GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY (EIN 560934855) - 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

1969

Legal Domicile

Principal Officer

MOLLY SAIN

Phone

8283270979

Tax Period

2023-01-01 to 2023-12-31

GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY, founded in 1969, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $715K, a strong 20% operating margin.

Mission

TO PROVIDE CRISIS ASSISTANCE TO THOSE IN NEED THROUGH THE FOLLOWING PROGRAMS: FOOD PANTRY, FINANCIAL ASSISTANCE, HEALTHCARE CENTER, AND THRIFT STORE

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,275,391

Program Service Revenue $104,794

Investment Income $1,329,681

Other Revenue $-48,386

TOTAL REVENUE $3,661,480

Expense Breakdown

Grants Paid $1,795,107

Salaries & Benefits $816,750

Fundraising Expenses $108,193

Program Expenses $2,396,154

Other Expenses $334,228

TOTAL EXPENSES $2,946,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,661,480	$2,365,925	+0.5%
Expenses	$2,946,085	$3,151,207	-0.1%
Net Income	$715,395	$-785,282	-1.9%

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

$68,484

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY APPENZELLER	MEMBER	2.00	Director	$0	$0	$0
NAOMI EAST	MEMBER	2.00	Director	$0	$0	$0
JEFF GNIADEK	MEMBER	2.00	Director	$0	$0	$0
FRAN HERFURTH	MEMBER	2.00	Director	$0	$0	$0
LORI ALALA	MEMBER	2.00	Director	$0	$0	$0
JENNIFER FORRESTER	MEMBER	2.00	Director	$0	$0	$0
ROD HARKLEROAD	MEMBER	2.00	Director	$0	$0	$0
DAVID WILLIAMS	MEMBER	2.00	Director	$0	$0	$0
ANGELA SHERRILL	LEGAL COUNSEL	2.00	Officer Director	$0	$0	$0
SHERRY RICHARDSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNIS CHALK	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER MCCRACKEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL BLACKBURN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
TIFFANY BRITTAIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MOLLY SAIN	EXECUTIVE DIRECTOR	40.00	Officer	$68,484	$0	$68,484

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	$3,661,480	$2,946,085	$4,741,900	$715,395
2022	$2,365,925	$3,151,207	$3,920,266	$-785,282
2021	$3,541,261	$3,710,254	$4,458,990	$-168,993
2020	$4,321,266	$4,028,979	$4,636,081	$292,287
2019	$4,126,552	$4,175,181	$4,302,359	$-48,629
2018	$5,305,136	$5,120,049	$4,277,474	$185,087

GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY