HAPPY HOUSE INC (EIN 591294906) - 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

1970

Legal Domicile

Principal Officer

SUSIE HALL

Phone

3867524736

Tax Period

2024-01-01 to 2024-12-31

HAPPY HOUSE INC, founded in 1970, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MATERIAL, SOCIAL, EDUCATIONAL AND MORAL WELL-BEING OF THE CHILDREN OF LAKE CITY, FL; PROMOTE THE HIGHEST PRINCIPALS OF HONOR, INTEGRITY AND MORALITY IN THE COMMUNITY; AND OFFER SERVICES AND ACTIVITIES

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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 $206,615

Program Service Revenue $990,120

Investment Income $1,904

Other Revenue $0

TOTAL REVENUE $1,198,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $981,843

Fundraising Expenses $0

Program Expenses $1,302,791

Other Expenses $473,860

TOTAL EXPENSES $1,455,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,198,639	$1,755,506	-0.3%
Expenses	$1,455,703	$1,511,468	0.0%
Net Income	$-257,064	$244,038	-2.1%

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

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
SUSIE HALL	CHAIRPERSON	2.00	Officer	$0	$0	$0
MARCIA KAZMIERSKI	SECRETARY	1.00	Officer	$0	$0	$0
CHERYL MORGAN	TREASURER	1.00	Officer	$0	$0	$0
SHERYLL WALKER	EXECUTIVE DIRECTOR	40.00		$67,779	$0	$67,779
GLORIA BEDENBAUGH	FINANCE DIRECTOR	40.00		$46,389	$0	$46,389
SANDRA FOREMAN	MEMBER	1.00	Director	$0	$0	$0
MELINDA MOSES	MEMBER	1.00	Director	$0	$0	$0
GEORGIA SMITH	MEMBER	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	$1,198,639	$1,455,703	$787,426	$-257,064
2023	$1,755,506	$1,511,468	$961,788	$244,038
2022	$1,236,754	$1,215,270	$725,814	$21,484
2021	$915,740	$1,208,032	$712,206	$-292,292
2020	$1,680,001	$1,295,657	$1,012,431	$384,344
2019	$1,317,011	$1,303,519	$642,037	$13,492
2018	$1,448,208	$1,360,760	$574,351	$87,448

HAPPY HOUSE INC