HELP OFFICE OF OWENSBORO 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

1972

Legal Domicile

Principal Officer

ANGELA SETTLES

Phone

2706854971

Tax Period

2024-01-01 to 2024-12-31

HELP OFFICE OF OWENSBORO INC, founded in 1972, is a small nonprofit that reported $428K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $382K left a modest 11% surplus.

Mission

MINISTRY SERVING PERSONS WITH BASIC NECESSITIES OF LIFE, INCLUDING FOOD, CLOTHING, AND EMERGENCY ASSISTANCE WITH RENT AND UTILITIES TO KEEP INDIVIDUALS AND FAMILIES FROM BECOMING HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $229,866 Revenue: $0

PROVIDE SPECEFIC FINANCIAL ASSISTANCE TO THE POOR. THIS IS DONE WITH THE HELP OF VOLUNTEERS. PROVIDED DONATED FOOD, RENT AND UTILITY ASSISTANCE.

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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 $409,567

Program Service Revenue $0

Investment Income $18,165

Other Revenue $0

TOTAL REVENUE $427,732

Expense Breakdown

Grants Paid $229,866

Salaries & Benefits $67,262

Fundraising Expenses $0

Program Expenses $229,866

Other Expenses $85,275

TOTAL EXPENSES $382,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,732	$534,418	-0.2%
Expenses	$382,403	$333,714	+0.1%
Net Income	$45,329	$200,704	-0.8%

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

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

$30,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA SETTLE	EXECUTIVE DIRECTOR	24.00	Director Highest	$30,580	$0	$30,580
SYDNEY SETTLE	CHAIRMAN	0.00	Director	$0	$0	$0
REID HAIRE	MEMBER	0.00	Director	$0	$0	$0
KAREN HAVENER	MEMBER	0.00	Director	$0	$0	$0
JACOB BURTON	MEMBER	0.00	Director	$0	$0	$0
SHEILA MILLER	MEMBER	0.00	Director	$0	$0	$0
PAMELA-SMITH WRIGHT	MEMBER	0.00	Director	$0	$0	$0
AARON PAYNE	MEMBER	0.00	Director	$0	$0	$0
KELLY ARMOUR	MEMBER	0.00	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	$427,732	$382,403	$980,195	$45,329
2023	$534,418	$333,714	$934,905	$200,704
2022	$370,228	$299,770	$734,250	$70,458
2021	$358,173	$294,233	$662,698	$63,940
2020	$469,490	$441,500	$586,083	$27,990
2019	$241,441	$237,225	$566,313	$4,216
2018	$230,058	$214,721	$561,484	$15,337