Iris House Inc (EIN 814865384) - 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

2017

Legal Domicile

Principal Officer

Rebecca Reeves

Phone

3073332507

Tax Period

2024-01-01 to 2024-12-31

Iris House Inc, founded in 2017, is a small nonprofit in the Mental Health sector that reported $183K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $208K exceeded revenue, resulting in a 14% operating deficit.

Mission

The mission of Iris Clubhouse is to save lives, remove barriers and build success stories for people with mental illness. This is accomplished through meaningful work, employment opportunities, education and access to effective services and support.

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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 $157,325

Program Service Revenue $0

Investment Income $0

Other Revenue $25,254

TOTAL REVENUE $182,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,068

Fundraising Expenses $0

Program Expenses $207,836

Other Expenses $68,768

TOTAL EXPENSES $207,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,579	$164,863	+0.1%
Expenses	$207,836	$175,767	+0.2%
Net Income	$-25,257	$-10,904	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Bovee	Director	2.00	Director	$0	$0	$0
Seth Wheeler	Director	2.00	Director	$0	$0	$0
Sally Schuldies	Director	2.00	Director	$0	$0	$0
Erin Shipley	Director	2.00	Director	$0	$0	$0
Martha Decker	Director	2.00	Director	$0	$0	$0
Josh Calvert	Director	2.00	Director	$0	$0	$0
Olivia Schon	Director	2.00	Director	$0	$0	$0
Grace Filkins	Executive Dir.	40.00	Officer	$0	$0	$0
Becky Foster	Treasurer	2.00	Officer	$0	$0	$0
Annie Sanders	President	2.00	Officer	$0	$0	$0
Charlie Powell	Vice President	2.00	Officer	$0	$0	$0
Patty Bratton	Secretary	2.00	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
2024	$182,579	$207,836	$734,125	$-25,257
2023	$164,863	$175,767	$759,997	$-10,904
2022	$136,635	$151,287	$770,850	$-14,652
2021	$258,794	$92,069	$784,441	$166,725
2020	$550,902	$76,826	$618,381	$474,076

Iris House Inc