GLORIES LEE HUBBARD COMPASSIONATE … - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JIMMY LEE HOMER JR

Phone

2816358206

Tax Period

2024-01-01 to 2024-12-31

GLORIES LEE HUBBARD COMPASSIONATE HANDS MINISTRY, founded in 2014, is a micro nonprofit in the Human Services sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ASSIST INDIVIDUALS THAT ARE INDEGENT BY PROVIDING FOOD, SHELTER, CLOTHING, FINANCIAL ASSISTANCE WITH UTILITIES AND RENT AND GUIDE THEM THROUGH THE PROCESS.

Program Service Accomplishments

Program 1

Expenses: $111,188

TO ASSIST INDIVIDUALS THAT ARE INDEGENT BY PROVIDING FOOD, SHELTER, CLOTHING, FINANCIAL ASSISTANCE WITH UTILITIES AND RENT AND GUIDE THEM THROUGH THE PROCESS.

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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 $97,263

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $97,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,151

Fundraising Expenses $0

Program Expenses $111,188

Other Expenses $112,610

TOTAL EXPENSES $120,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,271	$124,258	-0.2%
Expenses	$120,761	$109,268	+0.1%
Net Income	$-23,490	$14,990	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARLISHA HOMER	SECRETARY	5.00	Director	$0	$0	$0
JIMMY LEE HOMER JR	BOARD CHAIR	15.00	Director	$0	$0	$0
MELBA MITCHELL	TREASURER	5.00	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	$97,271	$120,761	$7,027	$-23,490
2023	$124,258	$109,268	$64,610	$14,990
2022	$207,448	$209,604	$50,191	$-2,156
2021	$207,448	$209,604	$50,189	$-2,156
2020	$222,441	$229,433	$7,073	$-6,992

GLORIES LEE HUBBARD COMPASSIONATE HANDS MINISTRY