KINGSPORT HOMELESS MINISTRY INC (EIN 842921410) - 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

2019

Legal Domicile

Principal Officer

MICHAEL L LATTIER

Phone

4237320522

Tax Period

2024-07-01 to 2025-06-30

KINGSPORT HOMELESS MINISTRY INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $401K in total revenue in fiscal year 2024. Revenue surged 722% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 23% operating margin.

Mission

Purchase and operation of a therapeutic day center and night shelter for homeless individuals. We have social workers, counselors and security on-site to provide support for housing, referrals to services for health, mental health, drug & alcohol programs and job placement

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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 (2024)

Revenue Breakdown

Contributions & Grants $391,724

Program Service Revenue $0

Investment Income $502

Other Revenue $8,275

TOTAL REVENUE $400,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,555

Fundraising Expenses $0

Program Expenses $264,961

Other Expenses $126,879

TOTAL EXPENSES $306,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,501	$48,735	+7.2%
Expenses	$306,434	$88,269	+2.5%
Net Income	$94,067	$-39,534	-3.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FAGERBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY VENZON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA MCMURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY FLOWERS	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL L LATTIER	PRESIDENT	2.00	Officer	$0	$0	$0
BETSY PRESTON	SECRETARY	5.00	Officer	$0	$0	$0
CHARLES D ROYSTON	TREASURER	25.00	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
2025	$400,501	$306,434	$751,139	$94,067
2024	$48,735	$88,269	$627,389	$-39,534
2023	$71,632	$69,054	$698,601	$2,578
2022	$678,501	$9,888	$695,101	$668,613

KINGSPORT HOMELESS MINISTRY INC