SIMPLE TRUTH FOUNDATION INC

EIN: 273684092 501(c)(3) Food, Agriculture & Nutrition

ORLANDO, FL

Total Revenue
$908,990
Total Expenses
$844,298
Total Assets
$121,580
Net Assets
$-66,849
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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
2010
Legal Domicile
FL
Tax Period
2024-01-01 to 2024-12-31

SIMPLE TRUTH FOUNDATION INC, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $909K in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. Expenses of $844K left a modest 7% surplus.

Mission

TO PROVIDE FOOD SERVICES AND EDUCATION THROUGH A FOOD PANTRY FOR LOW INCOME PEOPLE WITHOUT REGARD TO RACE CREED COLOR OR SEXUAL ORIENTATION.

Program Service Accomplishments

Program 1
Expenses: $753,154 Revenue: $908,990

EXPANDED FOOD PANTRY EXPANDED EDUCATION PROGRAMS FOR FOOD PANTRY CUSTOMERS NO INCREASE IN OVERHEAD COST OR PAYROLL WITH EXPANDED SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $908,990
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $908,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,407
Fundraising Expenses $0
Program Expenses $753,154
Other Expenses $686,891
TOTAL EXPENSES $844,298

Year-over-Year Comparison

2024 2023 Change
Revenue $908,990 $368,729 +1.5%
Expenses $844,298 $371,505 +1.3%
Net Income $64,692 $-2,776 -24.3%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
5

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
3
$84,667
Total Directors
2
$84,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PERRY MCCARTNEY DIRECTOR PRESIDENT 40.00
Officer Director
$84,667 $0 $84,667
MARGARITA MC CARTNEY DIRECTOR VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
NANCY JOLLY SECRETARY 0.00
Officer
$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 $908,990 $844,298 $121,580 $64,692
2023 $368,729 $371,505 $18,088 $-2,776
2022 $295,462 $295,049 $21,495 $413
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