Second Harvest Properties Inc (EIN 810881106) - 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

2015

Legal Domicile

Principal Officer

Kay Carter

Phone

7043761785

Tax Period

2021-07-01 to 2022-06-30

Mission

Support the mission and activities of Second Harvest Food Bank of Metrolina by holding a leasehold interest in certain property; renovating and constructing improvements on such property in order to improve or enhance an existing facility to be subleased to the Food Bank for use in its operations.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,022,826

Other Expenses $1,197,371

TOTAL EXPENSES $1,197,371

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	N/A	N/A
Expenses	$1,197,371	$1,062,941	+0.1%
Net Income	N/A	$-1,062,941	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Carter	CEO	5.00	Officer Director	$0	$0	$0
Mike Luke	Vice President	5.00	Officer Director	$0	$0	$0
Kathy Helms	Secretary	3.75	Officer Director	$0	$0	$0
Bill Tripet	Director	1.00	Director	$0	$0	$0
Christy Phillips-Brown	Director	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
2022	No data	$1,197,371	$13,257,775	No data
2021	No data	$1,062,941	$14,335,211	No data
2020	No data	$994,478	$15,246,370	No data
2019	No data	$969,658	$15,545,503	No data
2018	No data	$328,517	$17,192,935	No data

Second Harvest Properties Inc