Support Solutions Inc (EIN 352563424) - 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

2016

Legal Domicile

Principal Officer

Jeffrey Richardson

Phone

6265024709

Tax Period

2022-07-01 to 2023-06-30

Support Solutions Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

The organizations's mission is to break the cycle of homelessness in the service area by supporting homeless neighbors with services and resources which lead to stability,increased income, housing, and self-sufficiency.

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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 (2022)

Revenue Breakdown

Contributions & Grants $242,688

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,291

Fundraising Expenses $27,330

Program Expenses $215,636

Other Expenses $111,233

TOTAL EXPENSES $264,524

Year-over-Year Comparison

	2022	2021	Change
Revenue	$242,688	$192,487	+0.3%
Expenses	$264,524	$229,236	+0.2%
Net Income	$-21,836	$-36,749	-0.4%

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

N/A

Employees

Volunteers

100

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

Total Directors

$68,265

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Truax	President	4.00	Director	$0	$0	$0
Craig Ceroo	Treasurer	8.00	Director	$0	$0	$0
Mim Coombs-Ellison	Member	4.00	Director	$0	$0	$0
Paul Reed	Secretary	4.00	Director	$0	$0	$0
Jeffrey Richardson	Executive Director	42.00	Director	$68,265	$0	$68,265

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
2023	$242,688	$264,524	$71,152	$-21,836

Support Solutions Inc