SNAP FINANCIAL ACCESS (EIN 371502691) - 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

2005

Legal Domicile

Principal Officer

JULIE HONEKAMP

Phone

5094567627

Tax Period

2024-01-01 to 2024-12-31

SNAP FINANCIAL ACCESS, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $9.4M represent 90 months of operating reserves.

Mission

TO WORK FOR LOW INCOME AND VULNERABLE PEOPLE BY PROVIDING FINANCIAL SERVICES AND ECONOMIC OPPORTUNITIES IN A MANNER WHICH ENHANCES DIGNITY.

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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 $692,389

Program Service Revenue $17,567

Investment Income $548,414

Other Revenue $0

TOTAL REVENUE $1,258,370

Expense Breakdown

Grants Paid $72,972

Salaries & Benefits $795,675

Fundraising Expenses $0

Program Expenses $1,308,190

Other Expenses $442,989

TOTAL EXPENSES $1,311,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,258,370	$3,295,988	-0.6%
Expenses	$1,311,636	$2,119,925	-0.4%
Net Income	$-53,266	$1,176,063	-1.0%

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

N/A

Volunteers

154

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

$429,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE HONEKAMP	CEO	8.00	Officer	$0	$48,343	$263,078
KATHY BERG	FISCAL DIREC	8.00	Officer	$0	$30,107	$166,255
MARCIA DORWIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY ISSERLIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LACRECIA HILL	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
SALLY PRITCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
LATRICE WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
FATIMAH MIMRAH	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE EKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BRUNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY CURRY	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	$1,258,370	$1,311,636	$14,809,027	$-53,266
2023	$3,295,988	$2,119,925	$15,138,409	$1,176,063
2022	$3,604,500	$2,959,856	$13,042,626	$644,644
2021	$5,481,674	$4,606,424	$12,956,127	$875,250
2020	$2,898,498	$2,741,623	$11,008,506	$156,875
2019	$6,473,827	$4,843,707	$9,177,264	$1,630,120
2018	$2,624,044	$2,398,575	$5,806,429	$225,469

SNAP FINANCIAL ACCESS