MEET THE NEED 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

2020

Legal Domicile

Principal Officer

PAMELA JONES

Phone

5732332980

Tax Period

2024-01-01 to 2024-12-31

MEET THE NEED INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ENHANCE THE LIVELIHOOD OF FAMILIES THROUGH PROVIDING PROGRMS AND RESOURCES TO PEOPLE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $19,981

TO PROVIDE TRAINING AND EDUCATION TO UNEMPLOYED, UNDEREMPLOYED AND DISPLACED ADULT WORKERS IN THE COMMUNITY AND ELEVEN-COUNTY REGION.

Program 2

Expenses: $75,602

TO PROVIDE FOOD AND SERVICES TO ANY AND ALL PEOPLE WHO FACE FOOD INSECURITIES WITHIN THE COMMUNITY AND REGION.

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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 $167,803

Program Service Revenue $0

Investment Income $83

Other Revenue $0

TOTAL REVENUE $167,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,972

Fundraising Expenses $0

Program Expenses $95,583

Other Expenses $121,365

TOTAL EXPENSES $191,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,886	$229,251	-0.3%
Expenses	$191,337	$76,819	+1.5%
Net Income	$-23,451	$152,432	-1.2%

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

N/A

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
MICHAEL WILDERNESS	PRESIDENT	1.00	Director	$0	$0	$0
DEBORAH TURNER	SECRETARY	1.00	Director	$0	$0	$0
PRESTON MOORE	TREASURER	1.00	Director	$0	$0	$0
RODNEY JONES	MEMBER	1.00	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
2024	$167,886	$191,337	$692,585	$-23,451
2023	$229,251	$76,819	$219,318	$152,432