THE SHED INC (EIN 753121042) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ED BICE

Phone

3347993689

Tax Period

2023-01-01 to 2023-12-31

The Shed Inc, founded in 2004, is a small nonprofit in the Mental Health sector that reported $131K in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $25K, a strong 19% operating margin.

Mission

TO PROVIDE SHELTER, FOOD, COUNSELING, SUPPORT AND JOB ASSISTANCE FOR MEN WHILE THEY ARE OVERCOMING THEIR ADDICTION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $121,033

Program Service Revenue $44,073

Investment Income $0

Other Revenue $0

TOTAL REVENUE $165,106

Expense Breakdown

Grants Paid $4,613

Salaries & Benefits $25,976

Fundraising Expenses $0

Program Expenses $130,950

Other Expenses $102,320

TOTAL EXPENSES $132,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,106	$164,819	+0.0%
Expenses	$132,909	$123,290	+0.1%
Net Income	$32,197	$41,529	-0.2%

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

Volunteers

N/A

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

$24,130

Total Directors

$24,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BICE	PRESIDENT	40.00	Officer Director	$24,130	$0	$24,130
BARBARA BICE	FIRST VICE P	2.00	Officer Director	$0	$0	$0
JADE BICE	THIRD VICE P	2.00	Officer Director	$0	$0	$0
REGINA EDWARDS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ALLEN GUNN	SECOND VICE	2.00	Officer Director	$0	$0	$0
WES GUNN	DIRECTOR	2.00	Director	$0	$0	$0
LILLIAN MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
AL MILLERGREN	DIRECTOR	2.00	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	$165,106	$132,909	$434,511	$32,197
2022	$164,819	$123,290	$400,834	$41,529
2021	$129,608	$137,942	$359,236	$-8,334
2020	$130,392	$117,659	$366,763	$12,733
2019	$116,155	$104,309	$352,487	$11,846
2018	$130,931	$105,797	$341,193	$25,134

THE SHED INC