BEACON 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

2002

Legal Domicile

Principal Officer

FORREST GILMORE

Phone

8123345728

Tax Period

2023-01-01 to 2023-12-31

BEACON INC, founded in 2002, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

BEACON, INC, (BEACON) IS A SOLUTIONS-DRIVEN, ANTI-POVERTY NONPROFIT, DEDICATED TO AIDING AND EMPOWERING PEOPLE EXPERIENCING EXTREME POVERTY, ESPECIALLY HUNGER AND HOMELESSNESS. BASED IN BLOOMINGTON, IN, BEACON PROVIDES SIX CORE PROGRAMS; SHALOM CENTER, FRIEND'S PLACE, PHIL'S KITCHEN, CRAWFORD HOMES, RAPID REHOUSING, AND STREET OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $2,467,373 Revenue: $40,702

SHALOM CENTER: THE SHALOM CENTER IS BEACON'S DAY SHELTER AND OUR MAIN LOCATION, WHERE PHIL'S KITCHEN, RAPID-RE-HOUSING, AND STREET OUTREACH ALL WORK FROM. OPEN EVERY WEEKDAY FROM 8AM TO 4PM, SHALOM PROVIDES LIFE ESSENTIALS TO HELP PEOPLE STABILIZE IN TIMES OF NEED, INCLUDING: DAY SHELTER, BREAKFAST AND LUNCH (53,437 MEALS SERVED), EMERGENCY GROCERIES, RESTROOMS, SHOWERS (5,174), LAUNDRY (192 LOADS), STORAGE, TELEPHONES, A MAILING ADDRESS, BUS TICKETS (6,186), PRESCRIPTION ASSISTANCE (25 PEOPLE), RENT AND UTILITY ASSISTANCE (108 HOUSEHOLDS), IDENTIFICATION (89), AND ACCESS TO HOUSING RESOURCES. SHALOM CENTER ALSO PROVIDED COUNSELING SESSIONS (1,531), ASSISTED PEOPLE WITHOUT HOMES, AND REUNITED HOMELESS PEOPLE WITH OUT-OF-TOWN FAMILIES (31). FRIEND'S PLACE: BEACON PROVIDES OVERNIGHT SHELTER TO PEOPLE EXPERIENCING HOMELESSNESS. FRIEND'S PLACE IS THE ONLY YEAR-ROUND, NONRELIGIOUS SHELTER FOR ADULTS (AGE 18+) IN OUR REGION. FRIEND'S PLACE PROVIDES SAFE AND SOBER BEDS FOR MEN, WOMEN, AND GENDER NONBINARY PEOPLE. THE SHELTER OPENS DAILY AT 5:15PM. GUESTS MUST NOT BE UNDER THE INFLUENCE OF ALCOHOL OR ILLEGAL DRUGS, AND MONROE COUNTY RESIDENTS ARE GIVEN PRIORITY. FRIEND'S PLACE SHELTERED 231 PEOPLE (34.15% OF WHOM MOVED INTO PERMANENT HOUSING) FOR 14,523 BED-NIGHTS.CRAWFORD HOMES AND RAPID RE-HOUSING: AS A HOUSING FIRST ORGANIZATION, BEACON PRIORITIZES HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. BEACON PROVIDES PERMANENT SUPPORTIVE HOUSING (CRAWFORD HOMES) FOR PEOPLE EXPERIENCING LONG-TERM HOMELESSNESS DUE TO DISABILITIES. CRAWFORD HOMES PROVIDED HOMES FOR 131 FORMERLY HOMELESS PEOPLE WITH DISABILITIES. RAPID REHOUSING FOR PEOPLE EXPERIENCING SHORT-TERM HOMELESSNESS WHO NEED LESS INTENSIVE SUPPORTS. RAPID RE-HOUSING HOUSED 105 PEOPLE WITHOUT SHELTER.

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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 $2,881,342

Program Service Revenue $40,702

Investment Income $869

Other Revenue $13,887

TOTAL REVENUE $2,936,800

Expense Breakdown

Grants Paid $1,328,135

Salaries & Benefits $1,116,776

Fundraising Expenses $277,624

Program Expenses $2,467,373

Other Expenses $511,226

TOTAL EXPENSES $2,956,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,936,800	$2,762,867	+0.1%
Expenses	$2,956,137	$2,704,647	+0.1%
Net Income	$-19,337	$58,220	-1.3%

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

258

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

$80,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA HOFFMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
CAROL WATSON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA PETTIT	TREASURER	5.00	Officer Director	$0	$0	$0
MELANIE VEHSLAGE	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHELLE BLOOM	DIRECTOR	2.00	Director	$0	$0	$0
JEAN CAPLER	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE COLE	DIRECTOR	2.00	Director	$0	$0	$0
VERA FLOCKE	DIRECTOR	2.00	Director	$0	$0	$0
LAURA LITTLEPAGE	DIRECTOR	2.00	Director	$0	$0	$0
VON WELCH	DIRECTOR	2.00	Director	$0	$0	$0
FORREST GILMORE	EXECUTIVE DIRECTOR	45.00	Officer	$73,265	$7,557	$80,822

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	$2,936,800	$2,956,137	$1,212,489	$-19,337
2022	$2,762,867	$2,704,647	$1,206,986	$58,220
2021	$4,444,420	$3,902,423	$1,150,566	$541,997
2020	$2,842,739	$3,258,946	$853,702	$-416,207