OPERATION HOMELESS INC

EIN: 383906922 501(c)(3) Human Services

KANNAPOLIS, NC

Total Revenue
$92,014
Total Expenses
$48,632
Total Assets
$530,662
Net Assets
$530,020
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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
2013
Legal Domicile
NC
Phone
7047926767
Tax Period
2023-01-01 to 2023-12-31

OPERATION HOMELESS INC, founded in 2013, is a micro nonprofit in the Human Services sector that reported $92K in total revenue in fiscal year 2023. The organization ran a surplus of $43K, a strong 47% operating margin.

Mission

To heal and elevate hope while meeting basic human needs one life at a time

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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 (2023)

Revenue Breakdown

Contributions & Grants $89,771
Program Service Revenue $0
Investment Income $10
Other Revenue $2,233
TOTAL REVENUE $92,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,065
Fundraising Expenses $0
Program Expenses $41,245
Other Expenses $37,967
TOTAL EXPENSES $48,632

Year-over-Year Comparison

2023 2022 Change
Revenue $92,014 N/A N/A
Expenses $48,632 N/A N/A
Net Income $43,382 $0 N/A
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
5
Independent Members
N/A
Employees
N/A
Volunteers
10

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
5
$7,185
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry C Stancil President 35.00
Officer
$6,500 $0 $6,500
Brandon Stancil Vice President 10.00
Officer
$0 $0 $0
Cynthia Gulledge Secretary 1.00
Officer
$0 $0 $0
Terry C Stancil Treasurer 5.00
Officer
$0 $0 $0
Jeff McClure Board Member 10.00
Officer
$685 $0 $685
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 No data No data No data No data
2023 $92,014 $48,632 $530,662 $43,382
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