DESC Hobson Clinic QALICB (EIN 850509765) - 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

Patrick Gehring

Phone

2068122504

Tax Period

2024-01-01 to 2024-12-31

DESC Hobson Clinic QALICB, founded in 2020, is a small nonprofit in the Human Services sector that reported $189K in total revenue in fiscal year 2024. Expenses of $881K exceeded revenue, resulting in a 366% operating deficit.

Mission

To support and benefit DESC while ensuring Hobson Clinic's NMTC program compliance.

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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 $0

Program Service Revenue $183,000

Investment Income $5,920

Other Revenue $0

TOTAL REVENUE $188,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $875,187

Other Expenses $881,254

TOTAL EXPENSES $881,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,920	$183,000	+0.0%
Expenses	$881,254	$1,293,214	-0.3%
Net Income	$-692,334	$-1,110,214	-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

N/A

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

$447,421

Total Directors

$231,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Malone	President/DESC Executive Director	0.10	Officer Director	$0	$28,556	$231,460
Judge Helen Halpert	Vice President	0.10	Officer Director	$0	$0	$0
Bryan Friend	Treasurer	0.10	Officer Director	$0	$0	$0
Marcia McCracken	Secretary	0.10	Officer Director	$0	$0	$0
Sheryl Whitney	Board Member	0.10	Director	$0	$0	$0
Jennifer Tripp	CFO (Until Dec)	0.10	Officer	$0	$12,162	$213,297
Patrick Gehring	CFO (From Dec)	0.10	Officer	$0	$0	$2,664

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	$188,920	$881,254	$20,323,046	$-692,334
2023	$183,000	$1,293,214	$20,920,955	$-1,110,214
2022	$152,906	$921,661	$22,027,855	$-768,755
2021	$2,132,599	$11,071	$25,100,925	$2,121,528
2020	$5,245,440	$6,458	$15,786,853	$5,238,982

DESC Hobson Clinic QALICB