SHORE GOURMET INC (EIN 562584303) - 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

2006

Legal Domicile

Principal Officer

KURT FUCHS

Phone

4107704798

Tax Period

2024-07-01 to 2025-06-30

SHORE GOURMET INC, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $80K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROMOTE AND SUSTAIN THE FOOD AND AGRICULTURAL VALUE-ADDED BUSINESSES LOCATED ON MARYLAND'S EASTERN SHORE BY PROVIDING FOCUSED ASSISTANCE TO START, GROW AND DIVERSIFY REGIONAL VALUE-ADDED PRODUCTS.

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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 $80,000

Program Service Revenue $0

Investment Income $0

Other Revenue $5

TOTAL REVENUE $80,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,000

TOTAL EXPENSES $125,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,005	$210,000	-0.6%
Expenses	$125,000	$165,015	-0.2%
Net Income	$-44,995	$44,985	-2.0%

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

N/A

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
KURT FUCHS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES REDMAN	VICE PRESIDE	N/A	Director	$0	$0	$0
SHANNON DILL	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN SPICHER	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT HUTCHISON	DIRECTOR	1.00	Director	$0	$0	$0
DAN RIDER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WARNER	DIRECTOR	1.00	Director	$0	$0	$0
WALTER CHASE	DIRECTOR	N/A	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	$80,005	$125,000	$500	$-44,995
2024	$210,000	$165,015	$45,495	$44,985

SHORE GOURMET INC