TLC HOMELESSNESS BOARD

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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

2005

Legal Domicile

Principal Officer

WILLIAM BRENNAN

Phone

4192449440

Tax Period

2023-01-01 to 2023-12-31

TLC HOMELESSNESS BOARD, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE LEADERSHIP FOR THE ELIMINATION OF HOMELESSNESS IN LUCAS COUNTY.

Program Service Accomplishments

Program 1

Expenses: $253,463

COORDINATE, OVERSEE AND MONITOR THE COMMUNITY RESPONSE TO ENDING HOMELESSNESS; LEAD AGENCY FOR THE LOCAL CONTINUUM OF CARE; CREATE COMMUNITY AWARENESS AND HOLD AN ANNUAL CONGRESS TO INVITE NEW...

COORDINATE, OVERSEE AND MONITOR THE COMMUNITY RESPONSE TO ENDING HOMELESSNESS; LEAD AGENCY FOR THE LOCAL CONTINUUM OF CARE; CREATE COMMUNITY AWARENESS AND HOLD AN ANNUAL CONGRESS TO INVITE NEW MEMBERS TO THE COC AND UPDATE COMMUNITY.

Program 2

Expenses: $83,913

HOUSE THE HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS) AND PROVIDE MONITORING AND OVERSIGHT FOR THE COC HMIS PROCESSES; PROVIDE REPORTS AND TRAINING RELATED TO THE HMIS SYSTEM AND DATA GATHERING...

HOUSE THE HOMELESS MANAGEMENT INFORMATION SYSTEM (HMIS) AND PROVIDE MONITORING AND OVERSIGHT FOR THE COC HMIS PROCESSES; PROVIDE REPORTS AND TRAINING RELATED TO THE HMIS SYSTEM AND DATA GATHERING EFFORTS; PROVIDE MONTHLY, QUARTERLY AND ANNUAL REPORTS AS REQUIRED TO HUD AND OTHER FUNDERS.

Program 3

Expenses: $2,123,429

OVERSIGHT AND ADMINISTRATION OF FEDERAL, STATE AND LOCAL GRANTS FOR THE ELIMINATION OF HOMELESSNESS WITHIN THE TOLEDO LUCAS COUNTY COC. WORKING IN CONJUNCTION WITH THE CITY OF TOLEDO AND THE LUCAS...

OVERSIGHT AND ADMINISTRATION OF FEDERAL, STATE AND LOCAL GRANTS FOR THE ELIMINATION OF HOMELESSNESS WITHIN THE TOLEDO LUCAS COUNTY COC. WORKING IN CONJUNCTION WITH THE CITY OF TOLEDO AND THE LUCAS COUNTY COMMISSIONERS, OVERSEE THE HOMELESS PREVENTION AND HOUSING PLACEMENT PROGRAMS, DIRECT FINANCIAL ASSISTANCE AND HMIS SYSTEM. NUMEROUS HOUSEHOLDS WERE SERVED THROUGH DIRECT FINANCIAL ASSISTANCE AND CASE MANAGEMENT SERVICES IN THE TOLEDO/LUCAS COUNTY AREA.

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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 $2,397,383

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,397,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $948,467

Fundraising Expenses $17,088

Program Expenses $2,460,805

Other Expenses $1,778,145

TOTAL EXPENSES $2,726,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,397,383	$3,170,599	-0.2%
Expenses	$2,726,612	$3,161,883	-0.1%
Net Income	$-329,229	$8,716	-38.8%

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

$111,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BRENNAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETE GERKEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SCOTT SYLAK	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIE FLANNERY	TREASURER	2.00	Officer Director	$0	$0	$0
DEVON OVERTON	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL GAGNON	BOARD MEMBER	2.00	Director	$0	$0	$0
MANDY PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL HART	EXECUTIVE DI	40.00	Director	$99,378	$11,652	$111,030

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	$2,397,383	$2,726,612	$1,744,584	$-329,229
2022	$3,170,599	$3,161,883	$882,331	$8,716
2021	$1,808,382	$1,802,479	$562,667	$5,903
2020	$1,743,400	$1,724,658	$507,430	$18,742
2019	$1,018,410	$1,013,820	$80,658	$4,590
2018	$1,062,944	$1,130,841	$84,479	$-67,897