ABILITIES UNLIMITED INC (EIN 261247582) - 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

CHARLES HODGES

Phone

9123513504

Tax Period

2024-01-01 to 2024-12-31

ABILITIES UNLIMITED INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $292K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $280K left a modest 4% surplus.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE EXERCISE AND FUNCTIONAL FITNESS PROGRAMS FOR DISABLED PERSONS AND THOSE NO LONGER IN PHYSICAL THERAPY

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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 $102,779

Program Service Revenue $106,134

Investment Income $0

Other Revenue $82,736

TOTAL REVENUE $291,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,359

Fundraising Expenses $36,553

Program Expenses $224,503

Other Expenses $34,500

TOTAL EXPENSES $279,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,649	$245,367	+0.2%
Expenses	$279,859	$250,708	+0.1%
Net Income	$11,790	$-5,341	-3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG COLEMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
TERRY COLEMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLES HODGES	BOARD PRES/T	N/A	Officer Director	$0	$0	$0
BETH LYNAH-VICKERS	BOARD MEMBER	N/A	Director	$0	$0	$0
LYN MCCUEN	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK SCHREIBER	BOARD SECRET	N/A	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
2024	$291,649	$279,859	$173,462	$11,790
2023	$245,367	$250,708	$158,298	$-5,341
2022	$243,882	$220,092	$162,798	$23,790
2021	$307,408	$190,462	$139,736	$116,946
2020	$174,625	$221,901	$62,650	$-47,276
2019	$236,613	$227,612	$69,438	$9,001
2018	$212,322	$215,694	$65,302	$-3,372

ABILITIES UNLIMITED INC