B A R E TRUTH

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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

2018

Legal Domicile

Principal Officer

JOSEPH BRADFORD III

Phone

8165171858

Tax Period

2024-01-01 to 2024-12-31

B A R E TRUTH, founded in 2018, is a small nonprofit in the Human Services sector that reported $884K in total revenue in fiscal year 2024. Revenue surged 562% from the prior year, signaling strong growth momentum.

Mission

B.A.R.E. TRUTH IS AN ORGANIZATION THAT PROVIDES MENTORSHIP, INDEPENDENT LIVING ASSISTANCE AND WELLNESS SERVICES TO IMPOVERISHED INDIVIDUALS AND FAMILIES, HELPING THEM ATTAIN HEALTHY, PURPOSE-DRIVEN LIVES, ULTIMATELY CHANGING THE ECONOMIC AND LIVING CONDITIONS OF COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $516,167

THE ORGANIZATION'S FIRST MISSION IS TO PROVIDE HOUSING FOR HOMELESS PEOPLE IN THE STATE OF CALIFORNIA. THE ORGANIZATION PARTNERS WITH STATE OF CA, MENTAL HEALTH FACILITIES, VOLUNTEERS OF AMERICA, ST...

Program 2

Expenses: $115,252

PROVIDE FOOD, CLOTHING AND HYGENE SUPPLUIES FOR HOMELESS. VOLUNTEERS PROVIDE FOOD ON THE STREETS TO HOMELESS PEOPLE DIRECTLY.

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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 $883,993

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $883,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,470

Fundraising Expenses $700

Program Expenses $863,360

Other Expenses $658,930

TOTAL EXPENSES $865,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$883,993	$133,595	+5.6%
Expenses	$865,100	$154,026	+4.6%
Net Income	$18,893	$-20,431	-1.9%

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

160

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
JOSEPH BRADFORD III	PRESIDENT	N/A	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	$883,993	$865,100	$281,377	$18,893
2023	$133,595	$154,026	$2,206	$-20,431
2022	$185,126	$193,145	$22,173	$-8,019
2021	$176,233	$173,090	$35,625	$3,143