THE HOUSE AT 1229 INC (EIN 384224398) - 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

2022

Legal Domicile

Principal Officer

BEATA MARAIS

Phone

2024482921

Tax Period

2024-01-01 to 2024-12-31

THE HOUSE AT 1229 INC, founded in 2022, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $277K, a strong 26% operating margin.

Mission

TO PROVIDE AN ELEGANT SPACE TO FOSTER MEANINGFUL CONNECTIONS OR QUIET RESPITE FOR THE BENEFIT OF ITS MEMBERS.

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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 $0

Program Service Revenue $1,047,482

Investment Income $5,882

Other Revenue $21,628

TOTAL REVENUE $1,074,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,323

Fundraising Expenses $0

Other Expenses $396,004

TOTAL EXPENSES $798,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,074,992	$1,173,563	-0.1%
Expenses	$798,327	$662,932	+0.2%
Net Income	$276,665	$510,631	-0.5%

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

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

$245,662

Total Directors

$245,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BUHLE	CEO & BOARD MEMBER	40.00	Officer Director	$113,924	$12,858	$126,782
BEATA MARAIS	GENERAL MANAGER & TREASURER	40.00	Officer Director	$108,455	$10,425	$118,880
KARYN SMITH	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
LAURA COLEMAN	SECRETARY & BOARD MEMBER	3.00	Officer Director	$0	$0	$0
KELLY DARNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA ESPINEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JODIE MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EVE O'TOOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA WARDELL	BOARD MEMBER	1.00	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	$1,074,992	$798,327	$957,907	$276,665
2023	$1,173,563	$662,932	$681,242	$510,631
2022	$710,006	$539,395	$170,611	$170,611

THE HOUSE AT 1229 INC