LAUREL TRACE INC (EIN 900604565) - 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

2010

Legal Domicile

Principal Officer

KEVIN MARRONE

Phone

7278214819

Tax Period

2024-07-01 to 2025-06-30

LAUREL TRACE INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $60K in total revenue in fiscal year 2024. Expenses of $103K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE HOUSING TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS WHO ARE CLIENTS OF BOLEY CENTERS INC., A RELATED 501(C)(3) ORGANIZATION.

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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 $33,173

Program Service Revenue $26,756

Investment Income $38

Other Revenue $425

TOTAL REVENUE $60,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,990

Fundraising Expenses $0

Program Expenses $74,462

Other Expenses $96,528

TOTAL EXPENSES $102,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,392	$59,464	+0.0%
Expenses	$102,518	$98,821	+0.0%
Net Income	$-42,126	$-39,357	+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

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

$503,736

Total Directors

$112,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARRONE	CEO/MANAGING ENTITY	10.00	Officer	$0	$5,862	$198,244
MICHELLE JOSEPH	CFO/MANAGING ENTITY	10.00	Officer	$0	$12,307	$195,031
JACK HUMBURG	ASSISTANT SECRETARY	10.00	Director	$0	$2,622	$112,125
MARCY MCMATH	CCO/MANAGING ENTITY	10.00	Officer	$0	$9,481	$110,461
PAUL MISIEWICZ	PRESIDENT	0.50	Director	$0	$0	$0
MARTIN T LOTT	VICE PRESIDENT	0.50	Director	$0	$0	$0
SUSAN PROCTOR	SECRETARY-TREASURER	0.50	Director	$0	$0	$0
ANTONIO HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH STRINGER	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS MITTENMAYR	DIRECTOR	0.50	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	$60,392	$102,518	$1,008,512	$-42,126
2024	No data	No data	No data	No data
2023	$53,606	$102,255	$1,066,988	$-48,649
2022	$54,395	$89,178	$1,086,964	$-34,783
2021	$52,263	$83,028	$1,103,023	$-30,765
2020	$51,800	$84,281	$1,132,785	$-32,481
2019	$49,955	$80,815	$1,158,831	$-30,860

LAUREL TRACE INC