Neighbors Together 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

1985

Legal Domicile

Principal Officer

Jim Haggerty

Phone

8437471788

Tax Period

2024-01-01 to 2024-12-31

Neighbors Together Inc, founded in 1985, is a small nonprofit in the Human Services sector that reported $811K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $903K exceeded revenue, resulting in a 11% operating deficit.

Mission

We are committed to bringing a better quality of life to our neighbors through sharing resources, developing relationships and building a sustainable future

Program Service Accomplishments

Program 1

Expenses: $708,403

One area of focus for Neighbors Together is Hunger. The organization provides a hot meal service Monday through Thursday for those in need. Meals are served to neighbors in need each year...

One area of focus for Neighbors Together is Hunger. The organization provides a hot meal service Monday through Thursday for those in need. Meals are served to neighbors in need each year. Additionally, emergency groceries are provided to community members once a week.Homelessness Neighbors Together works to connect neighbors to housing resources and help make ends meet through programs that provide rental and utility assistance. We also work with partner agencies to find affordable housing options within the community.Health and Wellness The Health and Wellness program helps those who cant afford medical treatment through assistance with prescriptions, eyeglasses, and dentures. The organization also partners with other agencies and clinics to provide medical care for the community. For example, through several different partnerships we currently offer the following: Covid vaccine clinics, flu shot clinic, and preventive screening clinics.Economic Mobility Neighbors Together is developing partnerships to achieve our strategic initiative to equip people with the tools necessary to improve their financial situation. Our plan is to help individuals wherever they are on the journey to employment, from GED to job skills to business coaching.

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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 $806,680

Program Service Revenue $0

Investment Income $22,932

Other Revenue $-18,815

TOTAL REVENUE $810,797

Expense Breakdown

Grants Paid $140,910

Salaries & Benefits $359,420

Fundraising Expenses $102,080

Program Expenses $708,403

Other Expenses $403,161

TOTAL EXPENSES $903,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$810,797	$1,417,536	-0.4%
Expenses	$903,491	$1,752,392	-0.5%
Net Income	$-92,694	$-334,856	-0.7%

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

250

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

$99,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Haggerty	Chair	2.00	Officer Director	$0	$0	$0
Ashley Batson	Vice Chair	1.00	Officer Director	$0	$0	$0
Eric Selle	Treasurer	2.00	Officer Director	$0	$0	$0
Mickey Bakst	Board Member	1.00	Director	$0	$0	$0
Robert Fetch	Board Member	1.00	Director	$0	$0	$0
Erin Fisher	Board Member	1.00	Director	$0	$0	$0
Carolyn Murray	Board Member	1.00	Director	$0	$0	$0
Jessica Perkal	Board Member	1.00	Director	$0	$0	$0
Jerry Scheer	Board Member	1.00	Director	$0	$0	$0
Philicia Baugh - term ended	Board Member	1.00	Director	$0	$0	$0
Tony Boor - term ended	Board Member	1.00	Director	$0	$0	$0
Suzanne Young	Executive Director	40.00	Officer	$99,999	$0	$99,999

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	$810,797	$903,491	$4,029,282	$-92,694
2023	$1,417,536	$1,752,392	$4,131,287	$-334,856
2022	$2,058,295	$2,532,445	$4,500,892	$-474,150
2021	$2,941,676	$1,310,485	$2,791,038	$1,631,191
2020	$1,259,127	$937,020	$1,148,570	$322,107
2019	$2,344,966	$2,318,352	$829,427	$26,614
2018	$2,525,029	$2,545,069	$816,493	$-20,040