FLAT RIVER OUTREACH MINISTRIES INC (EIN 383402457) - 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

1998

Legal Domicile

Principal Officer

WENDIE PREISS

Phone

6168978260

Tax Period

2024-01-01 to 2024-12-31

FLAT RIVER OUTREACH MINISTRIES INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 30% operating margin.

Mission

FLAT RIVER OUTREACH MINISTRIES, INC'S PRIMARY PURPOSE IS TO SERVE THE PEOPLE OF THE GREATER LOWELL AREA IN THEIR TIME OF HARDSHIP. THE ORGANIZATION PROVIDES FOOD, FINANCIAL, AND OTHER ASSISTANCE FOR THE NEEDY AND OPERATES A THRIFT SHOP/FURNITURE STORE FOR THE SALE AND/OR DISTRIBUTION OF LOW COST CLOTHING, FURNITURE, AND HOUSEWARES.

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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 $2,882,145

Program Service Revenue $951,394

Investment Income $164,181

Other Revenue $1,280

TOTAL REVENUE $3,999,000

Expense Breakdown

Grants Paid $450,489

Salaries & Benefits $642,691

Fundraising Expenses $357,959

Program Expenses $2,267,507

Other Expenses $1,617,526

TOTAL EXPENSES $2,804,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,999,000	$2,454,475	+0.6%
Expenses	$2,804,920	$2,208,377	+0.3%
Net Income	$1,194,080	$246,098	+3.9%

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

361

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

$95,554

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDIE PREISS	EXECUTIVE DI	40.00	Officer	$82,413	$13,141	$95,554
AMY BELL	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
DAWN BROENE	DIRECTOR	1.00	Director	$0	$0	$0
DAVE EMMETTE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GERARD	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JAKE HEITMAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL JONES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MUNDT	TREASURER	2.00	Officer Director	$0	$0	$0
MARY NUGENT	DIRECTOR	1.00	Director	$0	$0	$0
SHELLI OTTEN	CHAIR	2.00	Officer Director	$0	$0	$0
HUNTER PHAM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY REITSMA	DIRECTOR	1.00	Director	$0	$0	$0
CARLA STONE	DIRECTOR	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	$3,999,000	$2,804,920	$5,547,304	$1,194,080
2023	$2,454,475	$2,208,377	$4,250,472	$246,098
2022	$2,193,393	$1,857,388	$3,849,925	$336,005
2021	$2,648,165	$1,366,139	$3,891,810	$1,282,026
2020	$1,471,183	$1,140,482	$2,528,376	$330,701
2019	$1,277,901	$1,315,473	$2,136,953	$-37,572
2018	$1,477,836	$1,251,580	$2,132,840	$226,256

FLAT RIVER OUTREACH MINISTRIES INC