RANDOLF COUNTY VETERANS SHELTER INC DBA THE JOURNEY HOME (EIN 462943028) - 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

2013

Legal Domicile

Principal Officer

JUSTIN LESTER

Phone

7655958297

Tax Period

2023-01-01 to 2023-12-31

RANDOLF COUNTY VETERANS SHELTER INC DBA THE JOURNEY HOME, founded in 2013, is a small nonprofit in the Mental Health sector that reported $653K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $723K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE TRANSITIONAL HOUSING TO HOMELESS VETERANS AND ASSIST THEM WITH THEIR TRANSITION TO MORE FULFILLING LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $666,099

Program Service Revenue $0

Investment Income $0

Other Revenue $-13,558

TOTAL REVENUE $652,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,918

Fundraising Expenses $122,255

Program Expenses $502,626

Other Expenses $150,137

TOTAL EXPENSES $723,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$652,541	$747,161	-0.1%
Expenses	$723,055	$712,615	+0.0%
Net Income	$-70,514	$34,546	-3.0%

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

Volunteers

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

$87,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BAKER	CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN PRESTON	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
IAN ROBERTSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DAN BAKER	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM SOLOMON	BOARD MEMBER	2.00	Director	$0	$0	$0
ELDON SOLOMON	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$79,188	$0	$79,188
JUSTIN LESTER	BUSINESS ADMINISTRATOR	40.00	Officer	$7,923	$0	$7,923

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	$652,541	$723,055	$129,021	$-70,514
2022	$747,161	$712,615	$171,766	$34,546
2021	$649,561	$681,080	$151,440	$-31,519
2020	$656,031	$688,809	$199,929	$-32,778
2019	$674,732	$561,390	$223,644	$113,342
2018	$527,190	$465,897	$109,063	$61,293

RANDOLF COUNTY VETERANS SHELTER INC DBA THE JOURNEY HOME