MENDING-THE-GAP INC (EIN 800680633) - 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

Formation Year

2011

Legal Domicile

Principal Officer

FAY JOSEPHS

Phone

6789784963

Tax Period

2024-01-01 to 2024-12-31

MENDING-THE-GAP INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $355K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

KEEPING SENIORS HEALTHY, INDEPENDENT, AND CONNECTED. MENDING THE GAP INC. PROVIDES SENIORS WITH ONE-ON-ONE SUPPORTIVE SERVICES THAT WILL MEET THEIR BASIC NEEDS AND ALLEVIATE ISOLATION WHILE CREATING HEALTHY AND FULFILLING RELATIONSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $359,039

Program Service Revenue $8

Investment Income $0

Other Revenue $-3,657

TOTAL REVENUE $355,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,918

Fundraising Expenses $0

Program Expenses $359,242

Other Expenses $314,324

TOTAL EXPENSES $359,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,390	$558,678	-0.4%
Expenses	$359,242	$57,357	+5.3%
Net Income	$-3,852	$501,321	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LEWIS	CHAIRPERSON	005.00	Officer	$0	$0	$0
FAY JOSEPHS	SECRETARY	040.00	Highest	$38,769	$0	$38,769
MARY THOMPSON	TREASURER	005.00	Officer	$0	$0	$0
LISA ADAMS-FORD	MEMBERS	005.00	Officer	$0	$0	$0
JACKI EDWARDS-DALEY	MEMBER	005.00	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
2025	No data	No data	No data	No data
2024	$355,390	$359,242	$32,981	$-3,852
2023	$558,678	$558,132	$37,347	$546
2022	$390,780	$415,421	$36,458	$-24,641
2021	$229,962	$236,051	$61,473	$-6,089

MENDING-THE-GAP INC