GLEANERS INC (EIN 640728104) - 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

1986

Legal Domicile

Principal Officer

MICHAEL WILLIAMS

Phone

6019564740

Tax Period

2024-01-01 to 2024-12-31

GLEANERS INC, founded in 1986, is a small nonprofit in the Human Services sector that reported $124K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $176K exceeded revenue, resulting in a 42% operating deficit.

Mission

PROVIDE FREE FOOD TO NON-PROFIT SHELTERS & CHARITIES.

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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 $121,941

Program Service Revenue $0

Investment Income $1,903

Other Revenue $0

TOTAL REVENUE $123,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,950

Other Expenses $175,960

TOTAL EXPENSES $175,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,844	$109,229	+0.1%
Expenses	$175,960	$112,398	+0.6%
Net Income	$-52,116	$-3,169	+15.4%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES PARROTT	DIRECTOR	5.00	Director	$0	$0	$0
TOMMY TURK	DIRECTOR	5.00	Director	$0	$0	$0
RITA MARTINSON	DIRECTOR	5.00	Director	$0	$0	$0
GREG CHINCHAR	DIRECTOR	5.00	Director	$0	$0	$0
PAT WALDEN	DIRECTOR	5.00	Director	$0	$0	$0
CHARLOTTE SCOTT	DIRECTOR	5.00	Director	$0	$0	$0
ALAN CARTER	DIRECTOR	5.00	Director	$0	$0	$0
DEBI PEARSALL	DIRECTOR	5.00	Director	$0	$0	$0
BILL PRICE	DIRECTOR	5.00	Director	$0	$0	$0
JILL BUCKLEY	DIRECTOR	5.00	Director	$0	$0	$0
STACY WILLIAMS	AUXILLARY	5.00	Director	$0	$0	$0
MICHAEL WILLIAMS	CEO	5.00	Officer	$0	$0	$0
NANCY WILLIS	TREASURER	20.00	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	$123,844	$175,960	$1,044,922	$-52,116
2023	$109,229	$112,398	$1,096,697	$-3,169
2022	$130,693	$123,741	$1,099,866	$6,952
2021	$153,964	$107,387	$1,092,914	$46,577
2020	$55,301	$93,856	$1,046,337	$-38,555
2019	$50,956	$108,354	$1,084,892	$-57,398
2018	$159,716	$106,538	$1,142,290	$53,178

GLEANERS INC