BE ABLE INC (EIN 833999669) - 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

SCOTT VOOS

Phone

7857751205

Tax Period

2024-01-01 to 2024-12-31

BE ABLE INC, founded in 2018, is a small nonprofit in the Religion sector that reported $739K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $353K, a strong 48% operating margin.

Mission

BE ABLE EXISTS TO ENGAGE WITH THOSE IN ADVERSITY BY CREATING CONNECTIONS, CULTIVATING SKILLS, AND OPENING DOORS OF OPPORTUNITY.

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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 $648,323

Program Service Revenue $21,280

Investment Income $16,060

Other Revenue $53,057

TOTAL REVENUE $738,720

Expense Breakdown

Grants Paid $6,695

Salaries & Benefits $261,542

Fundraising Expenses $44,699

Program Expenses $204,771

Other Expenses $117,835

TOTAL EXPENSES $386,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$738,720	$948,546	-0.2%
Expenses	$386,072	$315,663	+0.2%
Net Income	$352,648	$632,883	-0.4%

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

160

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT VOOS	EXECUTIVE DI	40.00	Officer Director	$60,000	$0	$60,000
TODD CHYBA	BOARD MEMBER	1.00	Director	$0	$0	$0
DIRK DAVELINE	BOARD MEMBER	1.00	Director	$0	$0	$0
RON FOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK FRENCH	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHERYL GRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN NIEHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA L FISER PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE VOOS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG DENVER	PRESIDENT	5.00	Officer	$0	$0	$0
DEE JOHNSON	TREASURER	5.00	Officer	$0	$0	$0
LUCAS SHIVERS	SECRETARY	5.00	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
2024	$738,720	$386,072	$1,638,817	$352,648
2023	$948,546	$315,663	$1,283,811	$632,883
2022	$361,957	$332,613	$599,405	$29,344
2021	$449,743	$190,605	$287,527	$259,138

BE ABLE INC