REFUGE INC (EIN 311655288) - 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

1999

Legal Domicile

Principal Officer

THOMAS THOMPSON

Phone

7406007298

Tax Period

2024-01-01 to 2024-12-31

REFUGE INC, founded in 1999, is a community nonprofit in the Religion sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $984K, a strong 24% operating margin.

Mission

THE REFUGE INC IS A CHRISTIAN MINISTRY PROGRAM THAT PROVIDES HOUSING, JOB TRAINING AND REHABILITATION TO PEOPLE WHO STRUGGLE WITH ALCOHOL, DRUG AND OTHER ADDICTIONS.

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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 $3,324,356

Program Service Revenue $711,906

Investment Income $-41,480

Other Revenue $77,332

TOTAL REVENUE $4,072,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,738,021

Fundraising Expenses $174,927

Program Expenses $2,184,347

Other Expenses $1,349,742

TOTAL EXPENSES $3,087,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,072,114	$1,488,880	+1.7%
Expenses	$3,087,763	$2,371,670	+0.3%
Net Income	$984,351	$-882,790	-2.1%

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

$418,500

Total Directors

$333,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HUNNELL	CDO	40.00	Officer	$133,180	$14,454	$147,634
WES THOMPSON	EXECUTIVE DI	40.00	Director	$78,404	$54,000	$132,404
BEN REYNOLDS	COO/SEC/TREA	40.00	Officer Director	$113,616	$1,750	$115,366
THOMAS THOMPSON	CHAIRMAN/FOU	40.00	Officer Director	$24,125	$61,474	$85,599
JORDAN FILLMORE	CFO	40.00	Officer	$62,300	$7,601	$69,901
NICK NYE	CHAIRMAN OF	1.00	Officer Director	$0	$0	$0
JOE SIMONET	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH THOMPSON	BOARD MEMBER	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	$4,072,114	$3,087,763	$4,362,303	$984,351
2023	$1,488,880	$2,371,670	$3,019,025	$-882,790
2022	$1,982,140	$2,037,752	$3,827,341	$-55,612
2021	$2,036,691	$1,836,837	$3,525,984	$199,854
2020	$2,160,925	$1,592,177	$3,465,424	$568,748
2019	$1,475,846	$1,628,686	$2,642,887	$-152,840

REFUGE INC