TEK CENTER INC

EIN: 871826793 501(c)(3) Education

Martin, KY

Total Revenue
$1,078,939
Total Expenses
$758,243
Total Assets
$1,081,846
Net Assets
$935,338
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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
2022
Legal Domicile
KY
Phone
6067916969
Tax Period
2024-01-01 to 2024-12-31

TEK CENTER INC, founded in 2022, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $321K, a strong 30% operating margin.

Mission

To provide skilled trades training.

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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 $1,072,441
Program Service Revenue $6,498
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,078,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $446,685
Fundraising Expenses $0
Program Expenses $604,730
Other Expenses $311,558
TOTAL EXPENSES $758,243

Year-over-Year Comparison

2024 2023 Change
Revenue $1,078,939 N/A N/A
Expenses $758,243 N/A N/A
Net Income $320,696 N/A 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

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Governance

Voting Members
3
Independent Members
3
Employees
7
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
5
$0
Key Employees
2
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINA ROSE DIRECTOR 0.00
Director
$0 $0 $0
JERRY FULTZ DIRECTOR 0.00
Director
$0 $0 $0
PATRICIA ADAMS Member 0.00
Director
$0 $0 $0
JENI MEYER Member 0.00
Director
$0 $0 $0
JEANIA PERRY Member 0.00
Director
$0 $0 $0
EARNEST REYNOLDS Jr Key employee 0.00
Key Emp
$0 $0 $0
TIMOTHY FANNIN Key employee 0.00
Key Emp
$0 $0 $0
ANGELA REYNOLDS President 0.00
Highest
$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 $1,078,939 $758,243 $1,081,846 $320,696
2023 $1,148,357 $670,146 $623,675 $478,211
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