REACH SERVICES INC (EIN 824672063) - 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

2018

Legal Domicile

Principal Officer

ALEXIA MORRISON

Tax Period

2023-11-01 to 2024-10-31

REACH SERVICES INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $423K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

REACH SERVICES WORKS TO PREVENT AND ALLEVIATE HOMLESSNESS, LOW-INCOME, AND AT-RISK SITUATIONS IN PINELLAS COUNTY BY BRIDGING THE GAP BETWEEN PEOPLE AND THE RESOURCES THEY NEED TO OBTAIN A BETTER 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 $422,747

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $422,747

Expense Breakdown

Grants Paid $67,802

Salaries & Benefits $167,068

Fundraising Expenses $7,911

Program Expenses $311,690

Other Expenses $117,859

TOTAL EXPENSES $352,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$422,747	$450,018	-0.1%
Expenses	$352,729	$413,943	-0.1%
Net Income	$70,018	$36,075	+0.9%

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

736

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

$52,708

Total Directors

$52,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXIA MORRISON	PRESIDENT	40.00	Officer Director	$52,708	$0	$52,708
ACQUANDIST UY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE MORGE	TREASURER	1.00	Officer Director	$0	$0	$0
MIGUEL MIRANDA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DANIELLE MOORE	SECRETARY	1.00	Officer Director	$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	$422,747	$352,729	$277,696	$70,018
2023	$449,819	$413,943	$208,288	$35,876
2022	$400,684	$371,075	$177,364	$29,609
2021	$264,689	$163,314	$143,526	$101,375

REACH SERVICES INC