TCIG INC (EIN 872580182) - 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

2021

Legal Domicile

Principal Officer

PATRICIA GATHERS

Phone

8023933401

Tax Period

2023-01-01 to 2023-12-31

TCIG INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $616K, a strong 54% operating margin.

Mission

THE ORGANIZATION WAS FORMED AS AN ONSHORE CAPTIVE INSURANCE COMPANY TO INSURE THE RISKS OF THE CARMELITE SYSTEM.

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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 $0

Program Service Revenue $1,137,128

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,137,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $443,075

Other Expenses $521,228

TOTAL EXPENSES $521,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,137,128	$1,148,655	0.0%
Expenses	$521,228	$138,916	+2.8%
Net Income	$615,900	$1,009,739	-0.4%

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

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

$1,556,301

Total Directors

$1,556,301

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA GATHERS	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$48,935	$761,648
KAREN REICH	DIRECTOR, TREASURER AND SECRETARY (BEG JULY 2023)	1.00	Officer Director	$0	$47,870	$631,541
REBECCA HALE	VT RESIDENT DIRECTOR, ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
MOTHER MARY ROSE HEERY	DIRECTOR	1.00	Director	$0	$0	$0
LEAH KILLIAN-SMITH	DIRECTOR, TREASURER AND SECRETARY(UNTIL JULY 2023)	1.00	Officer Director	$0	$6,105	$163,112

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	$1,137,128	$521,228	$3,599,371	$615,900
2022	$1,148,655	$138,916	$2,958,345	$1,009,739
2021	$606,473	$50,345	$1,389,261	$556,128

TCIG INC