Basic Needs Inc of South Washington County (EIN 411878604) - 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

1997

Legal Domicile

Principal Officer

OPEY J PENALOGA

Phone

6512078656

Tax Period

2024-01-01 to 2024-12-31

Basic Needs Inc of South Washington County, founded in 1997, is a small nonprofit in the Human Services sector that reported $717K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO SUPPORT THE BASIC NEEDS OF THOSE IN OUR COMMUNITY SUCH AS HOUSING, FOOD, CLOTHING, AND COORDINATED SERVICES.

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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 $679,752

Program Service Revenue $0

Investment Income $519

Other Revenue $36,878

TOTAL REVENUE $717,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,121

Fundraising Expenses $20,382

Program Expenses $581,026

Other Expenses $470,030

TOTAL EXPENSES $712,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,149	$607,440	+0.2%
Expenses	$712,151	$560,244	+0.3%
Net Income	$4,998	$47,196	-0.9%

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

141

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF KRAUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY MARUSKA	TREASURER	1.00	Officer Director	$0	$0	$0
KATINA FOMBY	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY HARVEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
TARA MONACK	SECRETARY	1.00	Director	$0	$0	$0
SUSIE EVANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GILMER	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	$717,149	$712,151	$242,255	$4,998
2023	$607,440	$560,244	$245,180	$47,196
2022	$446,269	$427,325	$184,563	$18,944
2021	$374,486	$478,959	$166,920	$-104,473
2020	$349,057	$217,850	$331,673	$131,207

Basic Needs Inc of South Washington County