PIEDMONT RESCUE MISSION INC

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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

JOHN C HONEYCUTT

Phone

3362296995

Tax Period

2024-01-01 to 2024-12-31

PIEDMONT RESCUE MISSION INC, founded in 1988, is a small nonprofit that reported $727K in total revenue in fiscal year 2024. The organization ran a surplus of $143K, a strong 20% operating margin.

Mission

PIEDMONT RESCUE MISSION, INC SERVES ALAMANCE COUNTY & SURROUNDING AREAS. A HOME FOR HOMELESS & NEEDY MEN WITH SUBSTANCE ABUSE ISSUES, PEER COUNSELING FOR WOMEN WITH UNPLANNED PREGNANCIES AND WOMEN IN CRISIS SITUATIONS;

Program Service Accomplishments

Program 1

Expenses: $251,515 Revenue: $120,686

THE MISSION PROVIDED SHELTER AND FOOD TO AN AVERAGE OF 30 MEN PER NIGHT FOR 365 NIGHTS AND PROVIDED 3 MEALS PER DAY TO 30 MEN DURING THE YEAR WHICH TOTALS 32,850 MEALS. THE MISSION ALSO PROVIDED...

THE MISSION PROVIDED SHELTER AND FOOD TO AN AVERAGE OF 30 MEN PER NIGHT FOR 365 NIGHTS AND PROVIDED 3 MEALS PER DAY TO 30 MEN DURING THE YEAR WHICH TOTALS 32,850 MEALS. THE MISSION ALSO PROVIDED CHRISTIAN COUNSELING AND JOB PLACEMENT SERVICES. IN ADDITION TO FEEDING THE RESIDENTS, CHRISTMAS MEAL FED OVER 500 PEOPLE AND GAVE AWAY 120 BICYCLES, OVER 350 WRAPPED TOYS, 350 COATS, 500 HATS/SCARVES/GLOVES, 400 PAIRS OF SOCKS, 75 TURKEYS AND 25 HAMS AND 2330 BOXES(INCLUDING WEEKLY)OF GROCERIES.

Program 2

Expenses: $40,242 Revenue: $78,512

THE APS MISSION SERVICED 56 WOMEN IN THEIR PREGANANCY SERVICES MINISTRIES DURING THE YEAR. CLASSES AND/ OR BABY NEEDS WERE PROVIDED TO THESE WOMEN.

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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 $548,974

Program Service Revenue $37,428

Investment Income $1,865

Other Revenue $139,009

TOTAL REVENUE $727,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,618

Fundraising Expenses $96,105

Program Expenses $291,757

Other Expenses $252,006

TOTAL EXPENSES $584,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$727,276	$705,357	+0.0%
Expenses	$584,624	$551,336	+0.1%
Net Income	$142,652	$154,021	-0.1%

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

140

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

$67,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KARNS	PRESIDENT	0.00	Director	$0	$0	$0
NICK MCCORQUODALE	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY ALLRED	SEC/TREASURER	0.00	Director	$0	$0	$0
DON CARTER	VICE PRESIDENT	0.00	Director	$0	$0	$0
DENNIS RIDDELL	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES BLACK	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN C HONEYCUTT	EXEC. DIRECTOR	40.00	Director	$49,857	$18,000	$67,857
STUART JOHNSTON	BOARD MEMBER	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
2024	$727,276	$584,624	$1,520,025	$142,652
2023	$705,357	$551,336	$1,396,513	$154,021
2022	$657,896	$488,361	$1,237,911	$169,535
2021	$585,481	$456,930	$1,074,882	$128,551
2020	$377,060	$418,729	$943,067	$-41,669