Interfaith Assistance Ministry 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

1984

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $4,865,485 Revenue: $3,742,571

IAM provided 89,448 crisis service touches to neighbors in need in 2024. Our Food Assistance Department provided nutritious food that fed 15,367 unduplicated children and adults. Our Mobile Pantry...

IAM provided 89,448 crisis service touches to neighbors in need in 2024. Our Food Assistance Department provided nutritious food that fed 15,367 unduplicated children and adults. Our Mobile Pantry made 50 trips into the community and served 3,421 households. IAM began participation in the Healthy Opportunities Pilot program that provided 21,753 Healthy Food Boxes, 10,937 Fruit and Vegetable Prescriptions and 21,753 Healthy Meals to program participants in Henderson, Transylvania, Polk and Rutherford counties. IAM provided financial assistance, working directly with utilities and landlords, that helped 586 families avoid disconnections and provided 358 households with rent or mortgage assistance and provided 416 gasloine voucher and bus tickets. The Clothing Assistance Department served 9,517 individuals providing clothing, jackets, shoes and linens to neighbors in need. IAM provided personal care assistance providing packages of diapers to 2,399 households, personal care items 3,505 households, feminine hygiene packages to 1,496 households and pet food to 3,505 households.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$241,451

Total Directors

Key Employees

Highest Compensated

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