THROCKMORTON

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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

2014

Legal Domicile

Principal Officer

MIMI H SILBERT

Phone

4159579800

Tax Period

2023-01-01 to 2023-12-31

THROCKMORTON, founded in 2014, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 247% from the prior year, signaling strong growth momentum. Expenses of $6.8M exceeded revenue, resulting in a 55% operating deficit.

Mission

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF DELANCEY STREET CALIFORNIA, DELANCEY STREET/NEW MEXICO INC., DELANCEY STREET NORTH CAROLINA AND DELANCEY STREET SOUTH CAROLINA. EACH OF THESE SUPPORTED ORGANZIATIONS IS A 501(C)(3) ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $5,434,180 Revenue: $0

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THS FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF DELANCEY STREET CALIFORNIA, DELANCEY STREET/NEW MEXICO INC., DELANCEY STREET NORTH CAROLINA AND DELANCEY STREET SOUTH CAROLINA. EACH OF THESE SUPPORTED ORGANIZATIONS IS A 501(C)(3) ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $4,366,620

Other Revenue $0

TOTAL REVENUE $4,366,620

Expense Breakdown

Grants Paid $2,430,000

Salaries & Benefits $916,386

Fundraising Expenses $0

Program Expenses $5,434,180

Other Expenses $3,430,187

TOTAL EXPENSES $6,776,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,366,620	$1,258,810	+2.5%
Expenses	$6,776,573	$5,838,868	+0.2%
Net Income	$-2,409,953	$-4,580,058	-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

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

$936,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG SILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SILBERT	DIRECTOR / CHAIR	1.00	Director	$0	$0	$0
SUSAN MARGOLIS BALK	DIRECTOR	1.00	Director	$0	$0	$0
PETER PALMISANO	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
RACHELLE YE - FROM 122023	DIRECTOR	1.00	Director	$0	$0	$0
MIMI H SILBERT	PRESIDENT / CEO	40.00	Officer	$397,417	$155,986	$553,403
JERRY RAYMOND	TREASURER	40.00	Officer	$104,656	$85,131	$189,787
STEPHANIE MULLER - FROM 122023	SECRETARY/OFFICER	40.00	Officer	$104,589	$88,505	$193,094

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	$4,366,620	$6,776,573	$119,124,455	$-2,409,953
2022	$1,258,810	$5,838,868	$116,269,781	$-4,580,058
2021	$9,523,795	$5,121,286	$137,287,626	$4,402,509
2020	$7,877,745	$4,932,999	$123,585,037	$2,944,746
2019	$6,339,298	$1,371,338	$110,530,015	$4,967,960
2018	$3,025,067	$2,329,260	$99,523,924	$695,807