Tower Street Center Inc (EIN 934964518) - 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

2024

Legal Domicile

Phone

4013879622

Tax Period

2024-01-01 to 2024-12-31

Tower Street Center Inc, founded in 2024, is a small nonprofit in the Human Services sector that reported $388K in total revenue in fiscal year 2024. Expenses of $372K left a modest 4% surplus.

Mission

Tower Street Center will be a new innovative community center for Westerly. It will be a place that combines health and wellness education childcare and recreation under one roof. It will be a place that addresses the needs of children families and the workforce with a range of integrated services. It will be a place where Westerly creates community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $388,265

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $388,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $83,469

Program Expenses $184,664

Other Expenses $371,554

TOTAL EXPENSES $371,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,265	N/A	N/A
Expenses	$371,554	N/A	N/A
Net Income	$16,711	$0	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

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
Nicolas Moore	President and Board Chair	2.00	Officer	$0	$0	$0
Donald Frink	Treasurer	2.00	Officer	$0	$0	$0
Alison Croke	Secretary	1.00	Officer	$0	$0	$0
Dennis Algiere	Director	2.00	Director	$0	$0	$0
Mark Garcceau	Director	1.00	Director	$0	$0	$0
Shawn Lacey	Director	1.00	Director	$0	$0	$0
Charles Royce	Director	1.00	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	$388,265	$371,554	$55,508	$16,711

Tower Street Center Inc