Meet the Need Development Corp

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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

2005

Legal Domicile

Principal Officer

Andy Embrey

Phone

8168133659

Tax Period

2023-01-01 to 2023-12-31

Meet the Need Development Corp, founded in 2005, is a small nonprofit in the Human Services sector that reported $436K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $83K, a strong 19% operating margin.

Mission

The Mission of Meet the Need is to assist the working poor through crisis situations in life.

Program Service Accomplishments

Program 1

Expenses: $171,642

Basic needs met at the Assistance Center 434 families which includes 1278 individuals Our Food Pantry assisted 404 families.Our Crisis Care Program(clothing,school fees,socks,and underwear) has...

Basic needs met at the Assistance Center 434 families which includes 1278 individuals Our Food Pantry assisted 404 families.Our Crisis Care Program(clothing,school fees,socks,and underwear) has assisted 174children

Program 2

Expenses: $89,589

Meet the Need provides job training and mentorship as well as a cafe calledOpportunity Cafe and Coffee. We want those who are struggling to get a job due topoor life choices in the past, aging out of Foster Care system, human trafficking, or other life challenges that has caused them not to be able to work to have theopportunity to overcome, to be restored, and to thrive again! We have a great staff that has helped us to continue to serve the community offering great food, customer service, andprayer.Basic needs met at the Assistance Center414 families which includes 1312 individualsOur Food Pantry assisted 353 families.Our Crisis Care Program(clothing,school fees,socks,and underwear) has assisted 172 children.Our Work Program (fuel,car repair,tires,and ID's) assisted 27 families.Last christmas we assisted 82 families, 238 children and teens with our Christmas program that provides new presents and stocking stuffers for families in need. We plan to have even more signed up this year.

Program 3

Expenses: $6,149

Our Work Program (fuel,car repair,tires,and ID's) assisted 64 families.Last christmas we assisted 102 families, 292 children and teens with our Christmasprogram that provides new presents and...

Our Work Program (fuel,car repair,tires,and ID's) assisted 64 families.Last christmas we assisted 102 families, 292 children and teens with our Christmasprogram that provides new presents and stocking stuffers for families in need.We plan to have even more signed up this year

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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 $240,125

Program Service Revenue $0

Investment Income $0

Other Revenue $195,903

TOTAL REVENUE $436,028

Expense Breakdown

Grants Paid $10,334

Salaries & Benefits $165,329

Fundraising Expenses $0

Program Expenses $267,380

Other Expenses $177,398

TOTAL EXPENSES $353,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,028	$384,382	+0.1%
Expenses	$353,061	$290,186	+0.2%
Net Income	$82,967	$94,196	-0.1%

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
Andy Embrey	President	0.25	Director	$0	$0	$0
Jim Kennedy	Treasurer	0.25	Director	$0	$0	$0
Mitch Buhman	Secretary	0.25	Director	$0	$0	$0
Karen Dolt	Board Member	0.25	Director	$0	$0	$0
Bob Gerdes	Board Member	0.25	Director	$0	$0	$0
Vince McNellis	Board Member	0.25	Director	$0	$0	$0
Pauline Porth	Board Member	0.25	Director	$0	$0	$0
Sharon Thompson	Board Member	0.25	Director	$0	$0	$0
Valerie Hoffecker	Executive Director	20.00		$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	$436,028	$353,061	$770,855	$82,967
2022	$384,382	$290,186	$684,734	$94,196
2021	$353,314	$302,519	$780,410	$50,795
2020	$449,769	$425,919	$742,226	$23,850
2019	$479,019	$456,623	$731,598	$22,396
2018	$466,197	$465,097	$720,757	$1,100