SIMPLIFYCT INC (EIN 851504162) - 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

JUAN BERRIOS

Phone

8605908910

Tax Period

2025-01-01 to 2025-12-31

SIMPLIFYCT INC, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $804K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $765K left a modest 5% surplus.

Mission

FREE TAX RETURN PREPARATION AND TAX ADVOCACY SERVICES TO LOW INCOME AND AT RISK POPULATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $787,340

Program Service Revenue $3,797

Investment Income $13,163

Other Revenue $0

TOTAL REVENUE $804,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $482,258

Fundraising Expenses $32,694

Program Expenses $704,385

Other Expenses $282,548

TOTAL EXPENSES $764,806

Year-over-Year Comparison

	2025	2024	Change
Revenue	$804,300	$662,834	+0.2%
Expenses	$764,806	$656,402	+0.2%
Net Income	$39,494	$6,432	+5.1%

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

143

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

$147,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN BERRIOS	Executive Dir.	40.00	Officer	$136,249	$11,280	$147,529
MARK SPIVACK	President	20.00	Officer Director	$0	$0	$0
DOMINIC SARTORI	Vice President	5.00	Officer Director	$0	$0	$0
PAUL COUGHLAN	Treasurer	10.00	Officer Director	$0	$0	$0
TERESA GENTILE	Secretary	5.00	Officer Director	$0	$0	$0
PATRICK GENTILE	FOUNDER	20.00	Director	$0	$0	$0
JEFFREY HATCHMAN	Director	2.00	Director	$0	$0	$0
EDITH TARGONSKI	Director	2.00	Director	$0	$0	$0
MICHAEL WIDLAND	Director	2.00	Director	$0	$0	$0
LES WOLF	Director	2.00	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	$804,300	$764,806	$498,171	$39,494
2024	$662,834	$656,402	$437,039	$6,432
2023	$620,315	$536,282	$441,614	$84,033
2022	$563,000	$348,329	$355,567	$214,671
2021	$338,100	$220,740	$144,562	$117,360

SIMPLIFYCT INC