BROKEN CHAINS INC (EIN 473134406) - 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

2015

Legal Domicile

Principal Officer

ROBERT REED

Phone

3616876175

Tax Period

2023-01-01 to 2023-12-31

BROKEN CHAINS INC, founded in 2015, is a small nonprofit in the Mental Health sector that reported $262K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

BROKEN CHAINS IS A FAITH BASED RECOVERY CENTER AND FELLOWSHIP OF ADDICTS AND ALCOHOLICS OFFERING ENCOURAGEMENT BY SHARING OUR FAITH IN A POWER GREATER THAN OURSELVES.

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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 $262,046

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $262,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,262

Fundraising Expenses $0

Program Expenses $203,804

Other Expenses $137,861

TOTAL EXPENSES $208,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,071	$165,036	+0.6%
Expenses	$208,123	$222,030	-0.1%
Net Income	$53,948	$-56,994	-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

N/A

Volunteers

248

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

$30,588

Total Directors

$30,588

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT REED	CEO DIRECTOR & FOUNDER	40.00	Officer Director	$30,588	$0	$30,588
BRANDY WAGENSCHEIN	TREASURER	5.00	Officer Director	$0	$0	$0
JIM DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
BRAD LARZA	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIMOTHY MILLER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHEANDRA SPRAGGINS	SECRETARY	5.00	Officer Director	$0	$0	$0
JAY GARDENHIRE	BOARD MEMBER	5.00	Director	$0	$0	$0
RUSSELL CAMPBELL	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$262,071	$208,123	$94,916	$53,948
2022	$165,036	$222,030	$40,868	$-56,994
2021	$200,349	$161,064	$97,861	$39,285

BROKEN CHAINS INC