MARTHAS CORPORATION

EIN: 452439534 501(c)(3) Human Services

BELHAVEN, NC

Total Revenue
$248,135
Total Expenses
$269,214
Total Assets
$406,757
Net Assets
$406,757
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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
2011
Legal Domicile
NC
Principal Officer
Elaine Hudnell
Phone
2529432124
Tax Period
2025-01-01 to 2025-12-31

MARTHAS CORPORATION, founded in 2011, is a small nonprofit in the Human Services sector that reported $248K in total revenue in fiscal year 2025.

Mission

Feed and clothe poor in Eastern Beaufort County

Program Service Accomplishments

Program 1
Expenses: $269,214

Maintained food pantry and clothing inventory for needy in Eastern Beaufort County. Maintained clothing store to fund food pantry.

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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 (2025)

Revenue Breakdown

Contributions & Grants $15,022
Program Service Revenue $228,641
Investment Income $1,772
Other Revenue $2,700
TOTAL REVENUE $248,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $269,214
Other Expenses $269,214
TOTAL EXPENSES $269,214

Year-over-Year Comparison

2025 2024 Change
Revenue $248,135 $232,317 +0.1%
Expenses $269,214 $141,207 +0.9%
Net Income $-21,079 $91,110 -1.2%
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
5
Employees
N/A
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elaine Hudnell President 005.00
Officer Director
$0 $0 $0
Don Jones Vice President 002.00
Officer Director
$0 $0 $0
Karen Rodman Secretary-Recording 002.00
Officer Director
$0 $0 $0
Elaine Swindell Secretary-Correspondence 002.00
Officer Director
$0 $0 $0
Joan Mathis Treasury 005.00
Officer 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
2025 $248,135 $269,214 $406,757 $-21,079
2024 $232,317 $141,207 $427,836 $91,110
2023 $218,810 $122,725 $336,726 $96,085
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