GEORGETOWN MINISTRY CENTER

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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

1988

Legal Domicile

Principal Officer

RONALD CASTALDI

Phone

2023388301

Tax Period

2022-10-01 to 2023-09-30

GEORGETOWN MINISTRY CENTER, founded in 1988, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO SEEK LASTING SOLUTIONS FOR PEOPLE WHO ARE HOMELESS AND NEAR HOMELESS IN GEORGETOWN THROUGH AGGRESSIVE STREET OUTREACH, RESOURCE COUNSELING, PLACEMENT AND COORDINATION OF SERVICES.

Program Service Accomplishments

Program 1

Expenses: $730,074 Revenue: $87,500

GEORGETOWN MINISTRY CENTER GUIDES SERVICE-RESISTANT, CHRONICALLY HOMELESS INDIVIDUALS TOWARDS STABILITY THROUGH PROVISION OF A SAFE AND WELCOMING ENVIRONMENT WHERE EVERYONE IS TREATED WITH RESPECT...

GEORGETOWN MINISTRY CENTER GUIDES SERVICE-RESISTANT, CHRONICALLY HOMELESS INDIVIDUALS TOWARDS STABILITY THROUGH PROVISION OF A SAFE AND WELCOMING ENVIRONMENT WHERE EVERYONE IS TREATED WITH RESPECT. GMC HAS THREE FLAGSHIP PROGRAMS - DROP-IN CENTER, STREET OUTREACH, AND WINTER PROGRAM. OUR DROP-IN CENTER IS OPEN WEEKDAYS AS A SAFE PLACE TO TAKE A SHOWER, DO LAUNDRY, AND GET SOMETHING TO EAT. THE STREET OUTREACH TEAM WALKS THE STREETS OF GEORGETOWN DISTRIBUTING SUPPLIES TO OUR UNHOUSED NEIGHBORS. IT ALSO INCLUDES A PSYCHIATRIST AND GENERAL PRACTITIONER WHO ENGAGE IN STREET MEDICINE. GMC'S WINTER PROGRAM SERVES A WARM MEAL FIVE NIGHTS A WEEK, AND DISTRIBUTES WARMING ITEMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $879,806

Program Service Revenue $87,500

Investment Income $35,180

Other Revenue $6,302

TOTAL REVENUE $1,008,788

Expense Breakdown

Grants Paid $112,165

Salaries & Benefits $624,298

Fundraising Expenses $153,811

Program Expenses $730,074

Other Expenses $308,034

TOTAL EXPENSES $1,044,497

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,008,788	$868,850	+0.2%
Expenses	$1,044,497	$953,458	+0.1%
Net Income	$-35,709	$-84,608	-0.6%

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

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

$90,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY ANN ANDREAE	EXECUTIVE DIRECTOR	34.00	Officer	$84,835	$5,782	$90,617
RON CASTALDI PRESIDENT UNTIL	01/2023, THEN IMM. PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER WHATLEY	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL SHERMANVP UNTIL	01/2023, BOARD MEMBER UNTIL 07/2023	1.00	Officer Director	$0	$0	$0
JOHN WIEBENSON BOARD MEMBER	UNTIL 01/2023, THEN PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD RIDDELL	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD LORDAHL	SECRETARY	1.00	Officer Director	$0	$0	$0
BABATUNDE ADEKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LANGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMIAH CASSIDY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WACASTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHY PRESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY SHIU	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ATHENA FULAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARELLE STAGG	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE HUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH BUNNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEN PAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK SHEWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HENRY	BOARD MEMBER AS OF 01/2023	1.00	Director	$0	$0	$0
WILL LONG	BOARD MEMBER AS OF 11/2023	1.00	Director	$0	$0	$0
OUTERBRIDGE HORSEY	BOARD MEMBER UNTIL 09/2023	1.00	Director	$0	$0	$0
CARRINGTON TARR	BOARD MEMBER UNTIL 06/2023	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	No data	No data	No data	No data
2023	$1,008,788	$1,044,497	$751,344	$-35,709
2022	$868,850	$953,458	$794,791	$-84,608
2021	$930,322	$882,502	$947,968	$47,820
2020	$642,916	$734,096	$851,533	$-91,180
2019	$598,241	$841,241	$937,346	$-243,000
2018	$936,990	$841,321	$1,218,003	$95,669