BEADS OF COURAGE INC (EIN 202721500) - 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

2005

Legal Domicile

Principal Officer

ELIZABETH MONECK

Phone

5203447668

Tax Period

2023-01-01 to 2023-12-31

BEADS OF COURAGE INC, founded in 2005, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

TO PROVIDE ARTS IN MEDICINE CARE PROGRAM FOR CHILDREN COPING WITH SERIOUS ILLNESS, THEIR FAMILIES, AND HEALTH CARE PROVIDERS. OUR GOAL IS TO USE ART AS A MEANS TO STRENGTHEN RESILIENCE BASED PROTECTIVE PROCESSES WHILE DECREASING ADVERSE OUTCOMES SUCH AS DEPRESSION, ANXIETY, UNCERTAINTY, WITHDRAWAL AND SYMPTOM DISTRESS.

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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 $669,360

Program Service Revenue $630,549

Investment Income $0

Other Revenue $22,007

TOTAL REVENUE $1,321,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $691,390

Fundraising Expenses $0

Program Expenses $1,058,721

Other Expenses $616,578

TOTAL EXPENSES $1,307,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,321,916	$1,584,476	-0.2%
Expenses	$1,307,968	$1,563,123	-0.2%
Net Income	$13,948	$21,353	-0.3%

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

$157,000

Total Directors

$82,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN GRIBBON	MISSION OFF,	40.00	Officer Director	$82,000	$0	$82,000
ELIZABETH MONECK	CHIEF EXE OF	40.00	Officer	$75,000	$0	$75,000
DEB GAUSTAD	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELLE HUDMAN	DIRECTOR, CH	2.00	Director	$0	$0	$0
AARON LEAL	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW MARS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CINDIE WOLFE	DIRECTOR	2.00	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	$1,321,916	$1,307,968	$953,927	$13,948
2023	No data	No data	No data	No data
2022	$1,584,476	$1,563,123	$1,033,585	$21,353
2021	$1,613,940	$1,330,935	$1,080,110	$283,005
2020	$1,445,432	$1,400,891	$981,889	$44,541
2019	$1,433,069	$1,251,177	$764,630	$181,892
2018	$1,569,024	$1,582,337	$584,061	$-13,313

BEADS OF COURAGE INC