Barred Business Foundation (EIN 871392944) - 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

2021

Legal Domicile

Principal Officer

Bridgette Simpson

Phone

9473664535

Tax Period

2024-01-01 to 2024-12-31

Barred Business Foundation, founded in 2021, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $778K, a strong 37% operating margin.

Mission

Help formerly incarcerated people who are disproportionately affected by the US legal system.

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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 $2,090,273

Program Service Revenue $0

Investment Income $7,288

Other Revenue $0

TOTAL REVENUE $2,097,561

Expense Breakdown

Grants Paid $82,371

Salaries & Benefits $551,507

Fundraising Expenses $139,823

Program Expenses $908,778

Other Expenses $635,127

TOTAL EXPENSES $1,319,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,097,561	$1,535,606	+0.4%
Expenses	$1,319,280	$931,454	+0.4%
Net Income	$778,281	$604,152	+0.3%

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

120

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

$291,781

Total Directors

$291,781

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bridgette Simpson	Executive Dir.	60.00	Officer Director	$194,751	$0	$194,751
Denise Ruben	COO	40.00	Officer Director	$97,030	$0	$97,030
Matthew Green	Secretary	5.00	Officer Director	$0	$0	$0
Dawn Harrington	Director	1.00	Director	$0	$0	$0
Jacqueline Worrell	President	1.00	Officer Director	$0	$0	$0
Kwame Teague	Vice President	1.00	Officer Director	$0	$0	$0
Sekwan Merritt	Director	1.00	Director	$0	$0	$0
Micah Herskind	Director	1.00	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	$2,097,561	$1,319,280	$2,242,078	$778,281
2023	$1,535,606	$931,454	$1,580,474	$604,152
2022	$628,930	$379,298	$605,012	$249,632

Barred Business Foundation