PATCH INC

EIN: 263361301 501(c)(3) Youth Development

Memphis, TN

Total Revenue
$317,695
Total Expenses
$316,682
Total Assets
$458,732
Net Assets
$100,426
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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
2021
Legal Domicile
TN
Tax Period
2025-01-01 to 2025-12-31

PATCH INC, founded in 2021, is a small nonprofit in the Youth Development sector that reported $318K in total revenue in fiscal year 2025.

Mission

TRANSATIONAL HOUSING - PROVIDE HOUSING FOR FELONS AND DRUG COURT PROBATIONAL PRISONERS

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $317,695
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $317,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,721
Fundraising Expenses $0
Program Expenses $316,682
Other Expenses $197,961
TOTAL EXPENSES $316,682

Year-over-Year Comparison

2025 2024 Change
Revenue $317,695 $311,390 +0.0%
Expenses $316,682 $330,568 0.0%
Net Income $1,013 $-19,178 -1.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE FALKNER CEO 50.00
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 $317,695 $316,682 $458,732 $1,013
2024 $311,390 $330,573 $480,447 $-19,183
2023 $409,606 $374,829 $468,440 $34,777
2022 $296,290 $255,987 $308,258 $40,303
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