TEEN WAREHOUSE INC

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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

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

THE WAREHOUSE IS A DYNAMIC NEW SPACE IN NORTHEAST WILMINGTON DESIGNED FOR TEENS BY TEENS THAT WILL PROVIDE THE CITY'S YOUTH WITH THE TOOLS AND OPPORTUNITIES THEY NEED TO BECOME CONFIDENT, COURAGEOUS, AND CONTRIBUTING YOUNG ADULTS WHO WILL MAKE A POSITIVE DIFFERENCE IN OUR WORLD. THE WAREHOUSE AND ITS NETWORK OF LOCAL YOUTH-SERVING ORGANIZATIONS WORK IN PARTNERSHIP WITH WILMINGTON TEENS TO PROVIDE THEM WITH HIGH QUALITY AND RELEVANT ACADEMIC, EMPLOYMENT AND LIFE EXPERIENCES, TO PREPARE THEM FOR THEIR NEXT STEPS IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $2,087,508 Revenue: $139,500

RECREATION - DANCING, BASKETBALL, TEEN NIGHTS, YOGA AND MORE BUILDS COMMUNITY WHILE PROMOTING PHYSICAL WELL - BEING. EDUCATION - WITH COLLEGE AND CAREEERS ON THE HORIZON, THE WAREHOUSE PROVIDES...

RECREATION - DANCING, BASKETBALL, TEEN NIGHTS, YOGA AND MORE BUILDS COMMUNITY WHILE PROMOTING PHYSICAL WELL - BEING. EDUCATION - WITH COLLEGE AND CAREEERS ON THE HORIZON, THE WAREHOUSE PROVIDES TUTRING, CONSELING, MENTORING AND OTHER TOOLS TO PREPARE TEENS FOR THEIR NEXT LIFE STEPS. ARTS - AS CREATIVITY ABOUNDS IN TEENS, THE WAREHOUSE PROVIDES DIVERSE OUTLETS FOR EXPRESSION THROUGH VISUAL, PERFORMING AND ELECTRONIC ARTS. CAREERS - GREAT JOBS REQUIRE GREAT JOB SKILLS. FROM RESUME WRITING AND INTERVIEWING SKILLS TO HANDS ON JOB TRAINING, TEENS GAIN THE SKILLS THEY NEED FOR THE JOBS THEY WANT.HEALTH - TOGETHER WITH ITS PARTNERS, THE WAREHOUSE PROVIDES A FULLRANGE OF PHYSICAL, BEHAVIORAL AND MENTAL HEALTH SERVICES TEENS NEED TOTHRIVE.

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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 $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

Governance

Voting Members

Independent Members

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

$186,091

Total Directors

Key Employees

Highest Compensated

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