Sharing Ministries 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

1996

Legal Domicile

Principal Officer

Oneda Doyal

Phone

9702408385

Tax Period

2023-01-01 to 2023-12-31

Sharing Ministries Inc, founded in 1996, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 270% from the prior year, signaling strong growth momentum.

Mission

To provide food at no charge to individuals and families in need

Program Service Accomplishments

Program 1

Expenses: $2,017,098

501 tons of food and 18 tons of non-food items were distributed to low income families, indigant, and homeless people. Sharing Ministries, Inc. provides warehouses at which people in difficult...

501 tons of food and 18 tons of non-food items were distributed to low income families, indigant, and homeless people. Sharing Ministries, Inc. provides warehouses at which people in difficult circumstances can obtain free food and related non-food household items. All food is distributed to anyone who needs it. No distinction or discrimination in distribution is tolerated.

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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 $2,095,270

Program Service Revenue $0

Investment Income $15,492

Other Revenue $34,277

TOTAL REVENUE $2,145,039

Expense Breakdown

Grants Paid $1,836,364

Salaries & Benefits $165,520

Fundraising Expenses $36,324

Program Expenses $2,017,098

Other Expenses $197,041

TOTAL EXPENSES $2,198,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,145,039	$580,243	+2.7%
Expenses	$2,198,925	$607,046	+2.6%
Net Income	$-53,886	$-26,803	+1.0%

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

100

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
Melissa Goddard	president	001.00	Officer Director	$0	$0	$0
Eric Kovall	treasurer	001.00	Officer Director	$0	$0	$0
John Crane	vice president	001.00	Officer Director	$0	$0	$0
Oneda Doyal	Executive Director	050.00	Officer Director	$0	$0	$0
Audrey Sarzio	director	001.00	Director	$0	$0	$0
Katie Yates	director	001.00	Director	$0	$0	$0
Barb Bechtold	director	001.00	Director	$0	$0	$0
Jessica Wallace	director	001.00	Director	$0	$0	$0
Whitney LaChapelle	secretary	001.00	Officer 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	$2,145,039	$2,198,925	$2,244,137	$-53,886
2022	$580,243	$607,046	$2,300,228	$-26,803
2021	$660,188	$570,105	$2,331,501	$90,083
2020	$988,000	$608,733	$2,246,492	$379,267
2019	$496,548	$575,553	$1,851,077	$-79,005
2018	$579,823	$623,256	$1,929,453	$-43,433