Trica Inc
Nonprofit profile at a glance
- EIN
- 571197705
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Boise, ID, USA
- Phone
- 2083442220
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Dance
Reported finances
- Revenue
- $1,038,791
- Expenses
- $1,221,222
- Assets
- $3,342,667
- Liabilities
- $895,897
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JON SWARTHOUT (PRESIDENT/CEO)
Highest reported compensation
- JON SWARTHOUT (PRESIDENT/CEO): $157,863 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide meaningful experiences in the arts and to inspire the children of the treasure valley to understand and develop attitudes and values contributing to a stronger sense of community, humanity and good will.
What it reported doing in 2024
Preschool of the arts: for ages 3-5, taught through the lens of arts and humanities, we combine the arts, master teachers and a meaningful curriculum to inspire children toward a higher standard of excellence and creative expression.summer camp: for ages 3-9 held every summer, open to the public. Camps include dance, music, visual arts, storytelling, culinary arts, yoga, film, comedy, and more. After school/out of school program: capture the castle: for k-3rd grade children create, dance, perform, entertain and be active in an enthusiastic, loving, indoor & outdoor imaginative environment.
Operating model
- Revenue model
- Earned-program. 74% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 65
- Accountability: 85
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.9%; rating input score 57
- Program expense ratio: 48.4%; rating input score 48
- Fundraising efficiency: $18.44 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -17.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 2.74; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 19.1% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 11.4% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 11.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 56.9% of revenue deployed · 48.4% of spending went to programs
- Governance: 11 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $591K in reported program spending
- Leadership: top reported pay $158K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Sustainability: Operating margin scored 11/100.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 28/100.