SIMPLY THE BASICS (EIN 811369151) - 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

2016

Legal Domicile

Principal Officer

MEGHAN FREEBECK

Phone

4157421286

Tax Period

2023-07-01 to 2024-06-30

SIMPLY THE BASICS, founded in 2016, is a small nonprofit in the Human Services sector that reported $424K in total revenue in fiscal year 2023.

Mission

SIMPLY THE BASICS IS DEDICATED TO PROVIDING FOR PEOPLE AND COMMUNITIES THEIR MOST BASIC NEEDS WITH DIGNITY SO THAT THEY CAN FOCUS ON GREATER GOALS. SIMPLY THE BASICS PROVIDES NECESSITIES FOR THE LOW-INCOME COMMUNITY, PEOPLE EXPERIENCING HOMELESSNESS, AND ANYONE WHO WOULD OTHERWISE HAVE DIFICULTY ACCESSING CARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $423,828

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $423,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,835

Fundraising Expenses $6,084

Program Expenses $385,799

Other Expenses $252,670

TOTAL EXPENSES $460,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,828	$443,789	0.0%
Expenses	$460,505	$365,318	+0.3%
Net Income	$-36,677	$78,471	-1.5%

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

3137

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

$101,288

Total Directors

$101,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN FREEBECK	President	40.00	Officer Director	$101,288	$0	$101,288
ROBERT PERRY	Director	1.00	Director	$0	$0	$0
LYDIA MONTAGNESE	Vice President	1.00	Officer Director	$0	$0	$0
MIKE DAHN	Director	1.00	Director	$0	$0	$0
PRIYA GUPTA	Treasurer	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$423,828	$460,505	$230,576	$-36,677
2023	$443,789	$365,318	$246,917	$78,471
2022	$366,867	$331,160	$168,446	$35,707
2021	$262,058	$259,964	$133,265	$2,094
2020	$215,167	$255,542	$131,171	$-40,375
2018	$229,084	$126,542	$168,406	$102,542

SIMPLY THE BASICS