HICKORY SOUP KITCHEN INC (EIN 561385956) - 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

1985

Legal Domicile

Principal Officer

AUSTIN PEARCE

Phone

8283274828

Tax Period

2024-01-01 to 2024-12-31

HICKORY SOUP KITCHEN INC, founded in 1985, is a small nonprofit that reported $847K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 18% operating margin.

Mission

PROVIDE DAILY MEAL TO THE HOMELESS AND INDIGENT OF CATAWBA COUNTY.

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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 $728,205

Program Service Revenue $0

Investment Income $116,009

Other Revenue $3,181

TOTAL REVENUE $847,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,892

Fundraising Expenses $15,805

Program Expenses $647,926

Other Expenses $345,991

TOTAL EXPENSES $698,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,395	$559,155	+0.5%
Expenses	$698,883	$663,269	+0.1%
Net Income	$148,512	$-104,114	-2.4%

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

1187

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

$76,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVIANCE WILLIAMS	TREASURER	4.00	Officer Director	$0	$0	$0
BILL CABLE	DIRECTOR	2.00	Director	$0	$0	$0
LESLEY CANNADY	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN DAGENHARDT	DIRECTOR	2.00	Director	$0	$0	$0
EMILY GARMON	DIRECTOR	2.00	Director	$0	$0	$0
TODD HEFNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY FORBES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LUNDEEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEAN GAY	DIRECTOR	2.00	Director	$0	$0	$0
JIMMY HUDSPETH	DIRECTOR	2.00	Director	$0	$0	$0
JANET MATTHEWS	DIRECTOR	2.00	Director	$0	$0	$0
COLTON SEXTON	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD GOMERSALL	DIRECTOR	2.00	Director	$0	$0	$0
JEFF KINCAID	DIRECTOR	2.00	Director	$0	$0	$0
NANCY HARDY	DIRECTOR	2.00	Director	$0	$0	$0
LISA JENNINGS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA MCNALLY	DIRECTOR	2.00	Director	$0	$0	$0
MARK SINCLAIR	DIRECTOR	2.00	Director	$0	$0	$0
FAN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE MCALPIN	DIRECTOR	2.00	Director	$0	$0	$0
TERESA VASQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
ANITA WARE	DIRECTOR	2.00	Director	$0	$0	$0
PAM WALTERS	DIRECTOR	2.00	Director	$0	$0	$0
BOBBI TRICK	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN TALLENT	SECRETARY	2.00	Officer Director	$0	$0	$0
AUSTIN PEARCE	EXECUTIVE DIRECTOR	40.00	Officer	$76,200	$0	$76,200

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	$847,395	$698,883	$3,145,187	$148,512
2023	$559,155	$663,269	$2,956,631	$-104,114
2022	$649,995	$527,050	$2,857,137	$122,945
2021	$661,389	$483,158	$2,960,733	$178,231
2020	$644,462	$443,551	$2,800,418	$200,911
2019	$437,443	$342,370	$2,527,416	$95,073

HICKORY SOUP KITCHEN INC