Smithfield Rescue Mission (EIN 561245638) - 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

1978

Legal Domicile

Principal Officer

Ben Olsen

Phone

9199349257

Tax Period

2024-07-01 to 2025-06-30

Smithfield Rescue Mission, founded in 1978, is a small nonprofit in the Human Services sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 11% operating deficit.

Mission

Mass Shelter Mens Shelter and Womens Shelter Lodgings meals served on premises and items of clothing distributed and related sales of books and misc 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 (2024)

Revenue Breakdown

Contributions & Grants $227,308

Program Service Revenue $0

Investment Income $643

Other Revenue $0

TOTAL REVENUE $227,951

Expense Breakdown

Grants Paid $650

Salaries & Benefits $188,708

Fundraising Expenses $6,860

Program Expenses $244,057

Other Expenses $64,384

TOTAL EXPENSES $253,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,951	$361,462	-0.4%
Expenses	$253,742	$314,129	-0.2%
Net Income	$-25,791	$47,333	-1.5%

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

N/A

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
MARC ALLEN	Chairman	0.00	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
2025	$227,951	$253,742	$132,929	$-25,791
2024	$361,462	$314,129	$155,663	$47,333
2023	$274,238	$299,955	$108,330	$-25,717
2022	$258,561	$277,115	$134,047	$-18,554
2021	$86,902	$234,256	$176,781	$-147,354

Smithfield Rescue Mission