Televerde Foundation (EIN 850535332) - 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Televerde Foundation, founded in 2020, is a community nonprofit in the Crime & Legal sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 10% surplus.

Mission

PROVIDE CURRENTLY AND FORMERLY INCARCERATED WOMEN WITH THE PERSONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS NECESSARY TO SUCCESSFULLY JOIN AND ADVANCE IN THE GLOBAL WORKFORCE.

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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 $2,636,041

Program Service Revenue $34,680

Investment Income $0

Other Revenue $-39,184

TOTAL REVENUE $2,631,537

Expense Breakdown

Grants Paid $189,162

Salaries & Benefits $1,239,261

Fundraising Expenses $143,223

Program Expenses $1,867,565

Other Expenses $936,479

TOTAL EXPENSES $2,364,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,631,537	$1,254,839	+1.1%
Expenses	$2,364,902	$919,606	+1.6%
Net Income	$266,635	$335,233	-0.2%

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

403

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

$225,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CIROCCO	PRESIDENT	0.00	Officer	$193,851	$11,798	$205,649
ERIC CRAWFORD	VICE PRESIDENT OF FINANCE	0.00	Officer	$19,385	$0	$19,385
GREG SAXON	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA KAY	DIRECTOR	2.00	Director	$0	$0	$0
GREG SAXON	DIRECTOR	2.00	Director	$0	$0	$0
JIM ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
KAY KIENAST	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY BOWERS	DIRECTOR	2.00	Director	$0	$0	$0
ADRIAN PAULL	DIRECTOR	2.00	Director	$0	$0	$0
MITSI SELLERS	DIRECTOR	2.00	Director	$0	$0	$0
VINCE BARSOLO	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
BERTUS CILLIERS	TREASURER	2.00	Officer Director	$0	$0	$0
AAMNA JALAL	SECRETARY	2.00	Officer 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	$2,631,537	$2,364,902	$1,164,447	$266,635
2022	$1,254,839	$919,606	$1,355,943	$335,233
2021	$263,668	$155,287	$332,514	$108,381

Televerde Foundation