Lets Build (EIN 845123235) - 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

2020

Legal Domicile

Principal Officer

MICHAEL HORVATH

Phone

5672460616

Tax Period

2023-01-01 to 2023-12-31

Lets Build, founded in 2020, is a small nonprofit in the Youth Development sector that reported $227K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 37% operating margin.

Mission

We believe that every child deserves a bed of their own to sleep in at night and that every child is full of infinite potential. We help children by providing a bed and empowering them to assemble it and be successful. Let's Build uses donations to purchase the lumber mattresses & fasteners for construction of the beds. In partnership with local businesses and groups who host bed building events we train and equip volunteers to safely build the bedframes which along with the mattresses and bedding are delivered by volunteers to homes of children in need who have no bed in which to sleep.

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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 $226,690

Program Service Revenue $0

Investment Income $93

Other Revenue $0

TOTAL REVENUE $226,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,198

Other Expenses $142,506

TOTAL EXPENSES $142,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,783	$158,095	+0.4%
Expenses	$142,506	$140,106	+0.0%
Net Income	$84,277	$17,989	+3.7%

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

N/A

Volunteers

1600

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
Michael Horvath	Director	20.00	Director	$0	$0	$0
Shawna Horvath	President	4.00	Officer Director	$0	$0	$0
Daniel Pellizzari	Director	8.00	Director	$0	$0	$0
David Kaiser	Director	1.00	Director	$0	$0	$0
Charlene Schumaker	Secretary	7.00	Officer 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	No data	No data	No data	No data
2023	$226,783	$142,506	$176,183	$84,277

Lets Build