MERCY HOUSE INC

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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

2018

Legal Domicile

Principal Officer

DREW WOODS

Phone

3346763040

Tax Period

2023-01-01 to 2023-12-31

MERCY HOUSE INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $798K, a strong 41% operating margin.

Mission

THE MERCY HOUSE PROVIDES SPIRITUAL, SOCIAL, AND EDUCATIONAL SERVICES TO PEOPLE IN NEED. OUR PURPOSE IS TO REDIRECT LIVES THROUGH THE SERVICES WE PROVIDE.

Program Service Accomplishments

Program 1

Expenses: $1,005,133

WE PROVIDE HOT MEALS SIX DAYS A WEEK TO ANY HUNGRY PEOPLE THAT WALK INTO THE MERCY HOUSE, AS WELL AS PROVIDING AREA HOMELESS WITH HOT SHOWERS, A PLACE TO WASH AND DRY THEIR CLOTHES, OR OBTAIN A CLEAN SET OF CLOTHES, AND PROVIDE A SAFE PLACE FOR AREA CHILDREN TO GET NUTRITIONAL SNACKS AND MEALS WHEN THEY ARE NOT IN SCHOOL.

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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 $1,898,744

Program Service Revenue $0

Investment Income $0

Other Revenue $70,806

TOTAL REVENUE $1,969,550

Expense Breakdown

Grants Paid $65,747

Salaries & Benefits $593,745

Fundraising Expenses $65,312

Program Expenses $1,005,133

Other Expenses $511,644

TOTAL EXPENSES $1,171,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,969,550	$883,883	+1.2%
Expenses	$1,171,136	$988,887	+0.2%
Net Income	$798,414	$-105,004	-8.6%

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

$73,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD AUSTIN	MEMBER	0.10	Director	$0	$0	$0
ANTHONY BROCK	MEMBER	0.10	Director	$0	$0	$0
DONALD MIMS	MEMBER	0.10	Director	$0	$0	$0
CAROL RICKARD	MEMBER	0.10	Director	$0	$0	$0
BISHOP KYLE SEARCY	MEMBER	0.10	Director	$0	$0	$0
DREW WOODS	CHAIRMAN	0.10	Officer Director	$0	$0	$0
SHENA DAVIDSON	SECRETARY	0.10	Officer Director	$0	$0	$0
KIMBERLY BAKER	MEMBER	0.10	Director	$0	$0	$0
MARY BOONE	MEMBER	0.10	Director	$0	$0	$0
DR SHEILA AUSTIN	MEMBER	0.10	Director	$0	$0	$0
LEON HAMPTON	VICE-CHAIRMAN	0.10	Officer Director	$0	$0	$0
DR DOUG CHAMBERS	MEMBER	0.10	Director	$0	$0	$0
TRAVIS DENT	MEMBER	0.10	Director	$0	$0	$0
LEE ELLIS	MEMBER	0.10	Director	$0	$0	$0
FELECIA MARTIN	MEMBER	0.10	Director	$0	$0	$0
LARRY PUCKETT	MEMBER	0.10	Director	$0	$0	$0
KEN ROACH	MEMBER	0.10	Director	$0	$0	$0
KENNETH AUSTIN	EXECUTIVE DIRECTOR	40.00	Officer	$73,200	$0	$73,200

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	$1,969,550	$1,171,136	$1,180,679	$798,414
2022	$883,883	$988,887	$382,414	$-105,004
2021	$979,248	$685,629	$490,848	$293,619
2020	$313,541	$286,009	$195,785	$27,532
2019	$290,681	$201,337	$163,996	$89,344