TORCH FOUNDATION (EIN 954816158) - 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

2002

Legal Domicile

Principal Officer

JANE WANG GARZONA

Phone

4242580188

Tax Period

2023-01-01 to 2023-12-31

TORCH FOUNDATION, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 199% operating deficit.

Mission

TRANSFORMATIONAL TRAINING FOR UNDER-PRIVILEGED TEENS.

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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 $116,284

Program Service Revenue $0

Investment Income $24,625

Other Revenue $21,571

TOTAL REVENUE $162,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,640

Fundraising Expenses $20

Program Expenses $225,559

Other Expenses $221,015

TOTAL EXPENSES $485,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,480	$257,013	-0.4%
Expenses	$485,675	$508,498	0.0%
Net Income	$-323,195	$-251,485	+0.3%

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

Volunteers

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

$151,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON WATSON	PRESIDENT & CEO	40	Officer	$151,000	$0	$151,000
NILOUFER PABLA	TREASURER	6	Officer Director	$0	$0	$0
JULIET WHITE	SECRETARY	6	Officer Director	$0	$0	$0
MICHAEL CHIANG	BOARD MEMBER	6	Director	$0	$0	$0
JANE WANG GARZONA	BOARD MEMBER	6	Director	$0	$0	$0
DARRYL WARREN	BOARD MEMBER	6	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
2023	$162,480	$485,675	$4,916,076	$-323,195
2022	$257,013	$508,498	$4,949,901	$-251,485
2021	$2,912,332	$297,665	$5,221,066	$2,614,667
2021	$2,838,300	$386,566	$5,210,524	$2,451,734
2020	$2,723,342	$239,967	$2,774,555	$2,483,375

TORCH FOUNDATION