REACH SERVICES 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

2018

Legal Domicile

Principal Officer

ALEXIA MORRISON

Phone

7272758655

Tax Period

2024-11-01 to 2025-10-31

REACH SERVICES INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $305K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $341K exceeded revenue, resulting in a 12% operating deficit.

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

Program Service Accomplishments

Program 1

Expenses: $201,077

OUR LITERACY PROGRAM TRANSITIONED FROM A PILOT PROGRAM TO A PERMENANT ONE THIS YEAR. IN PARTNERSHIP WITH UNITED WAY SUNCOAST, OUR AIM IS TO HELP PINELLAS COUNTY STUDENTS EXPERIENCING HOMLESSNESS...

OUR LITERACY PROGRAM TRANSITIONED FROM A PILOT PROGRAM TO A PERMENANT ONE THIS YEAR. IN PARTNERSHIP WITH UNITED WAY SUNCOAST, OUR AIM IS TO HELP PINELLAS COUNTY STUDENTS EXPERIENCING HOMLESSNESS, LOW-INCOME, AND AT-RISK SITUATIONS READ ON GRADE LEVEL BY THIRD GRADE TO IMPROVE THEIR LONG TERM EDUCATIONAL SUCCESS. WE PROVIDE FREE TRANSPORTATION, SNACKS AND DRINKS TO ALLEVIATE THEIR IMMEDIATE NEEDS. THE MAIN FOCUS OF THE PROGRAM IS OUR ONE-ON-ONE TUTORING FOCUSED ON PHONICS, VOCABULARY BUILDING, AND OVERALL LITERACY ASSESSMENT SCORES, WITH THE GOAL OF PROVIDING BOTH IMMEDIATE NEEDS AND LONG-TERM EDUCATIONAL SUCCESS. WE ARE THRILLED TO REPORT THAT 36 OUT OF 46 CHILDREN MADE PROGRESS AND/OR STARTED READING ON GRADE LEVEL BY THIRD GRADE.

Program 2

Expenses: $74,953

OUR DROP-IN CENTER WAS OPEN EVERY WEDNESDAY FOR COMMUNITY CLOSET APPOINTMENTS AND ALLOWED THE SPACE TO MAINLY SERVE AS A CENTRAL HUB FOR ALL OF OUR OPERATIONS, STORAGE OF FOOD, CLOTHING, HYGIENE...

OUR DROP-IN CENTER WAS OPEN EVERY WEDNESDAY FOR COMMUNITY CLOSET APPOINTMENTS AND ALLOWED THE SPACE TO MAINLY SERVE AS A CENTRAL HUB FOR ALL OF OUR OPERATIONS, STORAGE OF FOOD, CLOTHING, HYGIENE ITEMS AND MORE.

Program 3

Expenses: $5,149

OUR POP-UP PANTRY STARTED IN FEBRUARY 2022 AFTER RECEIVING A DONATED PSTA BUS THAT WE WERE ABLE TO TRANSFORM INTO A MOBILE GROCERY STORE TO PROVIDE FREE, FRESH GROCERIES TO THOSE IN FOOD DESERTS...

OUR POP-UP PANTRY STARTED IN FEBRUARY 2022 AFTER RECEIVING A DONATED PSTA BUS THAT WE WERE ABLE TO TRANSFORM INTO A MOBILE GROCERY STORE TO PROVIDE FREE, FRESH GROCERIES TO THOSE IN FOOD DESERTS, LOW-INCOME AREAS, AND FOOD INSECURE AREAS. WE ARE THRILLED TO REPORT THAT WE HAVE SERVED 4,874 INDIVIDUALS PROVIDING THEM WITH OVER 100,000 POUNDS OF FOOD THIS YEAR.

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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 $304,967

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $304,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,465

Fundraising Expenses $166

Program Expenses $281,179

Other Expenses $232,142

TOTAL EXPENSES $340,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,967	$422,747	-0.3%
Expenses	$340,607	$352,729	0.0%
Net Income	$-35,640	$70,018	-1.5%

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

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
ALEXIA MORRISON	PRESIDENT	40.00	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
ACQUANDIST UY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE MORGE	TREASURER	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
2025	$304,967	$340,607	$243,831	$-35,640
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