HOUSTON LAUNCH PAD

EIN: 760567116 501(c)(3) Mental Health

HOUSTON, TX

Total Revenue
$622,039
Total Expenses
$653,608
Total Assets
$336,974
Net Assets
$204,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
PRENTICE GOODS
Phone
7137388565
Tax Period
2023-01-01 to 2023-12-31

HOUSTON LAUNCH PAD, founded in 2000, is a small nonprofit in the Mental Health sector that reported $622K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To help bridge the gap from homelessness, addiction, unemployment, and basic skill development to self empowerment

Program Service Accomplishments

Program 1
Expenses: $621,099 Revenue: $622,039

Helping bridge the gap from homelessness, addiction, unemployment, and basic skill development to self enpowerment

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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 $582,000
Program Service Revenue $40,039
Investment Income $0
Other Revenue $0
TOTAL REVENUE $622,039

Expense Breakdown

Grants Paid $0
Salaries & Benefits $375,048
Fundraising Expenses $0
Program Expenses $621,099
Other Expenses $278,560
TOTAL EXPENSES $653,608

Year-over-Year Comparison

2023 2022 Change
Revenue $622,039 $541,514 +0.1%
Expenses $653,608 $557,138 +0.2%
Net Income $-31,569 $-15,624 +1.0%
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
4
Independent Members
4
Employees
3
Volunteers
11

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
1
$69,038
Total Directors
7
$69,038
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Prentice Goods Exec Director 50.00
Officer Director
$69,038 $0 $69,038
Peter Goods B O Directors 1.00
Director
$0 $0 $0
Germane Johnson B O Directors 1.00
Director
$0 $0 $0
Nakada Green B O Directors 1.00
Director
$0 $0 $0
Dr Veronica Parker B O Directors 1.00
Director
$0 $0 $0
Maurice Chevalier B O Directors 1.00
Director
$0 $0 $0
Cedric Raven B O Directors 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 $622,039 $653,608 $336,974 $-31,569
2022 $541,514 $557,138 $236,055 $-15,624
2021 $640,720 $647,325 $251,680 $-6,605
2020 $604,470 $623,883 $258,730 $-19,413
2019 $719,107 $826,255 $278,143 $-107,148
2018 $860,955 $800,324 $385,292 $60,631
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