BREAKING CHAINS HONDURAS INC (EIN 453633155) - 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

2012

Legal Domicile

Principal Officer

JEFF BROWN

Phone

7657293056

Tax Period

2023-01-01 to 2023-12-31

BREAKING CHAINS HONDURAS INC, founded in 2012, is a small nonprofit in the International Affairs sector that reported $527K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $613K exceeded revenue, resulting in a 16% operating deficit.

Mission

BREAKING CHAINS HONDURAS IS A NONPROFIT ESTABLISHED TO REACH OUT, THROUGH GRANTS AND OUTREACH, TO THOSE LIVING IN POVERTY IN THE CAPITAL CITY OF HONDURAS. THE ORGANIZATION'S MISSION IS TO SERVE AND SEE CHANGE FOR THOSE AFFECTED BY POVERTY IN TEGUCIGALPA BY MEETING BASIC NEEDS AND DEVELOPING HUMAN RELATIONSHIPS THAT ACT AS A GATEWAY TOWARD A RELATIONSHIP WITH CHRIST. BREAKING CHAINS SEEKS TO SERVE THROUGH STREET OUTREACH AND COMMUNITY BENEVOLENCE, EDUCATION AND VOCATION INITIATIVES, YOUNG ADULT MINISTRY AND VOLUNTEER OUTREACH.

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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 $527,232

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $527,232

Expense Breakdown

Grants Paid $381,185

Salaries & Benefits $187,063

Fundraising Expenses $0

Program Expenses $580,408

Other Expenses $44,803

TOTAL EXPENSES $613,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,232	$594,572	-0.1%
Expenses	$613,051	$495,032	+0.2%
Net Income	$-85,819	$99,540	-1.9%

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

158

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
GARY NEAD	BOARD OF DIR	N/A	Director	$0	$0	$0
JAMIE RILEY	BOARD OF DIR	N/A	Director	$0	$0	$0
LANCE BENNETT	CO-TREASURER	N/A	Officer	$0	$0	$0
JEFF BROWN	PRESIDENT	N/A	Officer	$0	$0	$0
TERRY LEMMONS	SECRETARY	N/A	Officer	$0	$0	$0
SHAWN SCALF	CO-TREASURER	N/A	Officer	$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	No data	No data	No data	No data
2023	$527,232	$613,051	$126,279	$-85,819
2022	$594,572	$495,032	$212,098	$99,540
2021	$426,187	$456,407	$112,558	$-30,220
2020	$453,473	$419,853	$142,778	$33,620

BREAKING CHAINS HONDURAS INC