32 Byers Street Inc (EIN 043177977) - 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

1992

Legal Domicile

Phone

4137855312

Tax Period

2024-07-01 to 2025-06-30

32 Byers Street Inc, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $428K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $508K exceeded revenue, resulting in a 19% operating deficit.

Mission

Homeless Housing. The Organization maintains a property used to house the homeless of the City of Springfield, MA.

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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 $248,120

Program Service Revenue $176,450

Investment Income $3,148

Other Revenue $0

TOTAL REVENUE $427,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $508,462

Other Expenses $508,462

TOTAL EXPENSES $508,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,718	$379,742	+0.1%
Expenses	$508,462	$445,411	+0.1%
Net Income	$-80,744	$-65,669	+0.2%

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

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
Pascale Desir	Director	1.00	Director	$0	$0	$0
Michelle McAdaragh	Director	1.00	Director	$0	$0	$0
Amanda Bubon	Director	1.00	Director	$0	$0	$0
Bernie Cohen	Treasurer	2.00	Officer Director	$0	$0	$0
Charles Knight	President	2.00	Officer Director	$0	$0	$0
Dolores Scott	Clerk	2.00	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	$427,718	$508,462	$918,427	$-80,744
2024	$379,742	$445,411	$892,351	$-65,669
2023	$369,902	$401,276	$957,777	$-31,374
2022	$361,974	$388,070	$927,785	$-26,096
2021	$355,651	$375,231	$950,444	$-19,580
2020	$360,207	$378,769	$976,476	$-18,562
2019	$319,269	$318,650	$1,040,897	$619
2018	$331,082	$341,360	$1,033,154	$-10,278

32 Byers Street Inc