investment Income $1,132
Other Revenue $0
TOTAL REVENUE $232,377

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $247,988
Other Expenses $257,771
TOTAL EXPENSES $257,771

Year-over-Year Comparison

2024 2023 Change
Revenue $232,377 $220,763 +5.3%
Expenses $257,771 $161,807 +59.3%
Net Income $-25,394 $58,956 -143.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required

Financial Health Indicators

Financial Distress Indicator (Altman Z-Score)
✓ Safe Zone — Low probability of financial distress
9.72
>2.6 safe · 1.1–2.6 gray · <1.1 distress

Learn about the Altman Z-Score methodology adapted for nonprofits →

Liquidity & Cash Position

Cash Reserve
5.2
Months of expenses covered
Cash to Assets
92.3%
Liquid asset ratio
Working Capital
$112,696
Current assets − liabilities

Solvency & Debt Position

Debt Ratio
0.0%
Liabilities / Assets (lower is better)
Debt to Net Assets
0.00
Leverage ratio

Revenue Sustainability & Diversification

Self-Sufficiency
0.0%
Program revenue / Total revenue
Donation Dependence
99.5%
Contributions / Total revenue
Revenue Concentration
99.5%
Largest source (lower = more diverse)

Operational Performance

Admin Efficiency
0.0%
Target: 10–20% is optimal
Asset Turnover
1.90x
Revenue / Assets
Expense Coverage
5.7
Months can operate w/o income
Surplus Margin
-10.9%
Net income / Revenue

Growth Indicators

Net Assets Growth
-17.2%
Year-over-year change

Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Wangondu President 4.00
Officer Director
$0 $0 $0
David Kirkpatrick Board Chair 2.00
Officer Director
$0 $0 $0
Lezlie Renee Pipes Secretary/Treasurer 2.00
Officer Director
$0 $0 $0
Sam Maguire Board Member 1.00
Director
$0 $0 $0
Paula Paglioni Board Member 1.00
Director
$0 $0 $0
Patty Turpin Board Member 1.00
Director
$0 $0 $0
Jim Maske Board Member 1.00
Director
$0 $0 $0
Timothy Muthoga Board Member 1.00
Director
$0 $0 $0
Scott Peterzell Board Member 1.00
Director
$0 $0 $0
Carolyn Abbott Board Member 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 $232,377 $257,771 $122,142 $-25,394
2023 $220,763 $161,807 $147,536 $58,956
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