TURNING POINT BROOKLYN INC (EIN 112838138) - 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

1986

Legal Domicile

Principal Officer

JODI QUERBACH

Phone

7183105605

Tax Period

2023-07-01 to 2024-06-30

TURNING POINT BROOKLYN INC, founded in 1986, is a community nonprofit in the Religion sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 39% operating deficit.

Mission

TURNING POINT BROOKLYN SERVES AS A STEPPING STONE FOR THE "AT-POTENTIAL" RESIDENTS OF GREATER BROOKLYN WHO'VE DECIDED TO SEEK WAYS TO IMPROVE THEIR EVERYDAY LIVES. THROUGH INTEGRATED HOUSING, EDUCATION, HEALTH AND SOCIAL SERVICE PROGRAMS, TURNING POINT BROOKLYN PROVIDES THE COMPREHENSIVE SUPPORT AND QUALITY CARE NECESSARY FOR CLIENTS TO TAKE CONTROL AND TURN THEIR LIVES AROUND.VISION:OUR VISION IS TO BE AN AGENT OF SUPPORT FOR ALL THOSE SEEKING TO BUILD A BETTER BROOKLYN. WE DO THIS BY OFFERING AN INTEGRATED ARRAY OF COMPREHENSIVE SERVICES DESIGNED TO RESTORE HOPE AND HUMAN DIGNITY TO INDIVIDUALS WITHIN THE SUNSET PARK AND RED HOOK COMMUNITIES.

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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 $25,750

Program Service Revenue $954,013

Investment Income $0

Other Revenue $27,697

TOTAL REVENUE $1,007,460

Expense Breakdown

Grants Paid $13,064

Salaries & Benefits $800,510

Fundraising Expenses $0

Program Expenses $1,030,897

Other Expenses $586,982

TOTAL EXPENSES $1,400,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,007,460	$1,420,659	-0.3%
Expenses	$1,400,556	$2,257,759	-0.4%
Net Income	$-393,096	$-837,100	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KISHOR MALAVADE	CHAIR	1.00	Officer Director	$0	$0	$0
SHAWN AUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
IRENE VAN SLYKE	DIRECTOR	1.00	Director	$0	$0	$0
N/A	SOLE VOTING MEMBER	5.00		$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	$1,007,460	$1,400,556	$771,995	$-393,096
2023	$1,420,659	$2,257,759	$1,305,487	$-837,100
2022	$2,351,028	$2,211,178	$2,769,476	$139,850
2021	$1,977,308	$2,298,199	$2,563,430	$-320,891
2020	$1,458,854	$1,592,750	$1,892,962	$-133,896
2019	$1,884,237	$1,732,645	$1,533,701	$151,592
2018	$2,503,200	$2,737,935	$1,216,792	$-234,735

TURNING POINT BROOKLYN INC