THE WARMING PLACE INC (EIN 993316074) - 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

2024

Legal Domicile

Principal Officer

VINCENT DEBAGGIS

Phone

7742835867

Tax Period

2024-06-01 to 2024-12-31

THE WARMING PLACE INC, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $195K in total revenue in fiscal year 2024. The organization ran a surplus of $72K, a strong 37% operating margin.

Mission

THE WARMINING PLACE, INC. (THE ORGANIZATION") PROVIDES WARM AND SAFE SHELTER FOR MEMBERS OF THE NANTUCKET COMMUNITY WHO ARE EXPERIENCING HOMELESSNESS. THE ORGANIZATION'S VISION EXTENDS BEYOND SHELTER, AIMING TO CULTIVATE AN ENVIRONMENT OF COMPASSION AND UNDERSTANDING WHERE INDIVIDUALS NOT ONLY FIND REFUGE FROM THE COLD, BUT ALSO RECEIVE THE SUPPOT NECESSARY TO REBUILD THEIR 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 $191,811

Program Service Revenue $0

Investment Income $3,332

Other Revenue $0

TOTAL REVENUE $195,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,180

Fundraising Expenses $52,184

Program Expenses $66,029

Other Expenses $81,262

TOTAL EXPENSES $123,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,143	N/A	N/A
Expenses	$123,442	N/A	N/A
Net Income	$71,701	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT DEBAGGIS	PRESIDENT	4.00	Officer Director	$0	$0	$0
SUZANNE MYNTTINEN	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORAH DUBOIS	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHLEEN HERBERT	DIRECTOR	2.00	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	$195,143	$123,442	$325,112	$71,701

THE WARMING PLACE INC