HOUSTON LAUNCH PAD (EIN 760567116) - 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

2000

Legal Domicile

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

🔒

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 $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

🔒

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

$69,038

Total Directors

$69,038

Key Employees

Highest Compensated

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

HOUSTON LAUNCH PAD