RED DOOR PLACE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

SEAN MCGOLDRICK

Tax Period

2025-01-01 to 2025-12-31

RED DOOR PLACE INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $146K in total revenue in fiscal year 2025. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HUNGER RELIEF MEALS TO HOMELESS AND FAMILIES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $80,300 Revenue: $145,867

Hunger Relief - Every week, during our Saturday lunch service our Chefs and volunteers prepare meals of fresh, organic meat and produce for meals that are well-balanced and healthy. Every Tuesday we also receive and distribute fresh fruits, vegetables and meats at our weekly pantry service available to both homeless and families in need. During the year we serve meals during our weekly meal service and guests with our weekly food pantry

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $145,866

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $145,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,591

Fundraising Expenses $0

Program Expenses $80,300

Other Expenses $94,178

TOTAL EXPENSES $161,769

Year-over-Year Comparison

	2025	2024	Change
Revenue	$145,866	$364,407	-0.6%
Expenses	$161,769	$259,830	-0.4%
Net Income	$-15,903	$104,577	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$62,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Louis Kang	Vice President	40.00	Director	$43,308	$0	$43,308
Stacey McCarthy	President	40.00	Director	$19,038	$0	$19,038
SEAN HOLMES	Treasurer	40.00	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	$145,866	$161,769	$349,236	$-15,903
2024	No data	No data	No data	No data
2023	$267,537	$314,014	$259,860	$-46,477
2022	$302,522	$158,842	$308,887	$143,680
2021	$289,853	$147,011	$172,657	$142,842