HANDS OF HEALING RESIDENTIAL T DBA HANDS OF HEALING (EIN 743217847) - 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

Legal Domicile

Principal Officer

VICTOR A WEETLY

Tax Period

2023-01-01 to 2023-12-31

HANDS OF HEALING RESIDENTIAL T DBA HANDS OF HEALING is a mid-sized nonprofit in the Human Services sector that reported $20.5M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $19.4M left a modest 5% surplus.

Mission

PROVIDES THE FOLLOWING SERVICES RESIDENTIAL HOME FOR DISADVANTAGED YOUTH AND CHILD PLACEMENT AGENCY INCLUDING PLACEMENT OF UNACCOMPANIED MINORS ENTERING THE US.

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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 $3,540

Program Service Revenue $20,530,731

Investment Income $6,812

Other Revenue $0

TOTAL REVENUE $20,541,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,738,269

Fundraising Expenses $0

Program Expenses $17,854,611

Other Expenses $8,691,247

TOTAL EXPENSES $19,429,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,541,083	$9,570,618	+1.1%
Expenses	$19,429,516	$9,408,952	+1.1%
Net Income	$1,111,567	$161,666	+5.9%

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

449

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

$725,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KELCHNER	BOARD CHAIR	2	Officer	$0	$0	$0
VICTOR WEETLY	DIRECTOR	40	Officer	$241,750	$0	$241,750
SHIELA WEETLY	DIRECTOR	40	Officer	$241,750	$0	$241,750
CHARLES HURST	DIRECTOR	40	Officer	$241,750	$0	$241,750
RENEE BAILEY	DIRECTOR	2	Officer	$0	$0	$0
CHARLENE RODGE	DIRECTOR	2	Officer	$0	$0	$0
BLANCO BETANCO	DIRECTOR	2	Officer	$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	No data	No data	No data	No data
2023	$20,541,083	$19,429,516	$6,398,846	$1,111,567
2022	$9,570,618	$9,408,952	$4,468,211	$161,666
2022	$9,583,502	$9,243,211	$2,748,563	$340,291
2021	$6,174,259	$6,221,106	$2,102,648	$-46,847
2020	$5,655,110	$5,143,493	$2,057,295	$511,617
2019	$3,605,004	$3,294,521	$1,631,869	$310,483
2018	$2,796,615	$2,494,802	$1,296,069	$301,813

HANDS OF HEALING RESIDENTIAL T DBA HANDS OF HEALING