Hats of Wisdom

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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

2017

Legal Domicile

Principal Officer

Josephine Barry

Phone

9078037002

Tax Period

2023-07-01 to 2024-06-30

Hats of Wisdom, founded in 2017, is a small nonprofit in the Mental Health sector that reported $470K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

To create a collaboration within the Deltana area that supports behavioral health needs, in order to decrease stigma, build awareness and educate community members.

Program Service Accomplishments

Program 1

Expenses: $272,555

Provided affordable and holistic behavioral health services to over 180 individuals, couples and families of the Delta Junction Community over a total of approximately 1,600 sessions.

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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 $28,038

Program Service Revenue $442,141

Investment Income $11

Other Revenue $0

TOTAL REVENUE $470,190

Expense Breakdown

Grants Paid $3,803

Salaries & Benefits $277,974

Fundraising Expenses $0

Program Expenses $272,555

Other Expenses $203,562

TOTAL EXPENSES $485,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$470,190	$321,514	+0.5%
Expenses	$485,339	$387,481	+0.3%
Net Income	$-15,149	$-65,967	-0.8%

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

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

$58,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Josephine Barry	CEO	40.00	Officer	$58,155	$0	$58,155
Amanda Turnbull	President	0.50	Officer	$0	$0	$0
Leah Byam	Secretary	0.50	Officer	$0	$0	$0
Jessie Spencer	Vice President	0.50	Officer	$0	$0	$0
Sean Richardson	Finance Officer	0.50	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	$470,190	$485,339	$64,984	$-15,149
2023	$321,514	$387,481	$109,146	$-65,967
2022	$372,456	$402,869	$173,289	$-30,413
2021	$271,235	$263,093	$190,578	$8,142
2020	$299,361	$315,331	$121,688	$-15,970
2020	$315,657	$315,331	$137,984	$326
2019	$276,728	$288,045	$111,590	$-11,317