PLUMB PLACE INC DBA SOUTHWICK HOUSE

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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

1950

Legal Domicile

Principal Officer

JEREMY DORSEY

Phone

9133916526

Tax Period

2023-01-01 to 2023-12-31

PLUMB PLACE INC DBA SOUTHWICK HOUSE, founded in 1950, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2023. Expenses of $44K exceeded revenue, resulting in a 76% operating deficit.

Mission

TO ASSIST WOMEN IN NEED BY PROVIDING SAFE, AFFORDABLE HOUSING AND OPPORTUNITIES FOR SUCCESS

Program Service Accomplishments

Program 1

Expenses: $0

SOUTHWICK HOUSE PROVIDES CONGREGATE AND NON-CONGREGATE HOUSING TO WOMEN, SINGLE PARENTS, AND FAMILIES. OUR MISSION IS TO EMPOWER INDIVIDUALS AND FAMILIES THROUGH TRANSITIONAL HOUSING AND SUPPORTIVE...

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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 $25,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,340

Fundraising Expenses $0

Other Expenses $28,745

TOTAL EXPENSES $44,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,000	$-237,069	-1.1%
Expenses	$44,085	$41,589	+0.1%
Net Income	$-19,085	$-278,658	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY DORSEY	CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY MERCER	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER HORST	SECRETARY	1.00	Officer Director	$0	$0	$0
WENDI SOENDKER	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
DEONE WILSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY FRANK	DIRECTOR	1.00	Director	$0	$0	$0
KELLY KINGSLEY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL STEINEL	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK TORRES	DIRECTOR	1.00	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	$25,000	$44,085	$178,798	$-19,085
2022	$-237,069	$41,589	$196,943	$-278,658
2021	$28,900	$15,779	$475,601	$13,121
2020	$109,230	$119,890	$464,619	$-10,660
2019	$148,102	$141,778	$474,147	$6,324
2018	$185,404	$193,859	$470,317	$-8,455