TRANSITION RESOURCE ACTION CENTER

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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

NAKIA DOUGLAS

Phone

4696874747

Tax Period

2023-01-01 to 2023-12-31

TRANSITION RESOURCE ACTION CENTER, founded in 2022, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 65% operating margin.

Mission

Connect young people ages 14-24, who are transitioning from substitute/foster care in North Texas toward self-sufficiency, with individualized support, planning and access to community services

Program Service Accomplishments

Program 1

Expenses: $569,676

TRAC provides a substantial amount of housing support when it comes to program expenses. Direct assistance to clients can include food, clothing, furniture, counseling services, IDs, etc. Program...

TRAC provides a substantial amount of housing support when it comes to program expenses. Direct assistance to clients can include food, clothing, furniture, counseling services, IDs, etc. Program expenses include storage units, online learning tools (zoom, google classroom, etc), move in kits, conference fees (travel, registration, lodging, food) for youth to attend.

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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 $1,972,679

Program Service Revenue $0

Investment Income $405

Other Revenue $0

TOTAL REVENUE $1,973,084

Expense Breakdown

Grants Paid $61,029

Salaries & Benefits $415,415

Fundraising Expenses $16,424

Program Expenses $569,676

Other Expenses $215,598

TOTAL EXPENSES $692,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,973,084	N/A	N/A
Expenses	$692,042	N/A	N/A
Net Income	$1,281,042	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

Governance

Voting Members

Independent Members

Employees

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

$41,557

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAKIA DOUGLAS-thru 92024	Executive Dir.	40.00	Officer	$39,384	$2,173	$41,557
EVY KAY WASHBURNE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MADELINE REEDY	Secretary	1.00	Officer Director	$0	$0	$0
MADELINE MCCLURE	Director	1.00	Director	$0	$0	$0
GEORGE ELLIS	Director	1.00	Director	$0	$0	$0
DAVE SHIPLEY	Director	1.00	Director	$0	$0	$0
Chris Packard-from 92024	INT. EXEC. DIR.	40.00	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	$1,973,084	$692,042	$1,709,166	$1,281,042