BOUNDLESS ABILITIES (EIN 364935742) - 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

2019

Legal Domicile

Principal Officer

COLIN CLARK

Phone

7045368888

Tax Period

2021-01-01 to 2021-12-31

BOUNDLESS ABILITIES, founded in 2019, is a small nonprofit in the Human Services sector that reported $200K in total revenue in fiscal year 2021. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 22% operating margin.

Mission

INCREASE EMPLOYMENT OPPORTUNITIES FOR THE INTELLECTUALLY DISABLED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $179,226

Program Service Revenue $0

Investment Income $0

Other Revenue $20,476

TOTAL REVENUE $199,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,786

Fundraising Expenses $0

Program Expenses $146,786

Other Expenses $8,869

TOTAL EXPENSES $155,655

Year-over-Year Comparison

	2021	2020	Change
Revenue	$199,702	$461,874	-0.6%
Expenses	$155,655	$308,987	-0.5%
Net Income	$44,047	$152,887	-0.7%

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

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
DOUG FINLEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNY CARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NATALE	DIRECTOR	1.00	Director	$0	$0	$0
RAHEED SAUNDERS	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
COLIN CLARK	VP/TREASURER/SECRETARY	1.00	Officer 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
2021	$199,702	$155,655	$276,598	$44,047
2020	$461,874	$308,987	$300,832	$152,887
2019	$295,995	$241,769	$81,323	$54,226

BOUNDLESS ABILITIES