TERRAPHASE ENGINEERING AND SCIENCE… - Form 990 Financial Data

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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

Principal Officer

BILL CARSON

Phone

5106451850

Tax Period

2024-01-01 to 2024-12-31

TERRAPHASE ENGINEERING AND SCIENCE SCHOLARSHIP FOUNDATION, founded in 2020, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $250K represent 72 months of operating reserves.

Mission

TO PROMOTE AND SUPPORT EXCELLENCE IN SCIENCE AND ENGINEERING ACADEMICS TO STUDENTS FROM URBAN COMMUNITIES PURSUING CAREERS IN THE ENVIRONMENTAL INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $40,000

SCHOLARSHIPS WILL BE GIVEN TO HIGH SCHOOL STUDENTS IN URBAN COMMUNITIES AND WHO HAD AN INTEREST IN AND INTEND TO STUDY AND MAJOR IN ENGINEERING AND/OR ENVIRONMENTAL SCIENCES AT A FOUR-YEAR COLLEGE OR...

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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 $41,895

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,895

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,000

Other Expenses $1,895

TOTAL EXPENSES $41,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,895	$32,125	+0.3%
Expenses	$41,895	$32,125	+0.3%
Net Income	$0	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CARSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
HANK GALINDO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS VOCI	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTIN HELMKE	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW BORDEN	BOARD MEMBER	0.50	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	$41,895	$41,895	$250,000	No data
2023	$32,125	$32,125	$250,000	No data
2022	$23,354	$23,354	$250,000	No data
2021	$5,940	$2,650	$250,000	$3,290
2020	$250,000	$3,290	$250,000	$246,710

TERRAPHASE ENGINEERING AND SCIENCE SCHOLARSHIP FOUNDATION