T2L2 INC (EIN 882905638) - 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

2022

Legal Domicile

Principal Officer

Larry Solliday

Phone

8126757739

Tax Period

2025-01-01 to 2025-12-31

T2L2 INC, founded in 2022, is a small nonprofit in the Science & Technology sector that reported $335K in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Expenses of $505K exceeded revenue, resulting in a 51% operating deficit.

Mission

T2L Inc doing business as the Joint Experimentation and Technology Accelerator JETX provides a comprehensive range of services that emphasize professional consortium management to include project management and acquisition mangement support.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,808

Program Service Revenue $278,159

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,125

Fundraising Expenses $0

Program Expenses $348,730

Other Expenses $293,194

TOTAL EXPENSES $505,319

Year-over-Year Comparison

	2025	2024	Change
Revenue	$334,967	$409,682	-0.2%
Expenses	$505,319	$182,590	+1.8%
Net Income	$-170,352	$227,092	-1.8%

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

$280,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Witte	Chairman and CEO	30.00	Officer	$85,404	$0	$85,404
Larry Solliday	President and COO	10.00	Officer	$22,538	$0	$22,538
Travis Hayes	EVP	30.00	Officer	$86,137	$0	$86,137
JaNay Mills	SVP	20.00	Officer	$86,000	$0	$86,000

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
2025	$334,967	$505,319	$86,382	$-170,352
2024	$409,682	$182,590	$297,734	$227,092
2022	No data	$360	$360	No data

T2L2 INC