THEA BOWMAN HOUSE INC (EIN 161488620) - 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

1996

Legal Domicile

Principal Officer

MICHAEL BRENNAN

Phone

3157970748

Tax Period

2023-01-01 to 2023-12-31

THEA BOWMAN HOUSE INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $854K, a strong 29% operating margin.

Mission

THE MISSION OF THE THEA BOWMAN HOUSE IS TO PROVIDE A SAFE, NURTURING ENVIRONMENT TO ENABLE CULTURALLY DIVERSE CHILDREN AND FAMILIES TO ACHIEVE THEIR FULL POTENTIAL. THE FOUNDATION ON WHICH THEA BOWMAN HOUSE IS BUILT IS AGAPE, UNCONDITIONAL LOVE.

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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 $2,902,913

Program Service Revenue $34,135

Investment Income $34

Other Revenue $24,238

TOTAL REVENUE $2,961,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,665,108

Fundraising Expenses $0

Program Expenses $1,908,634

Other Expenses $441,879

TOTAL EXPENSES $2,106,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,961,320	$2,098,826	+0.4%
Expenses	$2,106,987	$1,951,041	+0.1%
Net Income	$854,333	$147,785	+4.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY ARTHUR	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN BAREFOOT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRENNAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE DOMINGUE	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
F CHRISTOPHER GIRUZZI	DIRECTOR	1.00	Director	$0	$0	$0
JULIUS BLACKSHEAR JR	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE POUPART	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM TAFT	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN TIMIAN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON ZOHNE	DIRECTOR	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	$2,961,320	$2,106,987	$1,964,799	$854,333
2022	$2,098,826	$1,951,041	$1,098,425	$147,785
2021	$1,697,334	$1,748,877	$945,962	$-51,543
2020	$2,089,196	$1,669,235	$987,747	$419,961
2019	$1,873,738	$1,864,734	$575,069	$9,004
2018	$2,061,778	$1,898,147	$583,873	$163,631

THEA BOWMAN HOUSE INC