URBAN BOATBUILDERS INC (EIN 411831598) - 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

1995

Legal Domicile

Principal Officer

MARC HOSMER

Phone

6516449225

Tax Period

2023-01-01 to 2023-12-31

URBAN BOATBUILDERS INC, founded in 1995, is a small nonprofit in the Youth Development sector that reported $983K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

OUR MISSION IS TO EMPOWER YOUTH TO SUCCEED IN WORK AND LIFE THROUGH WOODWORKING AND EXPERIENTIAL LEARNING.

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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 $779,853

Program Service Revenue $197,147

Investment Income $5,050

Other Revenue $1,212

TOTAL REVENUE $983,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $673,463

Fundraising Expenses $80,189

Program Expenses $958,095

Other Expenses $492,176

TOTAL EXPENSES $1,165,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,262	$1,052,170	-0.1%
Expenses	$1,165,639	$929,206	+0.3%
Net Income	$-182,377	$122,964	-2.5%

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

148

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

$112,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA BARSKY	CHAIR	2.00	Officer Director	$0	$0	$0
JOSH KRAFT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD INGEMAN	TREASURER	2.00	Officer Director	$0	$0	$0
LILY TAYLOR	SECRETARY	2.00	Officer Director	$0	$0	$0
ANTHONY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
VALARIE HONEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM LOVETT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARC HOSMER	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$112,232	$0	$112,232

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	No data	No data	No data	No data
2023	$983,262	$1,165,639	$483,049	$-182,377
2022	$1,052,170	$929,206	$743,141	$122,964
2021	$733,218	$710,413	$529,785	$22,805
2020	$759,499	$656,825	$493,475	$102,674
2019	$813,379	$804,988	$374,234	$8,391
2018	$796,725	$821,631	$372,513	$-24,906

URBAN BOATBUILDERS INC