GARNER AREA MINISTRIES 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

1981

Legal Domicile

Principal Officer

LISA LAVERONI

Phone

9197729100

Tax Period

2024-01-01 to 2024-12-31

GARNER AREA MINISTRIES INC, founded in 1981, is a small nonprofit in the Human Services sector that reported $352K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $316K left a modest 10% surplus.

Mission

THE PURPOSE OF THE MINISTRY IS TO PROVIDE ASSISTANCE TO INDIVIDUALS IN NEED IN THE GARNER AREA.

Program Service Accomplishments

Program 1

Expenses: $315,896

THE ORGANIZATION OPERATES A THRIFT STORE THAT COLLECTS ITS INVENTORY ENTIRELY VIA DONATIONS FROM THE GENERAL PUBLIC. THE LOW-COST ITEM PRICES ALLOW MEMBERS OF THE COMMUNITY TO ADEQUATELY CLOTHE AND SUPPORT THEIR NEEDS CONSISTENT WITH THE ORGANIZATION'S COMMUNITY BENEFIT EXEMPT PURPOSE WHILE ALSO PROVIDING AN ADDITIONAL FUNDING RESOURCE FOR THE ORGANIZATION.

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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 $61,667

Program Service Revenue $0

Investment Income $16,687

Other Revenue $273,764

TOTAL REVENUE $352,118

Expense Breakdown

Grants Paid $116,429

Salaries & Benefits $64,204

Fundraising Expenses $0

Program Expenses $315,896

Other Expenses $135,263

TOTAL EXPENSES $315,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,118	$242,914	+0.4%
Expenses	$315,896	$223,887	+0.4%
Net Income	$36,222	$19,027	+0.9%

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

Total Directors

$31,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY CRUSEN	Director	40.00	Director	$20,612	$0	$20,612
LISA LAVERONI	Treasurer	10.00	Director	$10,480	$0	$10,480
BEN ACTON	Director	1.00	Director	$0	$0	$0
KATHRYN BLUE	President	6.00	Director	$0	$0	$0
SUSAN EMANNUEL	Vice President	6.00	Director	$0	$0	$0
DAVID FELTS	Director	6.00	Director	$0	$0	$0
MELINDA FELTS	Director	6.00	Director	$0	$0	$0
TOM HAMEL	Director	20.00	Director	$0	$0	$0
FAYE MARSHBURN	Secretary	6.00	Director	$0	$0	$0
CAROL SMITH	Director	6.00	Director	$0	$0	$0
BETTIE STINETTE	Director	12.00	Director	$0	$0	$0
MARY USSERY	Director	20.00	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	No data	No data	No data	No data
2024	$352,118	$315,896	$353,664	$36,222
2023	$242,914	$223,887	$314,973	$19,027
2022	$252,501	$248,745	$295,695	$3,756
2021	$294,248	$193,860	$292,843	$100,388
2020	$229,720	$192,411	$191,775	$37,309
2019	$331,562	$299,476	$160,213	$32,086
2018	$277,688	$267,326	$123,878	$10,362