REDMEN OF HUNTINGTON INC (EIN 550771065) - 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

1999

Legal Domicile

Principal Officer

MIKE MCCOMAS

Phone

3044291700

Tax Period

2024-01-01 to 2024-12-31

REDMEN OF HUNTINGTON INC, founded in 1999, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $14K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 114% operating deficit.

Mission

TO PROVIDE IMMEDIATE ACCESS TO FOOD AND/OR FINANCIAL AID TO NEEDY MEN, WOMEN AND CHILDREN IN THE TRI-STATE AREA.

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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 $23,079

Program Service Revenue $0

Investment Income $435

Other Revenue $-9,261

TOTAL REVENUE $14,253

Expense Breakdown

Grants Paid $11,078

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,570

Other Expenses $19,492

TOTAL EXPENSES $30,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,253	$39,972	-0.6%
Expenses	$30,570	$39,817	-0.2%
Net Income	$-16,317	$155	-106.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA BOOTEN	SECRETARY	16.00	Officer Director	$0	$0	$0
JOHN GALLAHER	VICE PRESIDE	16.00	Officer Director	$0	$0	$0
ETHEL K HAYES	DIRECTOR	5.00	Director	$0	$0	$0
ROSIE JETER	DIRECTOR	16.00	Director	$0	$0	$0
MIKE MCCOMAS	PRESIDENT	16.00	Officer 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	No data	No data	No data	No data
2024	$14,253	$30,570	$49,752	$-16,317
2023	$39,972	$39,817	$74,261	$155
2022	$33,543	$29,583	$75,748	$3,960
2021	$59,642	$28,190	$79,079	$31,452
2020	$15,629	$35,435	$51,649	$-19,806
2019	$49,841	$25,000	$79,646	$24,841
2018	$58,569	$64,999	$60,722	$-6,430

REDMEN OF HUNTINGTON INC