THE BRENDAN CORPORATION (EIN 521516919) - 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

1986

Legal Domicile

Principal Officer

JOANNE DORVAL

Phone

2026382788

Tax Period

2023-01-01 to 2023-12-31

THE BRENDAN CORPORATION, founded in 1986, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $290K exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE SAILING EDUCATIONAL PROGRAMS TO YOUTHS WITH LEARNING DIFFERENCES, AND TRAINING FOR SAILING INSTRUCTORS TO SERVE THIS COMMUNITY, BUILDING PATHWAYS TO SELF-CONFIDENCE AND PERSONAL GROWTH THROUGH INDIVIDUALLY TAILORED EXPERIENTIAL INSTRUCTION.

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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 $142,185

Program Service Revenue $62,315

Investment Income $3,075

Other Revenue $0

TOTAL REVENUE $207,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,463

Fundraising Expenses $17,827

Program Expenses $169,153

Other Expenses $187,349

TOTAL EXPENSES $289,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,575	$464,000	-0.6%
Expenses	$289,812	$258,886	+0.1%
Net Income	$-82,237	$205,114	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC APTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LEX BIRNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA KESSLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD LOCHNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY MATTHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT-HARRIS REPASS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRICK COGBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES P MULDOON SR	CHAIRMAN	1.00	Officer	$0	$0	$0
JOANNE M DORVAL	BOARD PRESIDENT	1.00	Officer	$0	$0	$0
RICH FRANKE	BOARD SECRETARY	1.00	Officer	$0	$0	$0
ROBERTA WILSON	BOARD TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$207,575	$289,812	$188,781	$-82,237
2022	$464,000	$258,886	$264,957	$205,114
2019	$280,247	$257,235	$45,486	$23,012

THE BRENDAN CORPORATION