SIMON KENTON BRIDGES OF HOPE (EIN 810827749) - 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

2015

Legal Domicile

Principal Officer

WILLIAM URSCHEL

Phone

9378674073

Tax Period

2024-01-01 to 2024-12-31

SIMON KENTON BRIDGES OF HOPE, founded in 2015, is a small nonprofit in the Human Services sector that reported $469K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $577K exceeded revenue, resulting in a 23% operating deficit.

Mission

BRIDGES OF HOPE PROVIDES SERVICES TO PEOPLE WHO ARE HOMELESS, ADDICTED, OR IN POVERTY. WE OPERATE AN EMERGENCY SHELTER FOR HOMELESS ADULTS AND CONNECT THEM TO OTHER AGENCIES, SERVICES, AND MINISTRIES FOR ASSISTANCE.

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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 $532,677

Program Service Revenue $0

Investment Income $3,376

Other Revenue $-66,714

TOTAL REVENUE $469,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,761

Fundraising Expenses $0

Program Expenses $476,816

Other Expenses $208,478

TOTAL EXPENSES $577,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,339	$504,375	-0.1%
Expenses	$577,239	$676,101	-0.1%
Net Income	$-107,900	$-171,726	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM URSCHEL	BOARD PRESID	2.00	Officer	$0	$0	$0
WILLIAM SCHWOCHOW	VICE PRESIDE	2.00	Officer	$0	$0	$0
TOM KORNBAU	TREASURER	2.00	Officer	$0	$0	$0
STEVE HUFF	SECRETARY	1.00	Officer	$0	$0	$0
JUDD BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY ARSENAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA BAYLESS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNY GARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN ROBBINS	BOARD MEMBER	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	$469,339	$577,239	$457,050	$-107,900
2023	$504,375	$676,101	$532,763	$-171,726
2022	$696,513	$387,300	$854,487	$309,213
2021	$463,170	$256,407	$378,233	$206,763
2020	$281,012	$230,989	$198,425	$50,023
2019	$236,362	$202,338	$121,447	$34,024

SIMON KENTON BRIDGES OF HOPE