TRACYS KIDS INC

EIN: 263835257 501(c)(3) Diseases & Disorders

Bethesda, MD

Total Revenue
$387,293
Total Expenses
$562,969
Total Assets
$732,517
Net Assets
$732,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MD
Principal Officer
Matt Gerson
Tax Period
2024-01-01 to 2024-12-31

TRACYS KIDS INC, founded in 2009, is a small nonprofit in the Diseases & Disorders sector that reported $387K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $563K exceeded revenue, resulting in a 45% operating deficit.

Mission

Tracy's Kids uses Art Therapy to help young cancer patients and their families cope with the emotional stress imposed by the disease and its treatment. Our work ranges from individual art therapy sessions with inpatients who may be confined to their rooms, to open studio sessions with outpatients who choose what projects to work on and share their experiences while they receive chemotherapy or other treatment. Tracy's Kids programs are provided free of charge to those we serve. Our gifted, compassionate, Masters-trained Art Therapists help kids and families develop strategies for coping with scary procedures, express the fears that might lead to nightmares and social isolation, and communicate with medical personnel.

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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 (2024)

Revenue Breakdown

Contributions & Grants $366,825
Program Service Revenue $0
Investment Income $20,468
Other Revenue $0
TOTAL REVENUE $387,293

Expense Breakdown

Grants Paid $401,889
Salaries & Benefits $75,400
Fundraising Expenses $30,000
Program Expenses $429,629
Other Expenses $85,680
TOTAL EXPENSES $562,969

Year-over-Year Comparison

2024 2023 Change
Revenue $387,293 $315,682 +0.2%
Expenses $562,969 $703,052 -0.2%
Net Income $-175,676 $-387,370 -0.5%
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

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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
12
Independent Members
10
Employees
N/A
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
5
$75,400
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Gerson President, Board Member 5
Officer
$60,000 $0 $60,000
Tracy Councill Program Director, Board Member 5
Officer
$15,400 $0 $15,400
Bridget Gray Board Member 2
Director
$0 $0 $0
Manish Agrawal Board Member 0.5
Director
$0 $0 $0
Mary Louise Cohen Board Member 0.5
Director
$0 $0 $0
Wendy Donoho Board Member 0.5
Director
$0 $0 $0
Marcelle Leahy Board Member 0.5
Director
$0 $0 $0
Curtis Legeyt Board Member 0.5
Director
$0 $0 $0
Greg Lubin Board Member 0.5
Director
$0 $0 $0
Suzy Friedman Cohen Chair 0.5
Officer
$0 $0 $0
Melissa Maxfield Secretary 0.5
Officer
$0 $0 $0
Marcy Romm Treasurer 0.5
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
2024 $387,293 $562,969 $732,517 $-175,676
2023 $315,682 $703,052 $928,817 $-387,370
2022 $351,418 $728,705 $1,234,840 $-377,287
2022 $351,418 $718,705 $1,164,840 $-367,287
2021 $556,915 $703,727 $1,522,678 $-146,812
2020 $574,621 $716,538 $1,716,343 $-141,917
2019 $1,095,609 $803,856 $1,790,466 $291,753
2018 $1,205,312 $637,044 $1,478,394 $568,268
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