TLC HOMELESSNESS BOARD (EIN 721604255) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

TLC HOMELESSNESS BOARD