Turnaround Tuesday Inc

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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

2018

Legal Domicile

Principal Officer

RONALD R PETERSON

Phone

4437088034

Tax Period

2023-01-01 to 2023-12-31

Turnaround Tuesday Inc, founded in 2018, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 51% operating margin.

Mission

TO PREPARE, TRAIN, AND CONNECT "RETURNING", UNEMPLOYED, AND UNDEREMPLOYED CITIZENS TO LIVING WAGE JOBS AND TO BUILD A VIBRANT PUBLIC LIFE.

Program Service Accomplishments

Program 1

Expenses: $952,111 Revenue: $3,325,174

IN 2023, IN CARRYING OUT THE ORGANIZATION'S MISSION, TURNAROUND TUESDAY HELD NUMEROUS TRAINING SESSIONS AND ESSENTIAL SKILLS COURSES, SERVING 410 PARTICIPANTS AND PLACING 242 PARTICIPANTS IN LIVEABLE WAGE JOBS. TAT ALSO PARTNERED WITH LOCAL COMMUNITY HEALTHCARE ORGANIZATIONS TO PROVIDE TRAINING AND SUPPORT.

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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 $3,325,174

Program Service Revenue $0

Investment Income $23,826

Other Revenue $35,656

TOTAL REVENUE $3,384,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,068,144

Fundraising Expenses $0

Program Expenses $952,111

Other Expenses $579,566

TOTAL EXPENSES $1,647,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,384,656	$1,026,639	+2.3%
Expenses	$1,647,710	$1,199,960	+0.4%
Net Income	$1,736,946	$-173,321	-11.0%

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

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

$55,420

Total Directors

$154,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELVIN WILSON	Director	40.00	Director	$134,072	$20,111	$154,183
TERRELL WILLIAMS	Director	40.00	Officer	$48,188	$7,232	$55,420
RONALD R PETERSON	Chairman	2.00	Officer Director	$0	$0	$0
JOANNE STANTON	Vice President	2.00	Officer Director	$0	$0	$0
PHIL FARFEL	Secretary	2.00	Officer Director	$0	$0	$0
MARTIN KING	Treasurer	2.00	Officer Director	$0	$0	$0
MARSHALL PRENTICE	Chairman	2.00	Officer Director	$0	$0	$0
PETER BAIN	Director	0.00	Director	$0	$0	$0
REDONDA MILLER	Director	0.00	Director	$0	$0	$0
DEBORAH WINSTON	Director	0.00	Director	$0	$0	$0
GEORGE HOPKINS	Director	0.00	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	No data	No data	No data	No data
2023	$3,384,656	$1,647,710	$1,554,007	$1,736,946
2022	$1,026,639	$1,199,960	$1,073,497	$-173,321
2021	$791,310	$1,046,649	$394,651	$-255,339
2020	$399,116	$293,077	$252,975	$106,039