Belfast Soup Kitchen (EIN 800617201) - 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

2010

Legal Domicile

Principal Officer

Sharon Goguen

Phone

2073384845

Tax Period

2023-01-01 to 2023-12-31

Belfast Soup Kitchen, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $729K in total revenue in fiscal year 2023.

Mission

To provide a safe community where guests can find food, comfort and hope for the future in an atmosphere of dignity and respect.

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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 $714,801

Program Service Revenue $0

Investment Income $13,054

Other Revenue $1,585

TOTAL REVENUE $729,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,929

Fundraising Expenses $28,587

Program Expenses $712,412

Other Expenses $584,067

TOTAL EXPENSES $775,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$729,440	$692,367	+0.1%
Expenses	$775,996	$660,415	+0.2%
Net Income	$-46,556	$31,952	-2.5%

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

203

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
Mary Brand	Director	1.00	Director	$0	$0	$0
Paul Gibbons	Director	1.00	Director	$0	$0	$0
Sue Dupler	Director	1.00	Director	$0	$0	$0
Michelle Curtis	Treasurer	1.00	Officer Director	$0	$0	$0
Helen Kosmo	Secretary	1.00	Officer Director	$0	$0	$0
Sharon Goguen	Chairman	1.00	Officer Director	$0	$0	$0
Caleb Elwell	Director	1.00	Director	$0	$0	$0
Randy Fox	Vice Chairman	1.00	Officer Director	$0	$0	$0
Jim Greeley	Director	1.00	Director	$0	$0	$0
Michael Rolerson	Director	1.00	Director	$0	$0	$0
Cherie Merrill	Executive Dir.	40.00	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	No data	No data	No data	No data
2023	$729,440	$775,996	$1,428,035	$-46,556
2022	$692,367	$660,415	$1,469,086	$31,952
2021	$637,955	$526,249	$1,431,838	$111,706
2020	$684,097	$333,073	$1,316,782	$351,024
2019	$911,310	$298,167	$962,120	$613,143
2018	$254,775	$221,766	$348,958	$33,009

Belfast Soup Kitchen