HENDERSON SETTLEMENT 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

1973

Legal Domicile

Principal Officer

JOHN NEWMAN

Tax Period

2023-01-01 to 2023-12-31

HENDERSON SETTLEMENT INC, founded in 1973, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

TO CREATE OPPORTUNITIES FOR BETTER LIVES THROUGH CHRIST-CENTERED SERVICE.

Program Service Accomplishments

Program 1

Expenses: $643,528 Revenue: $153,856

MINISTRY INCLUDES A THRIFT STORE AND A CRAFT STORE OPEN TO THE COMMUNITY, AS WELL AS A WORKING CATTLE FARM, SEVERAL GREENHOUSES, AND FACILITIES MAINTENANCE AND REPAIR. THE CRAFT STORE SELLS THE...

MINISTRY INCLUDES A THRIFT STORE AND A CRAFT STORE OPEN TO THE COMMUNITY, AS WELL AS A WORKING CATTLE FARM, SEVERAL GREENHOUSES, AND FACILITIES MAINTENANCE AND REPAIR. THE CRAFT STORE SELLS THE PRODUCTIONS OF LOCAL ARTISANS ADN SOME LOGO ITEMS FOR THE ORGANIZATION, SUCH AS SHIRTS AND HATS. THE THRIFT STORE SELLS MAINLY CLOTHING AND HOUSEHOLD ITEMS DONATED TO SELL TO THE LOCAL COMMUNITY AND VISITORS TO THE AREA. THE CATTLE FARM RAISES BEEF CATTLE TO SELL. THE GREENHOUSES PRODUCE FLOWERS AND VEGETABLES TO SELL TO THE LOCAL COMMUNITY AND TO USE IN OUR VARIOUS MINISTRIES. THE FACILITIES MAINTENANCE AND REPAIR MINISTRY MAINTAINS OUR BUILDINGS AND EQUIPMENT FOR USE IN OUR VARIOUS MINISTRIES.

Program 2

Expenses: $428,033 Revenue: $495,997

TO PROVIDE HOME REPAIR AND CONSTRUCTION TO FAMILIES IN A VERY POOR AREA OF SOUTHEASTERN KENTUCKY AND NORTHEASTERN TENNESSEE, USING VOLUNTEER LABOR AND FUNDS FROM AROUND THE COUNTRY.

Program 3

Expenses: $244,155

COMMUNITY DEVELOPMENT IN THE FORM OF PROVIDING BASIC HUMAN NEEDS, SUCH AS FOOD, CLOTHING, RENT AND UTILITY ASSISTANCE, EDUCATIONAL SCHOLARSHIPS, MEDICAL EXPENSE ASSISTANCE, A LIFE SKILLS CLASS...

COMMUNITY DEVELOPMENT IN THE FORM OF PROVIDING BASIC HUMAN NEEDS, SUCH AS FOOD, CLOTHING, RENT AND UTILITY ASSISTANCE, EDUCATIONAL SCHOLARSHIPS, MEDICAL EXPENSE ASSISTANCE, A LIFE SKILLS CLASS, WOMENS SUPPORT GROUPS, AND TRANSPORTATION TO MEDICAL APPOINTMENTS IN A VERY POOR AREA OF APPALACHIA. A FEW OF OUR MINISTRIES INCLUDE A YOUTH PROGRAM WITH YOUTH SPORTS TEAM, TUTORING, AFTER-SCHOOL PROGRAMS, PROVISION OF SCHOOL SUPPLIES AND AN ANNUAL CHRISTMAS PARTY AND TOY SALE FOR COMMUNITY CHILDREN; A SENIOR CENTER THAT MEETS THREE DAYS A WEEK AND PROVIDES HOT MEALS, COMMODITIIES AND FELLOWSHIP TO SENIOR CITIZENS, AS WELL AS MEAL DELIVERIES WHEN NEEDED; A COMMUNITY FOOD PANTRY; A MATERNAL INFANT HEALTH OUTREACH WORKER PROGRAM AND BABY PANTRY; AND A COMMUNITY LIBRARY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $865,473

Program Service Revenue $713,260

Investment Income $44,139

Other Revenue $26,820

TOTAL REVENUE $1,649,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $753,438

Fundraising Expenses $0

Program Expenses $1,525,633

Other Expenses $988,738

TOTAL EXPENSES $1,742,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,649,692	$1,964,873	-0.2%
Expenses	$1,742,176	$1,754,710	0.0%
Net Income	$-92,484	$210,163	-1.4%

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

1000

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

$91,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NEWMAN	EXECUTIVE DIRECTOR	40.00	Officer Highest	$60,000	$0	$60,000
AMANDA GAYLOR	DIRECTOR OF ACCOUNTING	0.00	Officer	$31,552	$0	$31,552
JUDY WILSON	AMBASSADOR	0.00	Officer	$0	$0	$0
SHELIA AUSMUS	AMBASSADOR	0.00	Officer	$0	$0	$0
FRANKIE BLACKBURN	AMBASSADOR	0.00	Officer	$0	$0	$0
KAREN STIGALL	CAMC SUPERINTENDENT	0.00	Officer	$0	$0	$0
CHARLOTTE PARTIN	AMBASSADOR	0.00	Officer	$0	$0	$0
KATHIE HARRIS	EX-OFFICIO UNITED WOMEN IN FA	0.00	Officer	$0	$0	$0
JIM KNIGHT	AMBASSADOR	0.00	Officer	$0	$0	$0
LINDA MILLER	TREASURERSECRETARY	0.00	Officer	$0	$0	$0
ERIC BRADLEY	VICE PRESIDENT	0.00	Officer	$0	$0	$0
DAVE PAGURA	PRESIDENT	0.00	Officer	$0	$0	$0
DAVID ZEIBART	AMBASSADOR	0.00	Officer	$0	$0	$0
MEG REIS	AMBASSADOR	0.00	Officer	$0	$0	$0
DAVID DENNIS	AMBASSADOR	0.00	Officer	$0	$0	$0
DANIEL TEBBE	AMBASSADOR	0.00	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	No data	No data	No data	No data
2023	$1,649,692	$1,742,176	$3,016,283	$-92,484
2022	$1,964,873	$1,754,710	$3,031,524	$210,163
2021	$1,878,438	$1,484,851	$2,994,118	$393,587
2020	$1,554,075	$1,157,857	$2,492,289	$396,218
2019	$1,690,674	$1,786,828	$2,094,962	$-96,154
2018	$1,905,238	$1,920,963	$2,108,024	$-15,725