Kingsport, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
KHM purchased a 13,300 sq ft building and we essentially completed the process of renovating the building to code to allow for the opening. The night shelter renovation (40) beds opened on December...
KHM purchased a 13,300 sq ft building and we essentially completed the process of renovating the building to code to allow for the opening. The night shelter renovation (40) beds opened on December 2. Counseling center has been open for over 2 years with annual client contacts exceeding 1,100 per year. We work daily with other agencies providing needed team work. We have made available space at no charge, for a College to place 6 dental chairs for their dental school students allowing them to provide free dental care for homeless and underserved . In the same dental suite another non-profit will provide free vision services and make dentures in their lab. We have hired an executive director and previously hired a shelter director who has been providing casework services during the renovation of the building. The community has shown strong financial support for the purchase and renovation of the shelter to be known as Grace House
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare KINGSPORT HOMELESS MINISTRY INC with other nonprofits in Tennessee and across the country.