Meet The Needs Charleston (EIN 472703106) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Phone

8438105960

Tax Period

2024-07-01 to 2025-06-30

Meet The Needs Charleston, founded in 2009, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

TO SUPPORT ISSUES PERTAINING TO HUNGER, HOMELESSNESS, AND JOB TRAINING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,796

Program Service Revenue $0

Investment Income $0

Other Revenue $695,620

TOTAL REVENUE $1,085,416

Expense Breakdown

Grants Paid $870,033

Salaries & Benefits $124,824

Fundraising Expenses $0

Program Expenses $870,191

Other Expenses $22,435

TOTAL EXPENSES $1,017,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,085,416	$886,125	+0.2%
Expenses	$1,017,292	$852,841	+0.2%
Net Income	$68,124	$33,284	+1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$99,583

Total Directors

$99,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dixon Woodward	Treasurer	2.0	Officer Director	$0	$0	$0
Ellen Gansen	Secretary	5.0	Officer Director	$34,583	$0	$34,583
Michael Bakst	President	10.0	Officer Director	$65,000	$0	$65,000
Steve Palmer	Board Member	1.0	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	$1,085,416	$1,017,292	$207,685	$68,124
2024	$886,125	$852,841	$141,265	$33,284
2023	$901,643	$847,674	$108,050	$53,969
2022	$870,683	$849,188	$52,308	$21,495
2021	$308,753	$417,971	$30,813	$-109,218
2020	$827,986	$706,772	$142,828	$121,214
2019	$494,976	$504,860	$18,818	$-9,884

Meet The Needs Charleston