Flourish Therapy Inc (EIN 841880295) - 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

2019

Legal Domicile

Principal Officer

Lisa Hansen

Phone

3853091038

Tax Period

2024-01-01 to 2024-12-31

Flourish Therapy Inc, founded in 2019, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

We are committed to providing affordable, culturally competent mental health care to LGBTQ individuals and their families. We educate therapists in culturally competent practice combined with evidence-based therapy. Flourish values its community partnerships in providing resources to the LGBTQ community.

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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 $296,827

Program Service Revenue $1,649,693

Investment Income $73

Other Revenue $8,454

TOTAL REVENUE $1,955,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,737,899

Fundraising Expenses $27,500

Program Expenses $1,608,305

Other Expenses $217,907

TOTAL EXPENSES $1,955,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,955,047	$1,301,331	+0.5%
Expenses	$1,955,806	$1,304,789	+0.5%
Net Income	$-759	$-3,458	-0.8%

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

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

$47,775

Total Directors

$76,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Hansen	Clinical Director	40.00	Officer Director	$47,775	$0	$47,775
Phil Scoville	Director	5.00	Director	$14,400	$0	$14,400
Triston Morgan	Director	5.00	Director	$14,400	$0	$14,400
Nathan Kitchen	Chair	5.00	Officer Director	$0	$0	$0
Emma Smith	Secretary	1.00	Director	$0	$0	$0
Duane Domino	Member	1.00	Director	$0	$0	$0
LaShawn Williams	Member	1.00	Director	$0	$0	$0
Niecie Jones	Member	1.00	Director	$0	$0	$0
Summer Zemp	Member	1.00	Director	$0	$0	$0
Eric Bergeson	Member	1.00	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
2024	$1,955,047	$1,955,806	$221,763	$-759
2023	$1,301,331	$1,304,789	$208,286	$-3,458
2022	$928,514	$946,988	$202,061	$-18,474
2021	$666,882	$567,051	$227,867	$99,831
2020	$316,708	$220,589	$109,580	$96,119

Flourish Therapy Inc