MOORESVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lowes Employee Relief Fund Inc, founded in 1999, is a community nonprofit in the Public Safety sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $8.8M exceeded revenue, resulting in a 71% operating deficit.
The Organizations purpose is to provide relief for unforeseen financial hardships which are the result of disasters or emergencies encountered.
During the year ending September 30 2024 the organization helped 7,128 individuals overcome sudden unforeseen personal financial hardships. These unforeseen hardships include events such as medical...
During the year ending September 30 2024 the organization helped 7,128 individuals overcome sudden unforeseen personal financial hardships. These unforeseen hardships include events such as medical expenses funeral costs and expenses incurred due to encountering natural disasters such as floods tornados and earthquakes.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,139,854 | $5,827,846 | -0.1% |
| Expenses | $8,774,867 | $6,030,214 | +0.5% |
| Net Income | $-3,635,013 | $-202,368 | +17.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Charnetta Hendrix Jones | Director and President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kimberly Wells | Director and Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Green | Director and Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Grace Ridley | Director and Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Julie Yenicheck | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Ito | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,139,854 | $8,774,867 | $7,511,750 | $-3,635,013 |
| 2023 | $5,827,846 | $6,030,214 | $10,913,909 | $-202,368 |
| 2022 | $5,411,325 | $3,159,597 | $10,934,247 | $2,251,728 |
| 2021 | $5,760,822 | $4,396,070 | $8,682,519 | $1,364,752 |
| 2020 | $4,446,408 | $2,521,913 | $7,317,767 | $1,924,495 |
| 2019 | $4,485,448 | $3,176,768 | $5,391,772 | $1,308,680 |
| 2018 | $5,037,461 | $3,146,885 | $4,083,093 | $1,890,576 |
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