CLARE HOUSE INC

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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

1985

Legal Domicile

Principal Officer

AMANDA RICHARDSON

Phone

7172918967

Tax Period

2022-07-01 to 2023-06-30

CLARE HOUSE INC, founded in 1985, is a small nonprofit that reported $383K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $335K left a modest 12% surplus.

Mission

CLARE HOUSE TRANSFORMS THE LIVES OF WOMEN AND THEIR CHILDREN THROUGH AN EMPLOYMENT-FOCUSED PROGRAM, PROVIDING SAFETY, HOUSING, AND SUPPORTIVE SERVICES, WITH THE GOAL OF FINANCIAL STABILITY.

Program Service Accomplishments

Program 1

Expenses: $254,518 Revenue: $10,463

PROVIDE TEMPORARY SHELTER AND COUNSELING FOR HOMELESS WOMEN AND CHILDREN. CLARE HOUSE SERVED APPROXIMATELY 15 HOMELESS WOMEN AND 20 CHILDREN FOR THE YEAR ENDED JUNE 30, 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $353,019

Program Service Revenue $10,463

Investment Income $19,494

Other Revenue $0

TOTAL REVENUE $382,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,903

Fundraising Expenses $32,003

Program Expenses $254,518

Other Expenses $116,571

TOTAL EXPENSES $335,474

Year-over-Year Comparison

	2022	2021	Change
Revenue	$382,976	$843,570	-0.5%
Expenses	$335,474	$223,002	+0.5%
Net Income	$47,502	$620,568	-0.9%

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

$63,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA RICHARDSON	EXECUTIVE DI	40.00	Officer	$63,096	$0	$63,096
SAMANTHA BIASTRE	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDSEY COOK	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUIS FIORILLA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE GEBHARD	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLIE GILLIFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH POPOVICH	VICE PRESIDE	6.00	Director	$0	$0	$0
ASHLEY WEBER	BOARD MEMBER	2.00	Director	$0	$0	$0
BRITTANY GARNER	SECRETARY	6.00	Officer	$0	$0	$0
KATE KNIGHT	PRESIDENT	8.00	Officer	$0	$0	$0
ROBERT DALE SALMONS	TREASURER	6.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$382,976	$335,474	$1,382,356	$47,502
2022	$843,570	$223,002	$1,458,388	$620,568
2021	$262,345	$248,501	$857,272	$13,844
2020	$217,672	$259,135	$851,265	$-41,463
2019	$728,125	$262,542	$882,721	$465,583
2018	$267,612	$269,700	$413,459	$-2,088