Chicago, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Bounce DC, founded in 2009, is a micro nonprofit that reported $3 in total revenue in fiscal year 2021. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $160K exceeded revenue, resulting in a 5346767% operating deficit.
The corporation is organized exclusively for one or more of the purposes specified in Section 501(c)(3) of the Internal Revenue Code of 1986 (the "Code") and exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Start Early, an Illinois not for profit corporation, within the meaning of Section 509(a)(3) of the Code, so long as Start Early shall qualify as an organization described in Section 501(c)(3) and Section 509(a)(1) or Section 509(a)(2) of the Code.
In November 2009, Bounce DC, a 501(c)(3) supporting organization of Start Early, was established with the purpose of developing and building Educare DC and funding the broader birth-to-five quality...
In November 2009, Bounce DC, a 501(c)(3) supporting organization of Start Early, was established with the purpose of developing and building Educare DC and funding the broader birth-to-five quality improvement efforts in the District of Columbia. Bounce DC has also provided substantial financial, technical and managerial support to Educare DC. In September 2012, Bounce DC, as leverage lender, made a loan to Educare DC NMTC Investment Fund, LLC, a qualified equity investment fund involved in financing obtained through the NMTC transaction. The loan has interest-only payments for seven years at a 1% rate, payable quarterly. The initial NMTC compliance period ended on September 12, 2019. Effective September 13, 2019, the NMTC unwind began when the equity investor of Educare DC NMTC Investment Fund, LLC exercised its put option and sold its ownership interest to Bounce DC for $1,000. In conjunction with this event, Bounce DC paid legal fees of $8,900. This action, in combination with other agreements, resulted in the forgiveness of a $10,700,070 note from Educare DC. The loan forgiveness was reflected as an expense on Bounce DC's consolidated statement of activities in fiscal 2020. This reduction to Bounce DC's net assets is in line with the purpose of the entity, which was primarily to facilitate NMTC transaction.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $3 | $37 | -0.9% |
| Expenses | $160,406 | N/A | N/A |
| Net Income | $-160,403 | $37 | -4336.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Donna Iwanski | Secretary-Treasurer | 1.00 |
Officer
Director
|
$0 | $30,163 | $297,150 |
| Diana Rauner | Co-President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jessie Rasmussen | Co-President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $3 | $160,406 | No data | $-160,403 |
| 2021 | $37 | No data | $160,403 | No data |
| 2020 | $21,565 | $50,363 | $160,366 | $-28,798 |
| 2019 | $107,744 | $151,837 | $10,915,984 | $-44,093 |
| 2018 | $107,572 | $127,104 | $10,933,437 | $-19,532 |
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