MALACHI HOUSE II

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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

Principal Officer

JAMES M SPEIGHT

Phone

3363750900

Tax Period

2024-01-01 to 2024-12-31

MALACHI HOUSE II, founded in 2010, is a small nonprofit in the Mental Health sector that reported $756K in total revenue in fiscal year 2024.

Mission

THE AGENCY'S PURPOSE IS TO PROVIDE A NINE MONTH RESIDENTIAL FAITH-BASED MENTORING RECOVERY PROGRAM DESIGNED TO REACH OUT TO MEN IN THEIR RECOVERY PROCESS. THE PRIMARY GOAL IS TO ASSIST MEN WITH OVERCOMING THE PROBLEMS THAT LEAD TO ADDICTION AND BRIDGE THE GAP BETWEEN RECOVERY AND THE TRANSITION BACK INTO MAINSTREAM SOCIETY. OUR GOAL IS TO SEE MEN WHO GRADUATE FROM THE AGENCY BECOME BOTH ASSETS TO THE COMMUNITY AND PRODUCTIVE CITIZENS, AND TO RESTORE THEM TO THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $539,012 Revenue: $354,970

PROVIDED COMPREHENSIVE RESIDENTIAL RECOVERY SUPPORT SERVICES TO PARTICIPANTS. PARTICIPANTS RECEIVE SHELTER, FOOD, CLOTHING & SUSTAINED RECOVERY CURRICULUM. SOME PARTICIPANTS' FAMILIES RECEIVED GIFTS FROM EMPTY STOCKING FUND AND TOYS FOR TOTS AND OTHER PARTICIPANTS' FAMILIES RECEIVED GIFTS FROM WELFARE REFORM LIAISON. MANY PARTICIPANTS RECEIVED A JOB, LEADERSHIP TRAINING AND VOCATIONAL TRAINING IN VARIOUS INDUSTRIES SUCH AS WELFARE REFORM LIAISON, GUILFORD COUNTY ANIMAL SHELTER, MOBILE HAND CAR WASH, FURNTURE MARKET AND HONEY BAKED HAM.

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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 $331,855

Program Service Revenue $354,970

Investment Income $0

Other Revenue $69,064

TOTAL REVENUE $755,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,159

Fundraising Expenses $90,858

Program Expenses $539,012

Other Expenses $467,546

TOTAL EXPENSES $795,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$755,889	$766,943	0.0%
Expenses	$795,705	$777,796	+0.0%
Net Income	$-39,816	$-10,853	+2.7%

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

N/A

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

$73,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAMIKA PYFROM	DIRECTOR	0.00	Director	$0	$0	$0
LORA CUBBAGE	DIRECTOR	0.00	Director	$0	$0	$0
BARRY SMITH	DIRECTOR	0.00	Director	$0	$0	$0
LARRY BURNETTE	DIRECTOR	0.00	Director	$0	$0	$0
TONY PHIFER	DIRECTOR	0.00	Director	$0	$0	$0
JAMES D THORNE	CHAIRMAN	0.00	Officer Director	$0	$0	$0
GEORGE GIBSON	TREASURER	0.00	Officer Director	$0	$0	$0
CARLETTA SIMMONS	SECRETARY	0.00	Officer Director	$0	$0	$0
JAMES M SPEIGHT	EXECUTIVE DIRECTOR	40.00	Officer	$73,650	$0	$73,650

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
2025	No data	No data	No data	No data
2024	$755,889	$795,705	$644	$-39,816
2023	$766,943	$777,796	$22,635	$-10,853
2022	$728,908	$710,397	$34,701	$18,511
2021	$802,809	$782,891	$15,066	$19,918
2020	$711,815	$720,806	$20,180	$-8,991
2019	$787,319	$813,812	$20,141	$-26,493
2018	$823,850	$850,969	$25,415	$-27,119