TRIANGLE CHARTER EDUCATION ASSOCIATION INC (EIN 901031905) - 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

2013

Legal Domicile

Principal Officer

MARTIN CONWAY

Phone

9198708763

Tax Period

2022-07-01 to 2023-06-30

TRIANGLE CHARTER EDUCATION ASSOCIATION INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $18.2M in total revenue in fiscal year 2022.

Mission

THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,480,021

Program Service Revenue $606,584

Investment Income $0

Other Revenue $74,132

TOTAL REVENUE $18,160,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,264,444

Fundraising Expenses $0

Program Expenses $11,838,476

Other Expenses $11,417,513

TOTAL EXPENSES $18,681,957

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,160,737	$17,804,747	+0.0%
Expenses	$18,681,957	$18,030,777	+0.0%
Net Income	$-521,220	$-226,030	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN CONWAY	PRESIDENT/CHAIR	2.00	Officer Director	$0	$0	$0
DAVE EDWARDS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KIM NORCROSSE	SECRETARY	2.00	Officer Director	$0	$0	$0
IVONNE REED	DIRECTOR	2.00	Director	$0	$0	$0
MARCUS BRANDON	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$18,160,737	$18,681,957	$34,519,295	$-521,220
2022	$17,804,747	$18,030,777	$23,342,230	$-226,030
2021	$15,148,719	$15,468,303	$23,775,884	$-319,584
2020	$8,864,608	$9,566,449	$10,387,317	$-701,841
2019	$8,340,327	$8,951,826	$11,305,189	$-611,499
2018	$8,787,365	$9,423,650	$12,272,143	$-636,285

TRIANGLE CHARTER EDUCATION ASSOCIATION INC