Friends of TIMA Inc

EIN: 921753364 501(c)(3) Education

Tybee Island, GA

Total Revenue
$48,184
Total Expenses
$30,404
Total Assets
$608,680
Net Assets
$608,180
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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
GA
Principal Officer
Laura Solomon
Phone
7579712434
Tax Period
2024-07-01 to 2025-06-30

Friends of TIMA Inc, founded in 2022, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 37% operating margin.

Mission

To support Tybee Island Maritime Academy and hold assets for the school's benefit.

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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 (2024)

Revenue Breakdown

Contributions & Grants $48,184
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $48,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,404
Other Expenses $30,404
TOTAL EXPENSES $30,404

Year-over-Year Comparison

2024 2023 Change
Revenue $48,184 $90,400 -0.5%
Expenses $30,404 N/A N/A
Net Income $17,780 $90,400 -0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Solomon President 1.00
Officer Director
$0 $0 $0
Brigitte VanBaelen Vice Chair 1.00
Officer Director
$0 $0 $0
Cara Cole Treasurer 1.00
Officer Director
$0 $0 $0
Rachel Davies Secretary 1.00
Officer 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
2025 $48,184 $30,404 $608,680 $17,780
2024 $90,400 No data $590,400 No data
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