TULIPWOOD CORPORATION (EIN 621034597) - 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

1977

Legal Domicile

Principal Officer

BRAD DAVIS

Phone

6154184252

Tax Period

2024-07-01 to 2025-06-30

TULIPWOOD CORPORATION, founded in 1977, is a micro nonprofit that reported $48K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 5334% operating deficit.

Mission

PROVIDE ELDERLY AFFORDABLE HOUSING.

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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 $0

Investment Income $48,440

Other Revenue $0

TOTAL REVENUE $48,440

Expense Breakdown

Grants Paid $2,632,246

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,632,246

Other Expenses $0

TOTAL EXPENSES $2,632,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,440	$2,568,520	-1.0%
Expenses	$2,632,246	$458,254	+4.7%
Net Income	$-2,583,806	$2,110,266	-2.2%

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

N/A

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
BRAD DAVIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
SAM CHESSOR	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ALAN POTTS	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
BOBBY MCFARLIN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE GOODPASTURE	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL CHESSOR	DIRECTOR	0.50	Director	$0	$0	$0
RANDY JAMES	DIRECTOR	0.50	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
2025	$48,440	$2,632,246	No data	$-2,583,806
2024	$2,568,520	$458,254	$2,583,806	$2,110,266
2023	$873,732	$844,602	$555,446	$29,130
2022	$847,387	$643,288	$524,092	$204,099
2021	$830,840	$771,067	$483,947	$59,773
2020	$817,927	$593,281	$594,605	$224,646
2019	$801,181	$608,889	$557,177	$192,292
2018	$788,868	$686,867	$533,807	$102,001

TULIPWOOD CORPORATION