Larkin Inc (EIN 550718164) - 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

1992

Legal Domicile

Principal Officer

Melissa Law

Tax Period

2024-01-01 to 2024-12-31

Larkin Inc, founded in 1992, is a micro nonprofit that reported $79K in total revenue in fiscal year 2024. Expenses of $113K exceeded revenue, resulting in a 44% operating deficit.

Mission

To provide housing for adults with psychiatric disabilities.

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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 $0

Program Service Revenue $78,653

Investment Income $5

Other Revenue $0

TOTAL REVENUE $78,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,485

Other Expenses $113,485

TOTAL EXPENSES $113,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,658	$73,946	+0.1%
Expenses	$113,485	$153,724	-0.3%
Net Income	$-34,827	$-79,778	-0.6%

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

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	Role	Reportable Comp	Other Comp	Total
Melissa Law	President	Officer Director	$0	$0	$0
Christina Welshans	Secretary	Officer Director	$0	$0	$0
Ray Braun	Treasurer	Officer Director	$0	$0	$0
April Roskelly	Board Member	Director	$0	$0	$0
Charity Carroll	Board Member	Director	$0	$0	$0
Rodger Goff	Board Member	Director	$0	$0	$0
Jada Jewell	Board Member	Director	$0	$0	$0
Jolene Mestrovic	Board Member	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	$78,658	$113,485	$202,298	$-34,827
2024	$73,946	$153,724	$250,379	$-79,778
2023	$67,255	$103,419	$309,229	$-36,164
2022	$61,321	$103,332	$323,291	$-42,011
2021	$61,964	$96,801	$324,194	$-34,837
2020	$63,252	$76,653	$339,454	$-13,401
2019	$62,524	$92,479	$332,670	$-29,955
2018	$57,659	$76,056	$363,872	$-18,397

Larkin Inc