BITTERSWEET INC

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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

1977

Legal Domicile

Principal Officer

MEGAN THOMPSON

Phone

4198756986

Tax Period

2024-01-01 to 2024-12-31

BITTERSWEET INC, founded in 1977, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $8.6M left a modest 5% surplus.

Mission

THE CALLING OF BITTERSWEET, INC. IS TO PROVIDE SUPPORT AND ACTIVE TREATMENT PROGRAMS TO INDIVIDUALS WITH AUTISM. ENCOMPASSING AN ARRAY OF ENVIRONMENTS AND SERVICES ACROSS THREE DIFFERENT SETTINGS, THE PROGRAMS ARE DESIGNED TO INCREASE AUTONOMY AND SELF-RELIANCE, ENABLE CHOICES, MAXIMIZE DIGNITY, AND ENCOURAGE COMMUNITY INTERACTIONS. BITTERSWEET, INC. FURTHER STRIVES TO POSITIVELY AFFECT THE LIVES OF THOSE WITH AUTISM THROUGH HABILITATION AND VOCATIONAL ACTIVITIES IN A FARM ENVIRONMENT AND BY PROVIDING CONSULTATION AND TRAINING TO FAMILIES AND PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $3,378,284 Revenue: $3,929,547

ICF/IID - LICENSED MEDICAID INTERMEDIATE CARE FACILITY FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES WHICH IS CERTIFIED TO COMPLY WITH FEDERAL STANDARDS IN THE AREAS OF MANAGEMENT, CLIENT PROTECTIONS...

ICF/IID - LICENSED MEDICAID INTERMEDIATE CARE FACILITY FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES WHICH IS CERTIFIED TO COMPLY WITH FEDERAL STANDARDS IN THE AREAS OF MANAGEMENT, CLIENT PROTECTIONS, FACILITY STAFFING, ACHIEVE TREATMENT SERVICES, CLIENT BEHAVIOR AND FACILITY PRACTICES, HEALTHCARE SERVICES, PHYSICAL ENVIRONMENT AND DIETETIC SERVICES.

Program 2

Expenses: $1,959,264 Revenue: $2,278,973

DAY HAB SERVICES - INCLUDE ADULT DAY SUPPORT, VOCATIONAL HABILITATION, NON-MEDICAL TRANSPORTATION AND AN ADOLESCENT TRANSITIONAL SCHOOL PROGRAM.

Program 3

Expenses: $1,957,966 Revenue: $2,277,464

COMMUNITY LIVING - PROVIDES COMMUNITY LIVING SERVICES TO BOTH ADULTS AND ADOLESCENTS. ASSISTS INDIVIDUALS TO LIVE AS INDEPENDENTLY AS POSSIBLE.

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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 $416,099

Program Service Revenue $8,485,984

Investment Income $133,979

Other Revenue $62,953

TOTAL REVENUE $9,099,015

Expense Breakdown

Grants Paid $10,402

Salaries & Benefits $6,728,752

Fundraising Expenses $45,639

Program Expenses $7,295,514

Other Expenses $1,896,331

TOTAL EXPENSES $8,635,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,099,015	$7,934,133	+0.1%
Expenses	$8,635,485	$7,754,531	+0.1%
Net Income	$463,530	$179,602	+1.6%

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

332

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

$240,203

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY CARR	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN DUDLEY	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN LIVERANI	DIRECTOR	0.50	Director	$0	$0	$0
JOHN PIERCE	DIRECTOR	0.50	Director	$0	$0	$0
JULIE ROMANOFF	DIRECTOR	0.50	Director	$0	$0	$0
NATASHA SHABAZZ	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER SPONSLER	DIRECTOR	0.50	Director	$0	$0	$0
MEGAN THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
TYBO WILHELMS	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES SEDDON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAN TOCZYNSKI	SECRETARY	0.50	Officer Director	$0	$0	$0
RYAN HOUSEHOLDER	TREASURER	1.00	Officer Director	$0	$0	$0
MATT ANDERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATASHA BAILEY	EXECUTIVE DIRECTOR (MARCH - JULY)	30.00	Officer	$51,273	$6,490	$57,763
MEGAN THOMPSON	EXECUTIVE DIRECTOR (AUGUST, ONWARD)	30.00	Officer	$51,186	$4,836	$56,022
LISA LULFS	INTERIM EXECUTIVE DIRECTOR	30.00	Officer	$122,307	$4,111	$126,418

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	$9,099,015	$8,635,485	$8,611,503	$463,530
2023	$7,934,133	$7,754,531	$8,120,001	$179,602
2022	$7,084,475	$7,012,393	$8,526,734	$72,082
2021	$7,386,172	$6,222,343	$8,434,171	$1,163,829
2020	$7,640,219	$6,311,142	$7,545,198	$1,329,077
2019	$6,195,171	$5,758,612	$5,894,219	$436,559
2018	$6,097,967	$5,563,155	$5,379,386	$534,812