TEEN WAREHOUSE INC

EIN: 823855379 501(c)(3) Youth Development

WILMINGTON, DE

Total Revenue
$2,756,870
Total Expenses
$2,448,195
Total Assets
$9,367,362
Net Assets
$8,719,726
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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
DE
Principal Officer
LAURA MOOD
Phone
3027649022
Tax Period
2023-01-01 to 2023-12-31

TEEN WAREHOUSE INC, founded in 2017, is a community nonprofit in the Youth Development sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 11% surplus.

Mission

A DYNAMIC SPACE THAT PROVIDES WILMINGTON YOUTH WITH THE TOOLS TO BECOME CONTRIBUTING YOUNG ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,596,592
Program Service Revenue $0
Investment Income $20,778
Other Revenue $139,500
TOTAL REVENUE $2,756,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,281,666
Fundraising Expenses $65,693
Program Expenses $2,087,508
Other Expenses $1,166,529
TOTAL EXPENSES $2,448,195

Year-over-Year Comparison

2023 2022 Change
Revenue $2,756,870 $2,313,577 +0.2%
Expenses $2,448,195 $2,254,812 +0.1%
Net Income $308,675 $58,765 +4.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
178
Volunteers
250

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
6
$186,091
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANAYA PATTERSON CO - CHAIR 2.00
Officer Director
$0 $0 $0
SHERRY DORSEY WALKER CO - CHAIR 2.00
Officer Director
$0 $0 $0
MATTHEW TWYMAN MEMBER 2.00
Director
$0 $0 $0
ALEXIS DREW MEMBER 2.00
Director
$0 $0 $0
MICHAEL COLEMAN MEMBER 2.00
Director
$0 $0 $0
STEPHANIE T BOLDEN MEMBER 2.00
Director
$0 $0 $0
MARKEVIS GIDEON MEMBER 2.00
Director
$0 $0 $0
PAUL HERDMAN MEMBER 2.00
Director
$0 $0 $0
JESSICA GIBSON BROKENBAUGH MEMBER 2.00
Director
$0 $0 $0
ANDREA VALENTINE MEMBER 2.00
Director
$0 $0 $0
SANDEE DREW MEMBER 2.00
Director
$0 $0 $0
BRIANNE JORDAN MEMBER 2.00
Director
$0 $0 $0
TYRONE JONES MEMBER 2.00
Director
$0 $0 $0
LOGAN HERRING CHIEF EXECUTIVE OFFICER 10.00
Officer
$60,781 $0 $60,781
KENYETTA MCCURDY - BYRD CHIEF OPERATING OFFICER 10.00
Officer
$45,201 $0 $45,201
DAVID FORD CHIEF COMMUNITY INVESTMEN 10.00
Officer
$40,294 $0 $40,294
LAURA MOOD CHIEF FINANCIAL OFFICER 10.00
Officer
$39,815 $0 $39,815
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 $2,756,870 $2,448,195 $9,367,362 $308,675
2022 $2,313,577 $2,254,812 $9,333,835 $58,765
2021 $4,166,246 $1,660,977 $8,970,758 $2,505,269
2020 $1,651,690 $1,366,300 $8,281,077 $285,390
2019 $1,373,805 $641,877 $6,576,082 $731,928
2018 $4,968,007 $138,308 $4,835,219 $4,829,699
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