THE 24 HOUR COMPANY (EIN 043587685) - 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

2010

Legal Domicile

Principal Officer

MARK ARMSTRONG

Phone

2122295600

Tax Period

2023-01-01 to 2023-12-31

THE 24 HOUR COMPANY, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $415K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $482K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO BRING TOGETHER CREATIVE COMMUNITIES TO PRODUCE PLAYS AND MUSICALS THAT ARE WRITTEN, REHEARSED AND PERFORMED IN 24 HOURS.

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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 $264,346

Program Service Revenue $140,082

Investment Income $0

Other Revenue $10,298

TOTAL REVENUE $414,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,127

Fundraising Expenses $19,573

Program Expenses $368,131

Other Expenses $259,226

TOTAL EXPENSES $482,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,726	$383,946	+0.1%
Expenses	$482,353	$397,436	+0.2%
Net Income	$-67,627	$-13,490	+4.0%

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

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

$58,034

Total Directors

$58,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ARMSTRONG	ARTISTIC DIR	40.00	Officer Director	$54,067	$3,967	$58,034
LINDSAY BOWEN	TRUSTEE	1.00	Director	$0	$0	$0
MARIO CORREA	TRUSTEE	1.00	Director	$0	$0	$0
J HOLTHAM	VICE PRESIDE	1.00	Director	$0	$0	$0
JULIE MERCER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER OSCAR PENA	TRUSTEE	1.00	Director	$0	$0	$0
SEKKA SCHER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SCHLOSS	TRUSTEE	1.00	Director	$0	$0	$0
SHARI SOOFIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTIN TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
EMMANUEL WILSON	TRUSTEE	1.00	Director	$0	$0	$0
BETH WISHNIE	TRUSTEE	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	No data	No data	No data	No data
2023	$414,726	$482,353	$92,265	$-67,627
2022	$383,946	$397,436	$112,535	$-13,490
2021	$268,132	$261,571	$148,455	$6,561
2019	$208,294	$226,776	$25,409	$-18,482
2018	$246,810	$213,169	$74,036	$33,641

THE 24 HOUR COMPANY