Redemption Home 1 Inc

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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

2023

Legal Domicile

Principal Officer

Frankie Ford

Phone

4077195796

Tax Period

2024-01-01 to 2024-12-31

Redemption Home 1 Inc, founded in 2023, is a small nonprofit in the Human Services sector that reported $951K in total revenue in fiscal year 2024. Revenue surged 399% from the prior year, signaling strong growth momentum. Expenses of $912K left a modest 4% surplus.

Mission

House teens to overcome challenges and achieve their goals while providing them with the tools and resourses they need to lead fulfilling lives

Program Service Accomplishments

Program 1

Expenses: $911,773 Revenue: $951,201

House teens to overcome challenges and achieve their goals while providing them with the tools and resourses they need to lead fulfilling lives

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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 $951,201

Program Service Revenue $0

Investment Income $152

Other Revenue $0

TOTAL REVENUE $951,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,464

Fundraising Expenses $0

Program Expenses $911,773

Other Expenses $403,309

TOTAL EXPENSES $911,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$951,353	$190,608	+4.0%
Expenses	$911,773	$166,521	+4.5%
Net Income	$39,580	$24,087	+0.6%

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

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

Total Directors

$132,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley	Bernetta	1.00	Director	$0	$0	$0
Dalmane	Gray	40.00	Director	$47,042	$0	$47,042
Frankie	Ford	40.00	Director	$48,177	$0	$48,177
James	Marcus	40.00	Director	$37,465	$0	$37,465
Lorna	Gray	1.00	Officer	$0	$0	$0
Stacey	Wilson	5.00	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	$951,353	$911,773	$70,373	$39,580