CLASP HOMES INC (EIN 061074055) - 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

1983

Legal Domicile

Principal Officer

TRACY FLOOD

Phone

2032267895

Tax Period

2024-07-01 to 2025-06-30

CLASP HOMES INC, founded in 1983, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SERVICES AND SUPPORT FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 $11,166,873

Program Service Revenue $702,896

Investment Income $91,048

Other Revenue $55,453

TOTAL REVENUE $12,016,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,747,121

Fundraising Expenses $127,248

Program Expenses $10,579,382

Other Expenses $2,137,900

TOTAL EXPENSES $11,885,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,016,270	$11,785,127	+0.0%
Expenses	$11,885,021	$11,823,291	+0.0%
Net Income	$131,249	$-38,164	-4.4%

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

162

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

$383,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY FLOOD	PRESIDENT	35.00	Officer	$121,703	$76,414	$198,117
OCTAVIA CATANA	VP OF FINANC	40.00	Officer	$111,974	$73,893	$185,867
MARC HAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA LOH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CHIDSEY	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON AGLIARDO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MCNAMEE	CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE KATZ ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
YVETTE KOHN	SECRETARY	1.00	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	$12,016,270	$11,885,021	$7,875,577	$131,249
2024	No data	No data	No data	No data
2023	$11,210,004	$11,176,257	$7,957,928	$33,747
2022	$9,985,591	$9,739,553	$7,829,713	$246,038
2021	$9,335,190	$7,997,920	$7,378,676	$1,337,270
2020	$8,149,807	$8,164,742	$6,980,009	$-14,935
2019	$7,395,088	$7,234,436	$5,695,365	$160,652
2018	$8,037,278	$6,734,666	$5,545,977	$1,302,612

CLASP HOMES INC