Therapy Resource Group

EIN: 862113284 501(c)(3) Education

Fort Mill, SC

Total Revenue
$533,032
Total Expenses
$300,681
Total Assets
$84,224
Net Assets
$-83,674
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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
2021
Legal Domicile
SC
Principal Officer
Nicole F Gaskins
Tax Period
2024-01-01 to 2024-12-31

Therapy Resource Group, founded in 2021, is a small nonprofit in the Education sector that reported $533K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 44% operating margin.

Mission

Counseling for underpriviledged

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,182
Program Service Revenue $422,484
Investment Income $0
Other Revenue $5,366
TOTAL REVENUE $533,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,514
Fundraising Expenses $0
Program Expenses $409,062
Other Expenses $132,167
TOTAL EXPENSES $300,681

Year-over-Year Comparison

2024 2023 Change
Revenue $533,032 $432,379 +0.2%
Expenses $300,681 $405,732 -0.3%
Net Income $232,351 $26,647 +7.7%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE F GASKINS Clinical 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 $533,032 $300,681 $84,224 $232,351
2024 $531,555 $370,970 $63,709 $160,585
2023 $432,379 $405,732 No data $26,647
2022 $324,704 $329,025 No data $-4,321
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