Helping Hand of Myrtle Beach Inc (EIN 570627993) - 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

1976

Legal Domicile

Phone

8434488451

Tax Period

2024-01-01 to 2024-12-31

Helping Hand of Myrtle Beach Inc, founded in 1976, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

To assist individuals and families with immediate, short-term needs such as food, rent, utilities, and other specialized services, which if not met, would threaten an individuals or familys stability.

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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 $1,133,944

Program Service Revenue $0

Investment Income $9,016

Other Revenue $84,456

TOTAL REVENUE $1,227,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,700

Fundraising Expenses $13,728

Program Expenses $1,225,526

Other Expenses $1,013,395

TOTAL EXPENSES $1,278,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,227,416	$935,235	+0.3%
Expenses	$1,278,095	$948,047	+0.3%
Net Income	$-50,679	$-12,812	+3.0%

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

Volunteers

100

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

$79,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tracy Gardner	Executive Director	40.00	Officer	$79,151	$0	$79,151
Dale Zeglin	Director	2.00	Director	$0	$0	$0
Julie Sisk	Director	2.00	Director	$0	$0	$0
Chris Feldman	Director	0.00	Director	$0	$0	$0
Freda Funnye	Director	2.00	Director	$0	$0	$0
Cary Rowell	Director	2.00	Director	$0	$0	$0
Ken Holloway	Director	2.00	Director	$0	$0	$0
Kim Davis	Chairman	10.00	Officer	$0	$0	$0
Kathy Hawley	Treasurer	10.00	Officer	$0	$0	$0
Paul Flood	Vice Chair	10.00	Officer	$0	$0	$0
David Mann	Secretary	5.00	Officer	$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	$1,227,416	$1,278,095	$502,977	$-50,679
2023	$935,235	$948,047	$547,635	$-12,812
2022	$784,758	$747,647	$569,016	$37,111
2021	$632,604	$669,214	$529,202	$-36,610
2020	$924,370	$772,074	$558,085	$152,296
2019	$330,135	$349,702	$342,408	$-19,567
2018	$1,155,485	$1,084,925	$199,815	$70,560

Helping Hand of Myrtle Beach Inc