THE SHED INC

EIN: 753121042 501(c)(3) Mental Health

WETUMPKA, AL

Total Revenue
$165,106
Total Expenses
$132,909
Total Assets
$434,511
Net Assets
$427,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AL
Principal Officer
ED BICE
Phone
3347993689
Tax Period
2023-01-01 to 2023-12-31

THE SHED INC, founded in 2004, is a small nonprofit in the Mental Health sector that reported $165K in total revenue in fiscal year 2023. The organization ran a surplus of $32K, a strong 20% operating margin.

Mission

TO PROVIDE SHELTER, FOOD, COUNSELING, SUPPORT AND JOB ASSISTANCE FOR MEN WHILE THEY ARE OVERCOMING THEIR ADDICTION.

Program Service Accomplishments

Program 1
Expenses: $128,391 Revenue: $44,073

MORE THAN 12 MEN WERE GIVEN SHELTER, FOOD, COUNSELING, SUPPORT AND JOB ASSISTANCE DURING THE YEAR AS THEY WERE OVERCOMING THEIR ADDICTION.

Program 2
Expenses: $2,559

ASSISTANCE WAS GIVEN TO THOSE OVERCOMING ADDICTIONS WHEN A NEED AROSE. INDIVIDUALS WERE HELPED WITH CAR REPAIRS, MEDICAL EXPENSES AND OTHER LIVING EXPENSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $121,033
Program Service Revenue $44,073
Investment Income $0
Other Revenue $0
TOTAL REVENUE $165,106

Expense Breakdown

Grants Paid $4,613
Salaries & Benefits $25,976
Fundraising Expenses $0
Program Expenses $130,950
Other Expenses $102,320
TOTAL EXPENSES $132,909

Year-over-Year Comparison

2023 2022 Change
Revenue $165,106 $164,819 +0.0%
Expenses $132,909 $123,290 +0.1%
Net Income $32,197 $41,529 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
5
Employees
1
Volunteers
N/A

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
6
$24,130
Total Directors
8
$24,130
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED BICE PRESIDENT 40.00
Officer Director
$24,130 $0 $24,130
BARBARA BICE FIRST VICE P 2.00
Officer Director
$0 $0 $0
JADE BICE THIRD VICE P 2.00
Officer Director
$0 $0 $0
REGINA EDWARDS SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN ALLEN GUNN SECOND VICE 2.00
Officer Director
$0 $0 $0
WES GUNN DIRECTOR 2.00
Director
$0 $0 $0
LILLIAN MARTIN TREASURER 2.00
Officer Director
$0 $0 $0
AL MILLERGREN DIRECTOR 2.00
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 $165,106 $132,909 $434,511 $32,197
2022 $164,819 $123,290 $400,834 $41,529
2021 $129,608 $137,942 $359,236 $-8,334
2020 $130,392 $117,659 $366,763 $12,733
2019 $116,155 $104,309 $352,487 $11,846
2018 $130,931 $105,797 $341,193 $25,134
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