Interfaith Assistance Ministry Inc

EIN: 581556963 501(c)(3) Human Services

Hendersonville, NC

Total Revenue
$8,729,071
Total Expenses
$5,339,955
Total Assets
$9,720,442
Net Assets
$9,094,474
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
Elizbeth Moss
Phone
8286977029
Tax Period
2024-01-01 to 2024-12-31

Interfaith Assistance Ministry Inc, founded in 1984, is a community nonprofit in the Human Services sector that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 39% operating margin.

Mission

To assist members of our community experiencing crisis with basic needs, in an atmosphere of compassion and respect.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,940,453
Program Service Revenue $3,742,571
Investment Income $69,888
Other Revenue $-23,841
TOTAL REVENUE $8,729,071

Expense Breakdown

Grants Paid $1,680,519
Salaries & Benefits $1,527,650
Fundraising Expenses $163,100
Program Expenses $4,865,485
Other Expenses $2,131,786
TOTAL EXPENSES $5,339,955

Year-over-Year Comparison

2024 2023 Change
Revenue $8,729,071 $4,536,470 +0.9%
Expenses $5,339,955 $3,925,942 +0.4%
Net Income $3,389,116 $610,528 +4.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
50
Volunteers
549

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
6
$241,451
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Moss Executive Director 40.00
Officer
$124,659 $7,022 $131,681
Patrick Nolan CFO 40.00
Officer
$99,153 $10,617 $109,770
Linda Showalter President 1.80
Officer Director
$0 $0 $0
Paige Posey Vice President 4.30
Officer Director
$0 $0 $0
Rhona Reagen Secretary 0.50
Officer Director
$0 $0 $0
Terry Andersen Treasurer 1.10
Officer Director
$0 $0 $0
Sharon Tirrell Immediate Past President 5.88
Director
$0 $0 $0
Tony Amatangelo Board Member 0.14
Director
$0 $0 $0
Kaye Brownlee Board Member 0.17
Director
$0 $0 $0
Trey Ford Board Member 0.13
Director
$0 $0 $0
Jose Ibarra Board Member 0.17
Director
$0 $0 $0
Rev Christina Auch Board Member 0.62
Director
$0 $0 $0
Christa Willey Mason Board Member 0.77
Director
$0 $0 $0
Noelle McKay Board Member 0.49
Director
$0 $0 $0
Sissy Rogers Board Member 0.46
Director
$0 $0 $0
John Shiery Jr Board Member 1.30
Director
$0 $0 $0
Ella Stenstrom Board Member 0.22
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 $8,729,071 $5,339,955 $9,720,442 $3,389,116
2023 $4,536,470 $3,925,942 $6,213,671 $610,528
2022 $3,866,568 $3,463,245 $5,574,672 $403,323
2021 $2,860,022 $2,391,194 $5,259,274 $468,828
2020 $2,255,886 $2,045,000 $4,416,396 $210,886
2019 $1,774,035 $1,789,906 $4,145,018 $-15,871
2018 $1,249,591 $1,160,086 $4,079,437 $89,505
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