BRIDGES AT WORTHMORE INC (EIN 200821265) - 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

2003

Legal Domicile

Principal Officer

PATRICIA MERRITT

Phone

4103482055

Tax Period

2023-01-01 to 2023-12-31

BRIDGES AT WORTHMORE INC, founded in 2003, is a micro nonprofit in the Health Care sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 65% operating deficit.

Mission

PROVIDE EQUINE RELATED SERVICES AND ACTIVITIES TO INDIVIDUALS WITH SPECIAL NEEDS TO IMPROVE THEIR EDUCATION, PHYSICAL, AND EMOTIONAL FITNESS AND GENERAL WELL BEING.

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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 $16,990

Program Service Revenue $23,890

Investment Income $5,592

Other Revenue $0

TOTAL REVENUE $46,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,871

Fundraising Expenses $1,800

Program Expenses $73,338

Other Expenses $57,767

TOTAL EXPENSES $76,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,472	$69,385	-0.3%
Expenses	$76,638	$77,625	0.0%
Net Income	$-30,166	$-8,240	+2.7%

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

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
JOHN CARAWAY	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNIFER WRIGHT	BOARD MEMBER	5.00	Director	$0	$0	$0
NOEL ARCHAMBEAULT	BOARD MEMBER	5.00	Director	$0	$0	$0
DEBRA CAMPBELL	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT DITMARS	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHANIE TURNER	BOARD MEMBER	5.00	Director	$0	$0	$0
PATRICIA MERRITT	TREASURER	5.00	Officer	$0	$0	$0
BENJAMIN KOHL	PRESIDENT	5.00	Officer	$0	$0	$0
REBECCA LEPTER	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
LAURA OLCOTT	SECRETARY	5.00	Officer	$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
2023	$46,472	$76,638	$128,268	$-30,166
2022	$69,385	$77,625	$158,932	$-8,240
2021	$32,935	$84,697	$167,580	$-51,762
2020	$30,877	$82,572	$218,608	$-51,695
2019	$269,351	$59,359	$271,340	$209,992

BRIDGES AT WORTHMORE INC