The Outlet (EIN 453075858) - 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

2011

Legal Domicile

Principal Officer

Michael Phelon

Phone

3123301240

Tax Period

2024-01-01 to 2024-12-31

The Outlet, founded in 2011, is a small nonprofit in the Human Services sector that reported $969K in total revenue in fiscal year 2024.

Mission

The Outlet is a young mens ministry and mentoring initiative providing services to the central Illinois communites

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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 $688,205

Program Service Revenue $233,145

Investment Income $47,487

Other Revenue $350

TOTAL REVENUE $969,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,995

Fundraising Expenses $1,290

Program Expenses $676,392

Other Expenses $434,083

TOTAL EXPENSES $941,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$969,187	$1,013,680	0.0%
Expenses	$941,078	$1,010,495	-0.1%
Net Income	$28,109	$3,185	+7.8%

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

N/A

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PHELON	President	40.00	Officer Director	$75,000	$0	$75,000
JESSICA HANDY	Trustee	0.00	Director	$0	$0	$0
ASHLEY JENKINS	Trustee	0.00	Director	$0	$0	$0
KEVIE LUSBY	Vice Chair	0.00	Director	$0	$0	$0
JOSE JIMENEZ	Trustee	0.00	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	$969,187	$941,078	$808,813	$28,109
2023	$1,013,680	$1,010,495	$815,067	$3,185
2023	$1,036,693	$989,518	$960,378	$47,175
2022	$1,124,518	$670,409	$910,315	$454,109
2022	$1,082,444	$719,848	$782,361	$362,596
2021	$574,791	$318,519	$404,952	$256,272
2020	$197,660	$193,028	$145,489	$4,632
2019	$146,527	$176,710	$136,297	$-30,183
2018	$191,406	$140,321	$167,815	$51,085

The Outlet