Bridge House

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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

1997

Legal Domicile

Phone

3034428300

Tax Period

2023-01-01 to 2023-12-31

Bridge House, founded in 1997, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

Bridge House's Mission is to address immediate survival needs of individuals experiencing homelessness and provide resources which lead to employment, housing, personal stability and healing. (Continued on Schedule O)

Program Service Accomplishments

Program 1

Expenses: $2,323,359 Revenue: $599,753

Bridge House's Ready to Work program is a "work-first" solution to address homelessness. Ready to Work applies a business approach toward solving increasingly difficult and expensive social problems - Homelessness, joblessness, and criminal recidivism. Founded on the belief that when given the opportunity individuals experiencing homelessness can and are willing to work, Ready to Work creates paid transitional work opportunities as the core element of a comprehensive program providing a pathway to independence for men and women experiencing homelessness. Ready to Work trainees participate in three elements of the program including paid work in a ready to work social enterprise; housing in a supportive, communal setting called Ready to Work House; and participating in case management for one year before graduating to mainstream employment and independent housing. Immediately upon acceptance into Ready to Work participants are contributing members of the community. Ready to Work House residents go to work every day, pay taxes, pay room and board, and call Ready to Work House home for one year. Currently, the program offers employment and housing to 44 men and women.

Program 2

Expenses: $1,224,861 Revenue: $562,016

Community Table Kitchen: Community Table Kitchen demonstrates what is possible when mission and business marry. Opened in 2013, and often described as the most dynamic kitchen in Boulder, Community Table Kitchen transforms lives one bite at a time. We have a triple bottom line. First, at Community Table Kitchen we produce meals for hungry people who have no other access to food. We prepare meals that are healthy, nutritious and balanced by cooking in real-time, from scratch. The organization partners with the local food bank, Community Food Share, to access donated ingredients and offers the community Table Meal program to serve over 130,000 meals a year to people experiencing homelessness. Second, Community Table Kitchen creates employment opportunities by providing jobs and job training for Ready to Work trainees. We offer meaningful paid work that builds a resume and real-world work experience. Through a mix of on-the-job and classroom training, Community Table Kitchen trainees are taught knife skills, food prep and production, and safe food handling. Trainees complete the ServSafe Certification prior to graduating into a full-time food service job. Third, under the leadership of executive chef John Trejo, Community Table Kitchen runs three market-based lines of business - catering, wholesale and cafe operations. We offer customers competitive, top notch quality and service. Through these ventures, Community Table Kitchen earns revenue to support operations and our social mission.

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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 $2,013,495

Program Service Revenue $1,161,769

Investment Income $186,235

Other Revenue $212,319

TOTAL REVENUE $3,573,818

Expense Breakdown

Grants Paid $206,287

Salaries & Benefits $2,724,040

Fundraising Expenses $250,182

Program Expenses $3,548,220

Other Expenses $1,485,867

TOTAL EXPENSES $4,416,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,573,818	$6,505,015	-0.5%
Expenses	$4,416,194	$4,136,119	+0.1%
Net Income	$-842,376	$2,368,896	-1.4%

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

150

Volunteers

998

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

$146,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman/Treasurer	3.0	Officer Director	$0	$0	$0
N/A	Vice Chair	3.0	Officer Director	$0	$0	$0
N/A	Secretary	3.0	Officer Director	$0	$0	$0
N/A	Chairman (part year)	3.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	3.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	CEO	40.0	Officer	$133,618	$5,529	$139,147
N/A	Senior Director of Finance	40.0	Officer	$7,085	$0	$7,085
N/A	Executive Chef	40.0	Highest	$115,247	$5,529	$120,776

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	$3,573,818	$4,416,194	$14,191,921	$-842,376
2022	$6,505,015	$4,136,119	$17,746,870	$2,368,896
2021	$4,966,981	$3,874,870	$12,940,579	$1,092,111
2020	$4,921,859	$4,357,006	$10,265,995	$564,853
2019	$4,105,331	$4,167,721	$9,316,681	$-62,390
2018	$6,399,006	$4,072,763	$9,917,527	$2,326,243