GOLDEN CORNER FOOD PANTRY (EIN 570796686) - 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

1983

Legal Domicile

Principal Officer

MICHAEL HARLIN

Phone

8648823610

Tax Period

2024-01-01 to 2024-12-31

GOLDEN CORNER FOOD PANTRY, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EMERGENCY AND SUPPLEMENTAL FOOD TO DISADVANTAGED AND LOW INCOME RESIDENTS OF OCONEE COUNTY, SOUTH CAROLINA.

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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 $1,615,941

Program Service Revenue $0

Investment Income $41,398

Other Revenue $832

TOTAL REVENUE $1,658,171

Expense Breakdown

Grants Paid $1,431,649

Salaries & Benefits $76,184

Fundraising Expenses $6,882

Program Expenses $1,641,741

Other Expenses $171,797

TOTAL EXPENSES $1,679,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,658,171	$1,460,015	+0.1%
Expenses	$1,679,630	$1,313,486	+0.3%
Net Income	$-21,459	$146,529	-1.1%

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

$61,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF D HEATON	EXECUTIVE DIRECTOR	40.00	Officer	$61,000	$0	$61,000
RAY PETERS	DIRECTOR	2.00	Director	$0	$0	$0
JANE HARLIN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER J SAVAGE	DIRECTOR	5.00	Director	$0	$0	$0
JULIANA BRYDON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HARLIN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MICHAEL MANNING	TREASURER	2.00	Officer Director	$0	$0	$0
RONALD KAUFMAN	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
ANNA MARIE DUNN	SECRETARY	5.00	Officer 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	No data	No data	No data	No data
2024	$1,658,171	$1,679,630	$1,655,362	$-21,459
2023	$1,460,015	$1,313,486	$1,664,359	$146,529
2022	$1,314,001	$1,163,719	$1,506,956	$150,282
2021	$750,038	$570,042	$1,335,928	$179,996
2020	$992,660	$669,450	$1,160,670	$323,210
2019	$620,641	$612,960	$834,742	$7,681
2018	$595,636	$587,585	$830,268	$8,051

GOLDEN CORNER FOOD PANTRY