RED HOOK SUPPORT CORPORATION (EIN 800816743) - 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

2010

Legal Domicile

Principal Officer

COOPER WESTENDARP

Phone

7188587813

Tax Period

2020-07-01 to 2021-06-30

Mission

TO SUPPORT THE IMPROVEMENT OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN BROOKLYN, NEW YORK, INCLUDING SUPPORT OF PAVE ACADEMY CHARTER SCHOOL IN RED HOOK, BROOKLYN, NEW YORK, THROUGH ACTIVITIES THAT INCLUDE BUT NOT LIMITED TO (A) FINANCIAL SUPPORT THROUGH FUNDRAISING, GRANTS, LOANS, OR OTHER FINANCING, AND OTHER SOURCES OF FINANCIAL SUPPORT, AND (B) OPERATING SUPPORT THROUGH THE IDENTIFICATION, DEVELOPMENT, AND MAINTENANCE OF FACILITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,735,000

Other Expenses $14,735,366

TOTAL EXPENSES $14,750,866

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$277,628	-1.0%
Expenses	$14,750,866	$70,859	+207.2%
Net Income	N/A	$206,769	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COOPER WESTENDARP	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
LISA LURIE	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
MATTHEW NGAI	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY REYNOLDS	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
2021	No data	$14,750,866	$56,103	No data
2020	$277,628	$70,859	$14,863,719	$206,769
2019	$125,117	$145,504	$15,146,700	$-20,387
2018	$115,099	$24,373	$11,673,964	$90,726

RED HOOK SUPPORT CORPORATION