SOUP KITCHEN IN PROVINCETOWNINC (EIN 043380230) - 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

1992

Legal Domicile

Principal Officer

MARK BJORSTROM

Phone

5084878331

Tax Period

2024-07-01 to 2025-06-30

SOUP KITCHEN IN PROVINCETOWNINC, founded in 1992, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $627K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $275K, a strong 44% operating margin.

Mission

ESTABLISHED IN 1992, THE SOUP KITCHEN IN PROVINCETOWN (SKIP) PROVIDES A HOT, NOURISHING LUNCH TO OUTER CAPE COD RESIDENTS, NOVEMBER THROUGH APRIL, MONDAY THROUGH FRIDAY.

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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 $511,593

Program Service Revenue $0

Investment Income $50,480

Other Revenue $64,620

TOTAL REVENUE $626,693

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $117,000

Fundraising Expenses $20,259

Program Expenses $306,396

Other Expenses $234,100

TOTAL EXPENSES $352,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,693	$541,977	+0.2%
Expenses	$352,100	$332,169	+0.1%
Net Income	$274,593	$209,808	+0.3%

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

100

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
MARY ASHLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
PHILIP FRANCHINI	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
MARK BJORSTROM	TREASURER/ VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARTHA FAGAN	DIRECTOR	5.00	Director	$0	$0	$0
ROGER SECOURS	DIRECTOR	5.00	Director	$0	$0	$0
PETER BETIT	DIRECTOR	5.00	Director	$0	$0	$0
PAT MCGRATH	DIRECTOR	5.00	Director	$0	$0	$0
DONNA REARDON	DIRECTOR	5.00	Director	$0	$0	$0
NANCY MCLANE	DIRECTOR	5.00	Director	$0	$0	$0
BRETT PARSON	DIRECTOR	5.00	Director	$0	$0	$0
RON PLANTE	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL PETERS	DIRECTOR	5.00	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
2025	$626,693	$352,100	$1,590,705	$274,593
2024	$541,977	$332,169	$1,314,247	$209,808
2023	$418,460	$306,446	$1,097,401	$112,014
2022	$483,008	$266,302	$991,477	$216,706
2021	$523,515	$246,593	$774,500	$276,922
2020	$333,914	$232,680	$510,597	$101,234
2019	$216,599	$186,517	$396,572	$30,082

SOUP KITCHEN IN PROVINCETOWNINC