BLUECOATS INC (EIN 346521108) - 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

1958

Legal Domicile

Principal Officer

BRENT COLLINS

Phone

2167650181

Tax Period

2023-10-01 to 2024-09-30

BLUECOATS INC, founded in 1958, is a community nonprofit in the Crime & Legal sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $570K, a strong 52% operating margin.

Mission

BLUECOATS IS A CHARITABLE ORGANIZATION DEVOTED EXCLUSIVELY TO THE WELL-BEING OF FAMILIES OF CUYAHOGA COUNTY SAFETY OFFICERS WHO HAVE LOST THEIR LIVES, OR HAVE BECOME PERMANENTLY AND TOTALLY DISABLED AND INCAPACITATED, IN THE LINE OF DUTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $441,954

Program Service Revenue $0

Investment Income $594,222

Other Revenue $59,636

TOTAL REVENUE $1,095,812

Expense Breakdown

Grants Paid $203,470

Salaries & Benefits $149,385

Fundraising Expenses $0

Program Expenses $464,302

Other Expenses $172,957

TOTAL EXPENSES $525,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,095,812	$634,932	+0.7%
Expenses	$525,812	$680,813	-0.2%
Net Income	$570,000	$-45,881	-13.4%

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

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

$86,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE V MAVEC	DIRECTOR	1.00	Director	$0	$0	$0
PAUL H CARLETON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY J COYNE	DIRECTOR	1.00	Director	$0	$0	$0
BRENT D BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN B FLOYD JR	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE A KRATUS	SECRETARY, DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM V BIGGAR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD P STOVSKY	TREASURER, DIRECTOR	1.00	Officer Director	$0	$0	$0
SCOTT D ROULSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F HERRICK JR	PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL T NOVAK	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW V CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
SHANE M BIGELOW	VICE PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
TERRENCE F DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE M PORATH	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG A STEINBRINK	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN MEALS	DIRECTOR	1.00	Director	$0	$0	$0
BRENT R COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$86,583	$0	$86,583

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	$1,095,812	$525,812	$7,679,444	$570,000
2023	$634,932	$680,813	$7,109,444	$-45,881
2022	$947,035	$660,432	$7,155,325	$286,603
2021	$855,562	$567,848	$6,868,722	$287,714
2020	$570,167	$398,267	$6,581,008	$171,900
2019	$1,764,287	$479,258	$6,409,108	$1,285,029
2018	$895,002	$465,581	$5,124,079	$429,421

BLUECOATS INC