MY FATHERS STOREHOUSE THE STOREHOUSE (EIN 010787966) - 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

2004

Legal Domicile

Principal Officer

LYNN H STAGGS

Phone

8288908348

Tax Period

2023-01-01 to 2023-12-31

MY FATHERS STOREHOUSE THE STOREHOUSE, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 25% operating margin.

Mission

TO PROVIDE FOOD AND OTHER BASIC NECESSITIES FOR THOSE IN NEED IN HENDERSON COUNTY NORTH CAROLINA.

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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 $1,574,011

Program Service Revenue $0

Investment Income $707

Other Revenue $-7,730

TOTAL REVENUE $1,566,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,685

Fundraising Expenses $6,705

Program Expenses $1,145,458

Other Expenses $1,100,173

TOTAL EXPENSES $1,169,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,566,988	$1,175,381	+0.3%
Expenses	$1,169,858	$1,142,263	+0.0%
Net Income	$397,130	$33,118	+11.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$40,170

Total Directors

$40,170

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN H STAGGS	Executive Dir.	40.00	Officer Director	$40,170	$0	$40,170
STEVE MORRISON	Chairman	2.00	Officer Director	$0	$0	$0
KAREN FREEMAN	Treasurer	1.00	Officer Director	$0	$0	$0
LINDA THOMAS	ASST. CORP. SEC	1.00	Director	$0	$0	$0
PATRICK HARPER	Director	1.00	Director	$0	$0	$0
JON RENEGAR	Director	1.00	Director	$0	$0	$0
FRANK STOUT	Director	1.00	Director	$0	$0	$0
PAULINE CARPENTER	Director	1.00	Director	$0	$0	$0
DEBI GOULD	Director	1.00	Director	$0	$0	$0
TODD PHILLIPS	Director	1.00	Director	$0	$0	$0
KELLY NOBLE	Director	0.00	Director	$0	$0	$0
ALLEN COMBS	Secretary	1.00	Officer Director	$0	$0	$0
CHRIS PACE	Vice Chairman	2.00	Officer Director	$0	$0	$0
ED TATSCH	Director	1.00	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	No data	No data	No data	No data
2023	$1,566,988	$1,169,858	$769,391	$397,130
2022	$1,175,381	$1,142,263	$376,321	$33,118
2021	$916,783	$783,118	$342,110	$133,665
2020	$762,341	$621,815	$210,528	$140,526

MY FATHERS STOREHOUSE THE STOREHOUSE