DAYBREAK YOUTH SERVICES

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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

1978

Legal Domicile

Principal Officer

RICHARD REATHAFORD

Phone

5094447033

Tax Period

2023-07-01 to 2024-06-30

DAYBREAK YOUTH SERVICES, founded in 1978, is a micro nonprofit in the Mental Health sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 8239% operating deficit.

Mission

DAYBREAK SAVES YOUNG LIVES BY DEMONSTRATING LOVE AND BRINGING HOPE FOR THEIR FUTURE.

Program Service Accomplishments

Program 1

Expenses: $1,114,517 Revenue: $49,982

DAYBREAK YOUTH SERVICES HAS BEEN SUCCESSFULLY TREATING TEENS FOR SUBSTANCE USE DISORDER AND MENTAL HEALTH CHALLENGES SINCE 1978. WE ARE COMMITTED TO SERVING TEENS AND THEIR FAMILIES AND HAVE BECOME AN INNOVATIVE LEADER IN THE ADOLESCENT MENTAL HEALTH AND SUBSTANCE ABUSE TREATMENT FIELD. WE PROVIDE INPATIENT, OUTPATIENT, AND CRISIS STABILIZATION SERVICES IN EASTERN AND WESTERN WASHINGTON. DAYBREAK WAS FORCED TO CEASE CLINICAL OPERATIONS DUE TO A TEMPORARY RESTRAINING ORDER PUT IN PLACE BY A THURSTON COUNTY (WA) JUDGE BASED ON UNFOUNDED ALLEGATIONS MADE TO THE COURT BY THE WA STATE DEPARTMENT OF HEALTH. CLIENTS WERE DISCHARGED IN JUNE 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,426

Program Service Revenue $49,982

Investment Income $-32,189

Other Revenue $0

TOTAL REVENUE $30,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $853,174

Fundraising Expenses $32,444

Program Expenses $1,114,517

Other Expenses $1,666,897

TOTAL EXPENSES $2,520,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,219	$9,848,640	-1.0%
Expenses	$2,520,071	$10,019,735	-0.7%
Net Income	$-2,489,852	$-171,095	+13.6%

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

158

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

$220,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE PAULETTO	CHAIR	4.00	Officer Director	$0	$0	$0
RON BENFIELD	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SUZY DIX	SECRETARY	2.00	Officer Director	$0	$0	$0
RON FREDERIKSEN	DIRECTOR	2.00	Director	$0	$0	$0
VICKI JONES	DIRECTOR (TERMED 6/30/24)	0.10	Director	$0	$0	$0
THOMAS RUSSELL	CEO	50.00	Officer	$134,248	$0	$134,248
RICHARD REATHAFORD	CFO	50.00	Officer	$86,540	$0	$86,540

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	No data	No data	No data	No data
2024	$30,219	$2,520,071	$7,922,162	$-2,489,852
2023	$9,848,640	$10,019,735	$9,384,930	$-171,095
2022	$8,102,484	$8,957,835	$9,737,407	$-855,351
2021	$8,822,132	$9,270,035	$10,135,101	$-447,903
2020	$7,068,424	$8,907,041	$11,250,626	$-1,838,617
2018	$12,101,846	$9,503,368	$13,577,863	$2,598,478