MIDSOUTH HOPE GARAGE (EIN 843003567) - 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

JEREMY BRUMMER

Phone

6013591633

Tax Period

2024-01-01 to 2024-12-31

MIDSOUTH HOPE GARAGE, founded in 2019, is a small nonprofit in the Human Services sector that reported $332K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 20% operating margin.

Mission

MHG will provide automobiles for those who cannot afford it via donors of vehicles. There is an application process for those in need of services, and the applicant must provide insurance and current licens

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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 $330,637

Program Service Revenue $0

Investment Income $1,126

Other Revenue $0

TOTAL REVENUE $331,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,272

Fundraising Expenses $0

Program Expenses $246,362

Other Expenses $171,507

TOTAL EXPENSES $266,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,763	$254,933	+0.3%
Expenses	$266,779	$113,354	+1.4%
Net Income	$64,984	$141,579	-0.5%

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

N/A

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

$4,734

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY BRUMMER	EXEC DIRECTOR	020.00	Key Emp	$4,734	$0	$4,734
LOREN FULLER	BOARD CHAIR	001.00	Officer Director	$0	$0	$0
BARRY CARTER	CO-BD CHAIR	001.00	Officer Director	$0	$0	$0
MAX ALDRICH	SECT/TREASURER	001.00	Officer Director	$0	$0	$0
JEFF COX	BD MEMBER	001.00	Director	$0	$0	$0
HANNAH KNIGHT	BD MEMBER	001.00	Director	$0	$0	$0
MIKE MCCASKILL	BD MEMBER	001.00	Director	$0	$0	$0
JACK HURDLE	BD MEMBER	001.00	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
2025	No data	No data	No data	No data
2024	$331,763	$266,779	$209,857	$64,984
2023	$254,933	$113,354	$136,642	$141,579

MIDSOUTH HOPE GARAGE