SHELBY COUNTY OUTREACH MINISTRIES … - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

SHERRY HARDING

Phone

9365984990

Tax Period

2024-01-01 to 2024-12-31

SHELBY COUNTY OUTREACH MINISTRIES INC, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $732K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $862K exceeded revenue, resulting in a 18% operating deficit.

Mission

COMMUNITY ASSISTANCE FOR ELDERLY AND DISADVANTAGED

Program Service Accomplishments

Program 1

Expenses: $718,237 Revenue: $607,326

HELPING NEEDY AND ELDERLY IN THE COMMUNITY WITH PROGRAMS SUCH AS MEALS ON WHEELS, CLOTHING AND HOUSEHOLD ITEMS, SENIOR NUTRITUION SITE, ANGEL TREE TOYS AT CHRISTMAS, FOOD BOXES AND CLIENT MEDICAL...

HELPING NEEDY AND ELDERLY IN THE COMMUNITY WITH PROGRAMS SUCH AS MEALS ON WHEELS, CLOTHING AND HOUSEHOLD ITEMS, SENIOR NUTRITUION SITE, ANGEL TREE TOYS AT CHRISTMAS, FOOD BOXES AND CLIENT MEDICAL 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 $585,730

Program Service Revenue $94,528

Investment Income $0

Other Revenue $51,795

TOTAL REVENUE $732,053

Expense Breakdown

Grants Paid $357,130

Salaries & Benefits $306,464

Fundraising Expenses $11,982

Program Expenses $718,237

Other Expenses $198,472

TOTAL EXPENSES $862,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$732,053	$604,445	+0.2%
Expenses	$862,066	$804,301	+0.1%
Net Income	$-130,013	$-199,856	-0.3%

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

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

$54,165

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY CRUSE	PRESIDENT	1.00	Director	$0	$0	$0
ANN BLACKWELL	TREASURER	1.00	Director	$0	$0	$0
AMY CLOUSE	SECRETARY	1.00	Director	$0	$0	$0
SHERRY HARDING	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$54,165
ALAN RICKETSON	MEMBER	1.00	Director	$0	$0	$0
DONALD MONROE	MEMBER	1.00	Director	$0	$0	$0
JAMES RAGAN	MEMBER	1.00	Director	$0	$0	$0
ROY BLACKSHEAR	MEMBER	1.00	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	$732,053	$862,066	$611,992	$-130,013
2023	$604,445	$804,301	$741,694	$-199,856
2022	$1,071,865	$736,733	$941,444	$335,132
2021	$628,125	$539,523	$606,579	$88,602
2020	$667,925	$540,710	$517,440	$127,215
2019	$327,118	$299,263	$389,906	$27,855
2018	$325,076	$320,770	$362,116	$4,306

SHELBY COUNTY OUTREACH MINISTRIES INC