BONCREST RESOURCE GROUP INC (EIN 815401208) - 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

MAURICE M ROSENBAUM

Phone

6785389653

Tax Period

2023-01-01 to 2023-12-31

BONCREST RESOURCE GROUP INC, founded in 2017, is a small nonprofit in the Health Care sector that reported $335K in total revenue in fiscal year 2023. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 50% operating margin.

Mission

BONCREST IS A TAX-EXEMPT ORGANIZATION FORMED FOR THE PURPOSE OF OWNING AND OPERATING HEALTHCARE PROVIDERS.

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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 $0

Program Service Revenue $335,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $335,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,000

Fundraising Expenses $0

Program Expenses $148,804

Other Expenses $32,904

TOTAL EXPENSES $168,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,000	$120,000	+1.8%
Expenses	$168,904	$105,258	+0.6%
Net Income	$166,096	$14,742	+10.3%

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

N/A

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

$43,000

Total Directors

$58,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE ROSENBAUM	CEO/CHAIRMAN	11.00	Officer Director	$30,500	$0	$30,500
AMELIA BAKER	SECRETARY	1.00	Officer Director	$12,500	$0	$12,500
FRANK CORRIGAN	DIRECTOR	1.00	Director	$12,000	$0	$12,000
SIMRAN SINGH	DIRECTOR	1.00	Director	$3,000	$0	$3,000
THOMAS WILLIAM BAKER	FORMER CEO, CHAIRMAN (END 10/23)	30.00		$78,000	$0	$78,000

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	No data	No data	No data	No data
2023	$335,000	$168,904	$219,463	$166,096
2022	$120,000	$105,258	$53,189	$14,742

BONCREST RESOURCE GROUP INC