Retread 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

Hannah Gailey

Phone

7605258919

Tax Period

2024-01-01 to 2024-12-31

Retread Inc, founded in 2023, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 7% surplus.

Mission

Retread was established to address the growing issues of homelessness and affordable housing in San Diego County.

Program Service Accomplishments

Program 1

Expenses: $929,846 Revenue: $1,224,766

Buena Creek Navigation Center - The Organization operates a low barrier, housing first opportunity designed to provide emergency shelter for unhoused individuals. The Organization welcomes...

Buena Creek Navigation Center - The Organization operates a low barrier, housing first opportunity designed to provide emergency shelter for unhoused individuals. The Organization welcomes individuals, couples and pets into the 48 bed, semi congregate Navigation Center. The Organization provides wrap around services including three meals a day, case management, housing navigation, connection to social services, life skills, classes and workshops, and so much more.

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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 $1,274,408

Program Service Revenue $0

Investment Income $1,000

Other Revenue $0

TOTAL REVENUE $1,275,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,576

Fundraising Expenses $10,107

Program Expenses $929,846

Other Expenses $442,942

TOTAL EXPENSES $1,189,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,275,408	N/A	N/A
Expenses	$1,189,518	N/A	N/A
Net Income	$85,890	N/A	N/A

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hannah Gailey	CEO	25.00	Officer	$39,375	$0	$39,375
Clayton Cunningham	CFO	20.00	Officer	$30,625	$0	$30,625
Brooke Schlange	Secretary	4.00	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	$1,275,408	$1,189,518	$98,643	$85,890