RED HOOK INITIATIVE (EIN 203904662) - 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

2006

Legal Domicile

Principal Officer

MICHAEL PARTIS

Phone

7188586782

Tax Period

2024-07-01 to 2025-06-30

RED HOOK INITIATIVE, founded in 2006, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

RHI BELIEVES THAT SOCIAL CHANGE TO OVERCOME SYSTEMIC INEQUITIES BEGINS WITH EMPOWERED YOUTH. IN PARTNERSHIP WITH COMMUNITY ADULTS, WE NURTURE YOUNG PEOPLE IN RED HOOK TO BE INSPIRED, RESILIENT, AND HEALTHY.

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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 $4,214,357

Program Service Revenue $8,096

Investment Income $18,580

Other Revenue $22,304

TOTAL REVENUE $4,263,337

Expense Breakdown

Grants Paid $235,136

Salaries & Benefits $3,438,438

Fundraising Expenses $480,502

Program Expenses $3,522,434

Other Expenses $1,350,532

TOTAL EXPENSES $5,024,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,263,337	$4,625,356	-0.1%
Expenses	$5,024,106	$4,700,497	+0.1%
Net Income	$-760,769	$-75,141	+9.1%

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

187

Volunteers

450

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

$284,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON HOLLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANDA PRABHAKAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE SUTTLES	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA MOTTOLA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL LEE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
GREGG BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA KATZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WHEARY	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SUE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CORREIA	DIRECTOR	1.00	Director	$0	$0	$0
MILLICENT COMRIE MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
PAXTON BARNES	DIRECTOR	1.00	Director	$0	$0	$0
ALISON MASCHMEYER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PARTIS	EXECUTIVE DIRECTOR	40.00	Officer	$180,423	$0	$180,423
YVONNE BRATHWAITE	CHIEF PROGRAM & POLICY OFF	40.00	Officer	$104,046	$0	$104,046
APHIA PHILLIP	CHIEF ADMINISTRATIVE OFFIC	40.00	Highest	$141,527	$0	$141,527
CATHERINE MCBRIDE	DIRECTOR OF COMMUNITY BUILDING	40.00	Highest	$107,800	$0	$107,800

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	$4,263,337	$5,024,106	$3,692,871	$-760,769
2024	$4,625,356	$4,700,497	$4,519,203	$-75,141
2023	$3,408,492	$5,117,406	$4,719,238	$-1,708,914
2022	$7,948,570	$4,622,219	$5,851,834	$3,326,351
2021	$3,769,963	$4,378,208	$3,639,302	$-608,245
2020	$5,587,154	$4,592,531	$3,528,835	$994,623
2019	$4,418,874	$4,281,909	$2,356,002	$136,965

RED HOOK INITIATIVE