Tranquil House Inc
Nonprofit profile at a glance
- EIN
- 611187512
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Louisville, KY, USA
- Phone
- 5025842480
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $119,048
- Expenses
- $140,231
- Assets
- $138,076
- Liabilities
- $568,152
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JENNIFER CLARK (EXECUTIVE DIRECTOR/CEO)
People named in this filing
- JENNIFER CLARK (EXECUTIVE DIRECTOR/CEO)
- MICHAEL SPURLOCK (CHIEF FINANCIAL OFFICER)
- JAMES U SMITH (CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tranquil house, inc. Provides supportive housing which allows very low-income individuals who have a chronic mental illness to live independently.
What it reported doing in 2024
Tranquil house, inc. Successfully continued operating section 8 permanent housing of twelve efficiency apartments with residents having access to resources of: food pantry, daily hot meals, clothes closet, ongoing case management and supportive mental health groups. All of which allowed men and women with severe mental illness to maintain self-sufficiency and remain in independent living.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -17.8%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 4.11; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: -4.3% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $140K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.