Lowes Employee Relief Fund Inc (EIN 562160955) - 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

1999

Legal Domicile

Principal Officer

David R Green

Phone

7048800058

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

The Organizations purpose is to provide relief for unforeseen financial hardships which are the result of disasters or emergencies encountered.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,833,054

Program Service Revenue $0

Investment Income $581,687

Other Revenue $-274,887

TOTAL REVENUE $5,139,854

Expense Breakdown

Grants Paid $8,745,450

Salaries & Benefits $0

Fundraising Expenses $18,031

Program Expenses $8,756,604

Other Expenses $29,417

TOTAL EXPENSES $8,774,867

Year-over-Year Comparison

	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%

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

N/A

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

Key Employees

Highest Compensated

reported

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

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	$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

Lowes Employee Relief Fund Inc