DAYBREAK INC (EIN 570760670) - 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

1983

Legal Domicile

Principal Officer

BRENNAN ASCHELMAN

Phone

8037716634

Tax Period

2023-01-01 to 2023-12-31

DAYBREAK INC, founded in 1983, is a small nonprofit in the Civil Rights & Advocacy sector that reported $602K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $269K, a strong 45% operating margin.

Mission

THE MISSION OF DAYBREAK IS TO EMPOWER WOMEN, MEN, AND FAMILIES IN THE MIDLANDS OF SOUTH CAROLINA TO CHOOSE THE MOST POSITIVE, HEALTHY, ABUNDANT LIFE FOR THEMSELVES AND THE UNBORN BY PROVIDING EXCEPTIONAL CARE, EDUCATION, AND MEDICAL INFORMATION ABOUT SEXUAL HEALTH AND PREGNANCY

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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 $490,825

Program Service Revenue $0

Investment Income $11,982

Other Revenue $99,593

TOTAL REVENUE $602,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,101

Fundraising Expenses $29,235

Program Expenses $259,296

Other Expenses $114,162

TOTAL EXPENSES $333,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,400	$410,812	+0.5%
Expenses	$333,263	$346,913	0.0%
Net Income	$269,137	$63,899	+3.2%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
XAVIERA LATTA	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES FLESHMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENNAN ASCHLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDRE MELVIN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RYAN MOLONY	BOARD MEMBER	2.00	Director	$0	$0	$0
SHEILA BELTON	BOARD MEMBER	2.00	Director	$0	$0	$0
EDDIE BENTON	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000

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	$602,400	$333,263	$1,656,244	$269,137
2022	$410,812	$346,913	$1,386,811	$63,899
2021	$438,530	$396,764	$1,327,370	$41,766
2020	$367,490	$418,660	$1,279,951	$-51,170
2019	$517,920	$456,110	$1,392,235	$61,810
2018	$485,827	$454,132	$1,322,884	$31,695

DAYBREAK INC