BRADS HOUSE

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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

2021

Legal Domicile

Principal Officer

SAMANTHA THOMPSON

Phone

7196393776

Tax Period

2023-01-01 to 2023-12-31

BRADS HOUSE, founded in 2021, is a small nonprofit in the Human Services sector that reported $278K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $309K exceeded revenue, resulting in a 11% operating deficit.

Mission

BRADS HOUSE IS AN ORGANIZATION THAT ASSISTS WITH THE CARE, WELLBEING,AND QUALITY OF LIFE FOR YOUTH PLACED IN QRTP IN THE STATE OF COLORADO

Program Service Accomplishments

Program 1

Expenses: $308,926 Revenue: $256,197

QRTP YOUTH DEVELOPMENT, CARE, WELL BEING, & QUALITY OF LIFE

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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 $22,170

Program Service Revenue $256,197

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $308,926

Other Expenses $308,926

TOTAL EXPENSES $308,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,367	$347,185	-0.2%
Expenses	$308,926	$361,503	-0.1%
Net Income	$-30,559	$-14,318	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS THOMPSON	DIRECTOR	40.00	Director	$0	$0	$0
SAMANTHA THOMPSON	DIRECTOR	40.00	Director	$0	$0	$0
WILLIAM THOMPSON	DIRECTOR	40.00	Director	$0	$0	$0
DOUGLAS CORDOVA	PRESIDENT	5.00	Officer	$0	$0	$0
JOHN CORDOVA	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SHIRLEY THOMPSON	SECRETARY	5.00	Officer	$0	$0	$0
KRISTINA VIAO	TREASURER	5.00	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
2023	$278,367	$308,926	$22,746	$-30,559
2022	$347,185	$361,503	$53,305	$-14,318
2021	$273,419	$237,399	$67,201	$36,020