MIDLAND SOUP KITCHEN MINISTRY (EIN 752360667) - 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

2012

Legal Domicile

Principal Officer

NANCY IVY

Phone

4326867687

Tax Period

2023-01-01 to 2023-12-31

MIDLAND SOUP KITCHEN MINISTRY, founded in 2012, is a small nonprofit in the Religion sector that reported $309K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $383K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE FOOD, CLOTHING, AND SPECIFIC ASSITANCE TO NEEDY INDIVIDUALS A FREE HOT MEAL IS SERVED 5 DAYS A WEEK TO APPROXIMATELY 150-300 PEOPLE A DAY.

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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 $308,530

Program Service Revenue $0

Investment Income $211

Other Revenue $0

TOTAL REVENUE $308,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,557

Fundraising Expenses $0

Other Expenses $246,722

TOTAL EXPENSES $383,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,741	$455,710	-0.3%
Expenses	$383,279	$417,473	-0.1%
Net Income	$-74,538	$38,237	-2.9%

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

$126,422

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON IVY	PRESIDENT	20.00	Director	$95,160	$0	$95,160
JAY IVY	BOARD MEMBER	20.00	Director	$31,262	$0	$31,262
MARK BLAND	BOARD MEMBER	20.00	Director	$0	$0	$0
NANCY IVY	TREASURER	20.00	Director	$0	$0	$0
DEBBIE SHARP	SECRETARY	20.00	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	No data	No data	No data	No data
2023	$308,741	$383,279	$327,588	$-74,538
2022	$455,710	$417,473	$334,578	$38,237
2021	$385,202	$384,479	$301,519	$723
2020	$420,291	$322,234	$302,924	$98,057
2019	$225,096	$228,348	$198,096	$-3,252

MIDLAND SOUP KITCHEN MINISTRY