DAY RESOURCE CENTER FOR HOMELESS

EIN: 752747809 501(c)(3) Community Improvement

FORT WORTH, TX

Total Revenue
$2,761,336
Total Expenses
$2,840,456
Total Assets
$406,625
Net Assets
$300,678
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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
1998
Legal Domicile
TX
Principal Officer
BRUCE FRANKEL
Phone
8178109797
Tax Period
2023-01-01 to 2023-12-31

DAY RESOURCE CENTER FOR HOMELESS, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2023.

Mission

DRC Solutions' (formerly known as the Day Resource Center for the Homeless) mission is to provide respectful, responsible, and effective community-based solutions to help individuals and families emerge from homelessness as productive, healthy people.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,776,487
Program Service Revenue $0
Investment Income $0
Other Revenue $-15,151
TOTAL REVENUE $2,761,336

Expense Breakdown

Grants Paid $603,060
Salaries & Benefits $1,756,964
Fundraising Expenses $188,950
Program Expenses $2,526,668
Other Expenses $480,432
TOTAL EXPENSES $2,840,456

Year-over-Year Comparison

2023 2022 Change
Revenue $2,761,336 $2,673,753 +0.0%
Expenses $2,840,456 $2,595,796 +0.1%
Net Income $-79,120 $77,957 -2.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
32
Volunteers
22

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
5
$158,480
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE FRANKEL Executive Dir. 40.00
Officer
$138,998 $19,482 $158,480
TERRELL MCCOY Director 1.00
Director
$0 $0 $0
BRENT COMSTOCK Director 1.00
Director
$0 $0 $0
MICHELLE GREEN-FORD Director 1.00
Director
$0 $0 $0
WAYNE POLLARD Director 1.00
Director
$0 $0 $0
JASON HALL Chairman 1.00
Officer Director
$0 $0 $0
DR JAMES PETROVICH Director 1.00
Director
$0 $0 $0
CHARME ROBARTS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BERNIE SCHEFFLER Director 1.00
Director
$0 $0 $0
ROBERT MCCARTHY Treasurer 1.00
Officer Director
$0 $0 $0
ARIC SHORT Secretary 1.00
Officer Director
$0 $0 $0
CAROL HENDRIX Director 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 No data No data No data No data
2023 $2,761,336 $2,840,456 $406,625 $-79,120
2022 $2,673,753 $2,595,796 $480,773 $77,957
2021 $2,190,663 $2,001,008 $352,912 $189,655
2020 $2,201,308 $2,274,260 $239,988 $-72,952
2019 $1,732,354 $1,778,905 $225,465 $-46,551
2018 $1,926,301 $1,905,699 $258,142 $20,602
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