Transitional Living Services 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

1996

Legal Domicile

Principal Officer

Laura Franz

Phone

8153214673

Tax Period

2024-01-01 to 2024-12-31

Transitional Living Services Inc, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TLS Veterans mission is to provide veterans in need and their families the services necessary to experience hope and achieve success.

Program Service Accomplishments

Program 1

Expenses: $848,835

New Horizons - Transitional Living Services, Inc. operates New Horizons, a 20-bed transitional-housing program in Hebron, IL for homeless veterans. Veterans reside in the program and receive needed services to get their lives back on track. The program offers aftercare and an onsite food pantry to help with full reintegration.

Program 2

Expenses: $1,911,717

SSVF - The supportive services to veterans families program is staffed by case managers who help veterans avoid and/or overcome homelessness. Case management and financial assistance are provided to...

Program 3

Expenses: $311,224

HVRP - The homeless veterans reintegration program is staffed by employment specialists stationed at the VA hospitals as well as in McHenry and Hebron, IL. The specialists guide veterans into...

HVRP - The homeless veterans reintegration program is staffed by employment specialists stationed at the VA hospitals as well as in McHenry and Hebron, IL. The specialists guide veterans into meaningful employment.

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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 $6,184,504

Program Service Revenue $44,221

Investment Income $12,771

Other Revenue $81,287

TOTAL REVENUE $6,322,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,564,100

Fundraising Expenses $416,019

Program Expenses $5,769,759

Other Expenses $3,907,461

TOTAL EXPENSES $6,471,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,322,783	$4,297,571	+0.5%
Expenses	$6,471,561	$4,237,223	+0.5%
Net Income	$-148,778	$60,348	-3.5%

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

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

110

Volunteers

108

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cliff Jackson	President	002.50	Officer Director	$0	$0	$0
Bob Boncosky	Vice President	002.50	Officer Director	$0	$0	$0
Mary Miller	Treasurer	000.25	Officer Director	$0	$0	$0
Michele M Gill	Secretary	000.50	Officer Director	$0	$0	$0
Ed Delheim	Director	000.25	Director	$0	$0	$0
Dan McGrath	Director	000.25	Director	$0	$0	$0
Lori Boyle	Director	000.25	Director	$0	$0	$0
Jennifer Miller	Director	000.25	Director	$0	$0	$0
Brett Kinney	Director	000.25	Director	$0	$0	$0
Chris Jackson	Director	000.25	Director	$0	$0	$0
Chris Stride	Director	000.25	Director	$0	$0	$0
MJ Hodgins	Director	000.25	Director	$0	$0	$0
Stan McCracken	Director	000.25	Director	$0	$0	$0
Jim Dolan	Director	000.25	Director	$0	$0	$0
Jeff Cercy	Director	000.25	Director	$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	$6,322,783	$6,471,561	$3,589,024	$-148,778
2023	$4,297,571	$4,237,223	$3,686,845	$60,348
2022	$3,724,478	$3,325,275	$3,687,780	$399,203
2021	$3,442,692	$3,114,593	$2,194,198	$328,099
2020	$3,029,758	$2,704,985	$1,962,342	$324,773
2019	$2,548,331	$2,460,853	$1,487,436	$87,478
2018	$2,278,008	$2,228,118	$1,402,681	$49,890