Meet the Need Development Corp (EIN 030551006) - 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

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.

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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

Meet the Need Development Corp