FREDERICK RESCUE MISSION INC (EIN 520813371) - 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

1964

Legal Domicile

Principal Officer

ARNOLD W FARLOW

Phone

3016956633

Tax Period

2024-01-01 to 2024-12-31

FREDERICK RESCUE MISSION INC, founded in 1964, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO RESCUE PEOPLE FROM HUNGER, POVERTY, AND CHEMICAL ADDICTION THROUGH CHRIST'S LOVE.

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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 $5,669,870

Program Service Revenue $54,900

Investment Income $175,685

Other Revenue $-33,258

TOTAL REVENUE $5,867,197

Expense Breakdown

Grants Paid $2,117,068

Salaries & Benefits $2,017,433

Fundraising Expenses $272,404

Program Expenses $5,624,502

Other Expenses $2,055,522

TOTAL EXPENSES $6,190,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,867,197	$5,796,798	+0.0%
Expenses	$6,190,023	$5,846,296	+0.1%
Net Income	$-322,826	$-49,498	+5.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1277

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

$282,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD W FARLOW	EXECUTIVE DI	50.00	Officer	$154,686	$28,561	$183,247
AMY NEWTON	DIRECTOR OF	40.00	Officer	$88,557	$10,746	$99,303
ANDY LUDLUM	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN DALLAVALLE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SANDRA DUNNINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE MCGINLEY	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY AFZALI	AT LARGE	1.00	Director	$0	$0	$0
MICHAEL SCHUCHARDT	AT LARGE	1.00	Director	$0	$0	$0
DAVID BUGHER	AT LARGE	1.00	Director	$0	$0	$0
DAN RYAN	AT LARGE	1.00	Director	$0	$0	$0
CHARLES SMITH	AT LARGE	1.00	Director	$0	$0	$0
JIM NICHOLSON	AT LARGE	1.00	Director	$0	$0	$0
KATHY SCHULTZE	AT LARGE	1.00	Director	$0	$0	$0
MONICA KOLBAY	AT LARGE	1.00	Director	$0	$0	$0
DOUG OCHS	AT LARGE	1.00	Director	$0	$0	$0
CHARLIE POWERS	AT LARGE	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	$5,867,197	$6,190,023	$7,020,855	$-322,826
2023	$5,796,798	$5,846,296	$7,431,920	$-49,498
2022	$5,686,563	$5,346,692	$7,173,967	$339,871
2021	$5,166,957	$4,743,607	$6,870,226	$423,350
2020	$5,437,323	$4,602,844	$6,664,007	$834,479
2019	$3,651,439	$3,596,080	$5,777,137	$55,359
2018	$4,642,332	$3,861,064	$6,149,760	$781,268

FREDERICK RESCUE MISSION INC