REFRESH START (EIN 883554252) - 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

2022

Legal Domicile

Principal Officer

Nick Tortorelli

Phone

8312385057

Tax Period

2024-01-01 to 2024-12-31

REFRESH START, founded in 2022, is a micro nonprofit in the Human Services sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 51% operating margin.

Mission

Helping the unhoused maintain their dignity by providing a means for personal hygiene so they may focus on a fresh start

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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 $31,428

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,553

Other Expenses $15,553

TOTAL EXPENSES $15,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,428	$47,685	-0.3%
Expenses	$15,553	$32,589	-0.5%
Net Income	$15,875	$15,096	+0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
Nick Tortorelli	President	8	Officer Director	$0	$0	$0
Sara Tortorelli	Secretary	6	Officer Director	$0	$0	$0
Karla Lundin	Director	1	Director	$0	$0	$0
Steven Lundin	Director	1	Director	$0	$0	$0
Luke Ham	Director	1	Officer	$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	$31,428	$15,553	$102,199	$15,875
2023	$47,685	$32,589	$118,231	$15,096

REFRESH START