HOLLY SPRINGS FOOD CUPBOARD

EIN: 272859804 501(c)(3) Food, Agriculture & Nutrition

HOLLY SPRINGS, NC

Total Revenue
$886,689
Total Expenses
$744,078
Total Assets
$897,458
Net Assets
$897,458
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
BRUCE MEYER
Phone
9195772210
Tax Period
2023-01-01 to 2023-12-31

HOLLY SPRINGS FOOD CUPBOARD, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $887K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 16% operating margin.

Mission

THE MISSION OF THE HOLLY SPRINGS FOOD CUPBOARD IS TO PROVIDE SUPPLEMENTAL FOOD AND REFERRAL ASSISTANCE TO THOSE IN NEED IN THE HOLLY SPRINGS COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $863,333
Program Service Revenue $0
Investment Income $18,246
Other Revenue $5,110
TOTAL REVENUE $886,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $721,792
Other Expenses $744,078
TOTAL EXPENSES $744,078

Year-over-Year Comparison

2023 2022 Change
Revenue $886,689 $509,714 +0.7%
Expenses $744,078 $426,311 +0.7%
Net Income $142,611 $83,403 +0.7%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
175

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM BASDEN CUPBOARD MAN 16.50
Director
$0 $0 $0
TONY BETHEA TRANSPORTATI 8.00
Director
$0 $0 $0
LEIGH BRANTLEY MARKETING DI 6.75
Director
$0 $0 $0
CARIANN COLMAN SECRETARY 11.25
Officer Director
$0 $0 $0
ABRA CULLEN ASSISTANT TR 7.00
Director
$0 $0 $0
JERRY DEWITT GARDEN DIREC 10.50
Director
$0 $0 $0
DAVE DYER FOOD RECOVER 5.25
Director
$0 $0 $0
CATHY GREENWALD TREASURER 8.00
Officer Director
$0 $0 $0
SARA HAGGAR ADMIN DIRECT 21.75
Director
$0 $0 $0
PAT HAGGARD EXECUTIVE DI 35.25
Officer Director
$0 $0 $0
WANDA HOLLOWAY DISTRIBUTION 5.00
Director
$0 $0 $0
BRUCE MEYER PRESIDENT 2.20
Officer Director
$0 $0 $0
LESA O'NEAL FOOD DRIVE D 5.00
Director
$0 $0 $0
ALICIA STAUBUS VOLUNTEER DI 4.75
Director
$0 $0 $0
JESSICA WARD PROPERTY DIR 16.00
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 $886,689 $744,078 $897,458 $142,611
2022 $509,714 $426,311 $754,847 $83,403
2021 $480,983 $348,315 $671,444 $132,668
2020 $516,176 $347,455 $538,776 $168,721
2019 $257,865 $223,726 $370,055 $34,139
2018 $257,167 $212,318 $335,916 $44,849
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