FRESH START FOUNDATION (EIN 232805137) - 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

1995

Legal Domicile

Principal Officer

DERRICK YACOVELLI

Phone

6102604600

Tax Period

2023-07-01 to 2024-06-30

FRESH START FOUNDATION, founded in 1995, is a community nonprofit in the Mental Health sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE A CLEAN AND SOBER ENVIRONMENT FOR INDIVIDUALS WITHOUT APPROPRIATE PLACES TO LIVE.

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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 $49

Program Service Revenue $5,142,190

Investment Income $0

Other Revenue $11,243

TOTAL REVENUE $5,153,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,739,358

Fundraising Expenses $0

Program Expenses $4,829,992

Other Expenses $2,727,420

TOTAL EXPENSES $5,466,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,153,482	$6,051,168	-0.1%
Expenses	$5,466,778	$5,972,680	-0.1%
Net Income	$-313,296	$78,488	-5.0%

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

101

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

$1,112,960

Total Directors

$1,252,930

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK YACOVELLI	TREASURER/SECRETARY/CFO	0.50	Officer Director	$0	$36,981	$775,262
MALCOLM MUSGROVE	VP/VP, ABH	0.50	Officer Director	$0	$30,729	$337,698
DENNIS MASSOTT	EXECUTIVE DIRECTOR	37.50	Director	$0	$26,284	$139,970
SYLVIA PURNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NIX III ESQ	PRESIDENT	0.50	Officer 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
2025	No data	No data	No data	No data
2024	$5,153,482	$5,466,778	$2,048,765	$-313,296
2023	$6,051,168	$5,972,680	$3,144,464	$78,488
2022	$6,066,712	$6,144,772	$2,477,058	$-78,060
2021	$5,960,246	$6,132,622	$1,917,109	$-172,376
2020	$6,063,347	$5,930,295	$1,310,099	$133,052
2019	$5,628,257	$5,578,873	$1,102,763	$49,384
2018	$4,934,079	$4,962,933	$1,280,388	$-28,854

FRESH START FOUNDATION