TAP INC (EIN 237029088) - 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

1969

Legal Domicile

Principal Officer

BARBARA L NELSON

Phone

5182743050

Tax Period

2024-01-01 to 2024-12-31

TAP INC, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 13% surplus.

Mission

TAP, INC. RESTORES, REBUILDS, AND REVITALIZES URBAN NEIGHBORHOODS AND HISTORIC STRUCTURES; SHAPING INCLUSIVE AND HEALTHY COMMUNITIES.

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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 $1,154,299

Program Service Revenue $739,740

Investment Income $8,618

Other Revenue $168,352

TOTAL REVENUE $2,071,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $888,410

Fundraising Expenses $13,104

Program Expenses $1,233,067

Other Expenses $921,753

TOTAL EXPENSES $1,810,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,071,009	$1,200,588	+0.7%
Expenses	$1,810,163	$1,248,672	+0.4%
Net Income	$260,846	$-48,084	-6.4%

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

$144,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVIA BRAZEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY KLEPSCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JODI SMITS ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BONGIORNI	TREASURER	1.00	Officer Director	$0	$0	$0
BEVERLY HICKMAN	MEMBER	1.00	Director	$0	$0	$0
CAROLINE NAGY	MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCDONOUGH	MEMBER	1.00	Director	$0	$0	$0
ROBERTA SINGLETON	MEMBER	1.00	Director	$0	$0	$0
KRISTIN DIOTTE	MEMBER	1.00	Director	$0	$0	$0
JORDAN WHITE	MEMBER	1.00	Director	$0	$0	$0
KEVIN GLASHEEN	MEMBER	1.00	Director	$0	$0	$0
BARBARA NELSON	EXECUTIVE DIRECTOR	41.00	Officer	$94,604	$0	$94,604
HANNAH CUSHING	DIRECTOR OF FINANCE	40.00	Officer	$50,307	$0	$50,307

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	$2,071,009	$1,810,163	$3,490,943	$260,846
2023	$1,200,588	$1,248,672	$2,979,264	$-48,084
2022	$1,076,689	$1,139,543	$2,726,833	$-62,854
2021	$1,022,360	$842,379	$2,760,904	$179,981
2020	$710,123	$787,516	$2,568,460	$-77,393
2019	$727,201	$779,034	$2,643,591	$-51,833
2018	$605,997	$771,627	$2,667,052	$-165,630
2018	$605,997	$771,627	$2,667,052	$-165,630
2017	$730,408	$820,046	$2,845,372	$-89,638

TAP INC