REFRESH START

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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

2025-01-01 to 2025-12-31

REFRESH START, founded in 2022, is a micro nonprofit in the Human Services sector that reported $26K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $14K, a strong 54% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $12,048 Revenue: $26,340

Obtained a mobile shower trailer and Chevy Silvarado to tow it. The intent is to provide hygiene for health for those who need it.

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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 $26,340

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,048

Other Expenses $12,048

TOTAL EXPENSES $12,048

Year-over-Year Comparison

	2025	2024	Change
Revenue	$26,340	$31,428	-0.2%
Expenses	$12,048	$15,553	-0.2%
Net Income	$14,292	$15,875	-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
Luke Ham	Director	1	Officer	$0	$0	$0
Steven Lundin	Director	1	Officer	$0	$0	$0
Karla Lundin	Director	1	Officer	$0	$0	$0
Sara Tortorelli	Secretary	3	Officer	$0	$0	$0
Nick Tortorelli	President	5	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
2025	$26,340	$12,048	$97,699	$14,292
2024	$31,428	$15,553	$102,199	$15,875
2023	$47,685	$32,589	$118,231	$15,096