HALIFAX URBAN MINISTRIES INC (EIN 592093922) - 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

1981

Legal Domicile

Principal Officer

ROY F YOUNG II

Phone

3862520156

Tax Period

2024-01-01 to 2024-12-31

HALIFAX URBAN MINISTRIES INC, founded in 1981, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

HALIFAX URBAN MINISTRIES PROVIDES ASSISTANCE WITH RENT, UTILITIES, CLOTHING, MEDICAL AND FOOD FOR NEEDY FAMILIES; AND MEALS AND SHELTER FOR THE HOMELESS.

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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 $3,811,483

Program Service Revenue $67,672

Investment Income $65,629

Other Revenue $541,160

TOTAL REVENUE $4,485,944

Expense Breakdown

Grants Paid $1,748,985

Salaries & Benefits $1,699,328

Fundraising Expenses $195,538

Program Expenses $4,229,223

Other Expenses $1,087,131

TOTAL EXPENSES $4,535,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,485,944	$5,492,679	-0.2%
Expenses	$4,535,444	$4,147,403	+0.1%
Net Income	$-49,500	$1,345,276	-1.0%

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

2800

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE ARHLER-RAY	DIRECTOR	4.00	Director	$0	$0	$0
NORRIS BREWER	DIRECTOR	4.00	Director	$0	$0	$0
JERRY CUTLER	DIRECTOR	4.00	Director	$0	$0	$0
DONNA DOOLEY	DIRECTOR	4.00	Director	$0	$0	$0
DOMINIQUE DUBOIS	DIRECTOR	4.00	Director	$0	$0	$0
AL FALCO	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTY GILLIS	DIRECTOR	4.00	Director	$0	$0	$0
DIONNE HAMMOND	EMERITUS	4.00	Director	$0	$0	$0
TED SERBOUSEK	DIRECTOR	4.00	Director	$0	$0	$0
SCOTT SMITH	DIRECTOR	4.00	Director	$0	$0	$0
BILL TURNER	EMERITUS	4.00	Director	$0	$0	$0
GARY WANDELT	DIRECTOR	4.00	Director	$0	$0	$0
SAM WILLETT	TREASURER	4.00	Director	$0	$0	$0
BOB WILLIAMS	DIRECTOR	4.00	Director	$0	$0	$0
CLINT BAGWELL	SECRETARY	4.00	Officer	$0	$0	$0
JUDY BAREFIELD	VICE CHAIR	4.00	Officer	$0	$0	$0
ANNE EVANS	CHAIR	4.00	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	$4,485,944	$4,535,444	$8,755,163	$-49,500
2023	$5,492,679	$4,147,403	$9,126,495	$1,345,276
2022	$4,206,036	$3,665,793	$7,558,740	$540,243
2021	$3,506,231	$3,370,125	$7,039,273	$136,106
2020	$4,639,608	$4,547,023	$6,759,680	$92,585
2019	$2,465,488	$2,813,197	$6,641,400	$-347,709
2018	$4,495,924	$2,857,627	$6,896,511	$1,638,297

HALIFAX URBAN MINISTRIES INC