The Gathering Source Inc (EIN 462956183) - 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

2010

Legal Domicile

Principal Officer

Bruce Wadman

Phone

9209271702

Tax Period

2024-01-01 to 2024-12-31

The Gathering Source Inc, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $728K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $316K, a strong 43% operating margin.

Mission

We are devoted to caring for hunger education and wellness in our rural communities in partnership with schools churches & organizations.

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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 $727,211

Program Service Revenue $0

Investment Income $1,053

Other Revenue $0

TOTAL REVENUE $728,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,392

Program Expenses $387,999

Other Expenses $411,917

TOTAL EXPENSES $411,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,264	$386,199	+0.9%
Expenses	$411,917	$293,626	+0.4%
Net Income	$316,347	$92,573	+2.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Wadman	Board President	30.00	Officer Director	$0	$0	$0
Tanya Lemke	Board Vice President	2.00	Officer Director	$0	$0	$0
Sharon Snow	Board Member - Founder	10.00	Director	$0	$0	$0
Tracy Malterer	Board Secretary	3.00	Officer Director	$0	$0	$0
Terry CConnor	Board Member	2.00	Director	$0	$0	$0
Sally Drenoske	Board Member	30.00	Director	$0	$0	$0
Tom Caine	Board Member	2.00	Director	$0	$0	$0
Roger Thimm	Board Treasurer	3.00	Officer Director	$0	$0	$0
Amanda Wisth	Board Member	2.00	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
2025	No data	No data	No data	No data
2024	$728,264	$411,917	$947,164	$316,347
2023	$386,199	$293,626	$499,048	$92,573
2022	$288,321	$285,392	$452,469	$2,929
2021	$250,584	$208,335	$467,017	$42,249
2020	$296,445	$225,766	$448,981	$70,679
2019	$175,827	$202,049	$282,039	$-26,222

The Gathering Source Inc