THE BARNABAS NETWORK (EIN 204533345) - 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

2007

Legal Domicile

Principal Officer

DERRICK SIDES

Phone

3363704002

Tax Period

2023-01-01 to 2023-12-31

THE BARNABAS NETWORK, founded in 2007, is a small nonprofit in the Human Services sector that reported $870K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $972K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Barnabas Network provides basic home furnishings at no cost to qualified families and individuals on the path to self-sufficiency. Their clients are transitioning out of homelessness, recovering from a major setback, fleeing abuse or violence, or overcoming severe poverty. In an average year the organization furnishes the homes of 800 families at no cost, helping a total of 2,200 people, giving out 10,000 pieces of furniture that would have otherwise been destined for the landfill. This includes more than 1,000 beds with half going to children ages 4-17.

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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 $908,071

Program Service Revenue $39,570

Investment Income $486

Other Revenue $-77,930

TOTAL REVENUE $870,197

Expense Breakdown

Grants Paid $349,207

Salaries & Benefits $449,399

Fundraising Expenses $90,900

Program Expenses $810,083

Other Expenses $173,154

TOTAL EXPENSES $971,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,197	$1,103,444	-0.2%
Expenses	$971,760	$764,902	+0.3%
Net Income	$-101,563	$338,542	-1.3%

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

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

$74,064

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derrick Sides	Executive Dir.	40.00	Officer	$74,064	$0	$74,064
BRYAN EDWARDS	Director	1.00	Director	$0	$0	$0
Courtney Murchison	Secretary	1.00	Officer Director	$0	$0	$0
Richard Vanore	Director	1.00	Director	$0	$0	$0
DAWN CARPENTER	Treasurer	1.00	Officer Director	$0	$0	$0
Dawn Martin	CHAIR	1.00	Officer Director	$0	$0	$0
KELLI COLEY	Director	1.00	Director	$0	$0	$0
LONNIE COCKERHAM	Director	1.00	Director	$0	$0	$0
DEBI MILLER	Director	1.00	Director	$0	$0	$0
BILL HOWLAND	Director	1.00	Director	$0	$0	$0
BRYAN MCNEILL	Director	1.00	Director	$0	$0	$0
DARNELL BRAME	Director	1.00	Director	$0	$0	$0
Robert Green	Director	1.00	Director	$0	$0	$0
SHELLEY KREBER	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	$870,197	$971,760	$1,318,818	$-101,563
2022	$1,103,444	$764,902	$1,422,943	$338,542
2021	$699,591	$673,198	$1,065,632	$26,393
2020	$562,723	$622,369	$1,096,312	$-59,646
2019	$578,269	$643,395	$1,118,891	$-65,126
2018	$876,856	$538,001	$1,167,262	$338,855

THE BARNABAS NETWORK