SALTBOX HOMES INC (EIN 474598987) - 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

WILLIAM TAYLOR

Phone

7324583800

Tax Period

2023-01-01 to 2023-12-31

SALTBOX HOMES INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 98% operating margin.

Mission

TO BUILD OR REFURBISH EXISTING RESIDENCES IN OCEAN AND MONMOUTH COUNTIES TO DEVELOP RESIDENCE FOR PERSONS OF MODEST INCOME USING INNOVATIVE AND EFFECTIVE METHODS

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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 $10,000

Program Service Revenue $0

Investment Income $783

Other Revenue $0

TOTAL REVENUE $10,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $246

TOTAL EXPENSES $246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,783	$130,720	-0.9%
Expenses	$246	$4,577	-0.9%
Net Income	$10,537	$126,143	-0.9%

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

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
WILLIAM BARR	VICE PRESIDENT	10.00	Officer	$0	$0	$0
WILLIAM TAYLOR	PRESIDENT	10.00	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
2023	$10,783	$246	$1,371,111	$10,537
2022	$130,720	$4,577	$1,127,070	$126,143
2021	$35,122	$1,737	$1,017,578	$33,385
2020	$-9,147	$1,278	$485,283	$-10,425
2019	No data	$1,404	$405,839	No data
2018	No data	$3,883	$120,100	No data

SALTBOX HOMES INC