TSM TRAINING INSTITUTE INC

EIN: 873790349 501(c)(3) Education

Lawrence, MA

Total Revenue
$709,368
Total Expenses
$378,991
Total Assets
$350,077
Net Assets
$330,377
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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
MA
Principal Officer
TERIKA SMITH
Tax Period
2023-01-01 to 2023-12-31

TSM TRAINING INSTITUTE INC, founded in 2021, is a small nonprofit in the Education sector that reported $709K in total revenue in fiscal year 2023. The organization ran a surplus of $330K, a strong 47% operating margin.

Mission

The vision of the TSM Training Institute is to become the leading alternative education training center in New England and beyond. By providing skills and knowledge necessary to obtain living wage jobs in a variety of career paths and by partnering with local employers, governmen

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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 (2023)

Revenue Breakdown

Contributions & Grants $709,368
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $709,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,888
Fundraising Expenses $0
Program Expenses $378,991
Other Expenses $125,103
TOTAL EXPENSES $378,991

Year-over-Year Comparison

2023 2022 Change
Revenue $709,368 N/A N/A
Expenses $378,991 N/A N/A
Net Income $330,377 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
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERIKA SMITH PRESIDENT 75.00
Officer
$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 $709,368 $378,991 $350,077 $330,377
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