PIRATE SPRINGS

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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

PAUL HOOK

Phone

4234764860

Tax Period

2024-01-01 to 2024-12-31

PIRATE SPRINGS, founded in 2015, is a small nonprofit in the Human Services sector that reported $430K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum.

Mission

PROVIDE A HOLISTIC APPROACH TO RECOVERY AND ASSIST THOSE IN RECOVERY FROM ADDICTION WITH FORMING A NEW WAY TO LIVE.

Program Service Accomplishments

Program 1

Expenses: $399,112 Revenue: $320,638

PIRATE SPRINGS PROVIDES A HOLISTIC APPROACH TO RECOVERY AND ASSISTS THOSE IN RECOVERY FROM ADDICTION WITH FORMING A NEW WAY TO LIVE. THE ORGANIZATION PROVIDES A BROAD BASE OF RESOURCES TO THOSE IN...

PIRATE SPRINGS PROVIDES A HOLISTIC APPROACH TO RECOVERY AND ASSISTS THOSE IN RECOVERY FROM ADDICTION WITH FORMING A NEW WAY TO LIVE. THE ORGANIZATION PROVIDES A BROAD BASE OF RESOURCES TO THOSE IN RECOVERY AND REINTEGRATION WITH SOCIETY INCLUDING PREVENTION PRESENTATIONS, RESOURCES TO RECOVERY, TRANSITIONAL JOBS, AND JOB TRAINING. THE GOAL IS TO PROVIDE GAP CLOSING SERVICES TO LIMIT THE MANY INCIDENCES OF RECIDIVISM THAT COULD BE PREVENTED. CURRENT PROGRAM SERVICES INCLUDE: INTERIM CONTRACT EMPLOYMENT SERVICES FOR INDIVIDUALS IN HALF WAY HOUSES AND A PIRATE SPRINGS OPERATED RECOVERY HOME FOR WOMEN AND WOMEN WITH CHILDREN THAT INCLUDES FAMILY RE- UNIFICATION ASSISTANCE SERVICES.

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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 $109,834

Program Service Revenue $317,965

Investment Income $0

Other Revenue $2,673

TOTAL REVENUE $430,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,625

Fundraising Expenses $0

Program Expenses $399,112

Other Expenses $307,282

TOTAL EXPENSES $444,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,472	$237,267	+0.8%
Expenses	$444,907	$260,974	+0.7%
Net Income	$-14,435	$-23,707	-0.4%

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

$41,600

Total Directors

$20,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE HOOK LMSW	CHAIRMAN	35.00	Officer Director	$20,800	$0	$20,800
JOHN CHROSTOWSKI MD	DIR/CHIEF MEDICAL	2.00	Director	$0	$0	$0
DANIELLE KOHLER MSMHC	SECRETARY	2.00	Officer Director	$0	$0	$0
SYDNEY BRAZELTON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL HOOK	PRESIDENT/CEO	40.00	Officer	$20,800	$0	$20,800

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	$430,472	$444,907	$459,445	$-14,435
2023	$237,267	$260,974	$434,430	$-23,707
2022	$190,152	$275,424	$451,313	$-85,272
2021	$215,479	$253,273	$31,038	$-37,794
2020	$292,251	$293,434	$46,176	$-1,183
2019	$306,980	$298,558	$42,709	$8,422
2018	$268,207	$257,751	$32,471	$10,456