SECRET PLACE HOME 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

Kristin Lipscomb

Phone

8503803118

Tax Period

2023-01-01 to 2023-12-31

SECRET PLACE HOME INC, founded in 2018, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $291K exceeded revenue, resulting in a 40% operating deficit.

Mission

This will be a home where healing will take place, dignity will be restored, and necessary services (medical, clinical) will be provided. This will be a place for survivors of sex trafficking to further their education and dream for the future. Above all, this will be a home for these young girls to recapture their purpose and their God-given identity - to walk in freedom and realize they have not been forgotten.

Program Service Accomplishments

Program 1

Expenses: $7,423 Revenue: $0

The specific purpose of the organization is to be a faith-based community development organization serving our local community by engaging in a broad range of strategies that promote community...

The specific purpose of the organization is to be a faith-based community development organization serving our local community by engaging in a broad range of strategies that promote community health, education, and development, and to also engage in activities which are necessary, suitable or convenient for the accomplishments of that purpose, or which are incidental to or connected with section 501(c)3 of the Internal Revenue Code of 1986, as amended, or to any corresponding provision of any future federal tax laws.

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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 $206,870

Program Service Revenue $0

Investment Income $550

Other Revenue $0

TOTAL REVENUE $207,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,961

Fundraising Expenses $0

Program Expenses $7,423

Other Expenses $80,718

TOTAL EXPENSES $290,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,420	$236,884	-0.1%
Expenses	$290,679	$274,376	+0.1%
Net Income	$-83,259	$-37,492	+1.2%

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

100

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
Kristin Lipscomb	President	0.5	Officer Director	$0	$0	$0
Stephanie White	Secretary	0.5	Officer Director	$0	$0	$0
Dan Rice	Treasurer	0.5	Officer	$0	$0	$0
Pat Kelly	Board Member	0.5	Officer	$0	$0	$0
Stella Reed	Board Member	0.5	Officer	$0	$0	$0
Nita Belles	Board Member	0.5	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
2023	$207,420	$290,679	$331,762	$-83,259
2022	$236,884	$274,376	$415,302	$-37,492
2021	$276,921	$242,743	$446,007	$34,178
2020	$247,142	$225,614	$410,187	$21,528
2019	$279,480	$66,320	$394,001	$213,160