THE REFUGE INC (EIN 263072986) - 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

2008

Legal Domicile

Principal Officer

KERRY CARMICHAEL

Phone

3178897338

Tax Period

2024-01-01 to 2024-12-31

THE REFUGE INC, founded in 2008, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $550K in total revenue in fiscal year 2024. Revenue surged 236% from the prior year, signaling strong growth momentum. Expenses of $483K left a modest 12% surplus.

Mission

THE REFUGE HAS TRAINED AND PROVIDED BASIC NEEDS TO OVER 5000 INDIVIDUALS. CLOTHING, FOOD, ACADEMIC, AND FINANCIAL TRAINING AND COUNSELING IS PROVIDED TO FAMILIES AND INDIVIDUALS WHO SEEK TO BREAK THE CYCLE OF POVERTY.

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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 $549,174

Program Service Revenue $0

Investment Income $572

Other Revenue $0

TOTAL REVENUE $549,746

Expense Breakdown

Grants Paid $3,238

Salaries & Benefits $153,006

Fundraising Expenses $5,457

Program Expenses $443,782

Other Expenses $326,438

TOTAL EXPENSES $482,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,746	$163,724	+2.4%
Expenses	$482,682	$165,503	+1.9%
Net Income	$67,064	$-1,779	-38.7%

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

150

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

$63,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY CARMICHAEL	EXECUTIVE DI	40.00	Officer	$63,417	$0	$63,417
MIKE MCQUEEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK WALLISCHECK	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LINDA GORDEN	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES KAS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID MAURER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS SHEETS	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA SLAUTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER MCCORMICK	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY SULLIVAN	BOARD MEMBER	2.00	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	$549,746	$482,682	$698,921	$67,064
2023	$163,724	$175,267	$694,123	$-11,543
2022	$188,019	$167,722	$722,770	$20,297
2021	$171,950	$129,551	$751,829	$42,399
2020	$215,000	$101,983	$266,805	$113,017

THE REFUGE INC