MERCY DROPS INC

EIN: 473103060 501(c)(3) Philanthropy & Grantmaking

CHESAPEAKE, VA

Total Revenue
$1,124,658
Total Expenses
$1,156,943
Total Assets
$284,526
Net Assets
$259,488
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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
2016
Legal Domicile
VA
Principal Officer
JOSEPH FRISZOLOWSKI
Phone
7579677599
Tax Period
2024-01-01 to 2024-12-31

MERCY DROPS INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

HELPING THE HOMELESS AND UNDERSERVED PEOPLE IN PORTSMOUTH, VA.

Program Service Accomplishments

Program 1
Expenses: $1,097,187

ADOPT-A-BLOCK - MERCY DROPS' ADOPT-A-BLOCK PROGRAM WAS STARTED TO SERVE THE UNDER-RESOURCED NEIGHBORHOODS IN THE HAMPTON ROADS COMMUNITY. THE ORGANIZATION PROVIDES CLOTHING, FOOD, AND BASIC...

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ADOPT-A-BLOCK - MERCY DROPS' ADOPT-A-BLOCK PROGRAM WAS STARTED TO SERVE THE UNDER-RESOURCED NEIGHBORHOODS IN THE HAMPTON ROADS COMMUNITY. THE ORGANIZATION PROVIDES CLOTHING, FOOD, AND BASIC NECESSITIES. IN 2024, MERCY DROPS DISTRIBUTED 191,164 POUNDS OF FOOD, 8,248 PIECES OF CLOTHING AND HELPED 13,906 FAMILIES.

Program 2

CARE PACKAGES FOR THE COMMUNITY - CARE PACKAGES ARE THE ORGANIZATION'S FLAGSHIP OUTREACH PROGRAM DESIGNED TO REACH THE UNDER-RESOURCED MEN AND WOMEN IN THE HAMPTON ROADS AREA. THE ORGANIZATION'S CARE...

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CARE PACKAGES FOR THE COMMUNITY - CARE PACKAGES ARE THE ORGANIZATION'S FLAGSHIP OUTREACH PROGRAM DESIGNED TO REACH THE UNDER-RESOURCED MEN AND WOMEN IN THE HAMPTON ROADS AREA. THE ORGANIZATION'S CARE PACKAGES CONTAIN WATER, FOOD, AND HYGIENE PRODUCTS. IN 2024, MERCY DROPS DELIVERED 4,061 CARE PACKAGES TO THOSE IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,093,346
Program Service Revenue $1,031
Investment Income $1
Other Revenue $30,280
TOTAL REVENUE $1,124,658

Expense Breakdown

Grants Paid $855,211
Salaries & Benefits $232,449
Fundraising Expenses $15,028
Program Expenses $1,097,598
Other Expenses $69,283
TOTAL EXPENSES $1,156,943

Year-over-Year Comparison

2024 2023 Change
Revenue $1,124,658 $969,303 +0.2%
Expenses $1,156,943 $1,028,884 +0.1%
Net Income $-32,285 $-59,581 -0.5%
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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Governance

Voting Members
4
Independent Members
4
Employees
12
Volunteers
2456

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH FRISZOLOWSKI EXECUTIVE DI 40.00
Officer
$0 $0 $0
SUE CARROLL PRESIDENT/TR 1.00
Director
$0 $0 $0
ALEX ZABEL BOARD MEMBER 1.00
Director
$0 $0 $0
TONJA WILLIAMS BOARD MEMBER 1.00
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 $1,124,658 $1,156,943 $284,526 $-32,285
2023 $969,303 $1,028,884 $303,787 $-59,581
2022 $1,116,719 $1,123,744 $358,197 $-7,025
2021 $259,945 $299,540 $361,347 $-39,595
2020 $264,184 $200,419 $399,909 $63,765
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