AGAPE ARDMORE 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

2021

Legal Domicile

Principal Officer

KORI THOMPSON

Phone

5802227811

Tax Period

2023-01-01 to 2023-12-31

AGAPE ARDMORE INC, founded in 2021, is a micro nonprofit in the Housing & Shelter sector that reported $33K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $29K left a modest 12% surplus.

Mission

TO UPLIFT INDIVIDUALS AND FAMILIES, WE'RE DEICATED TO BREAKING THE CYCLE OF POVERTY THROUGH PRACTICAL INTITIATIVES. FROM PROVIDING AFFORDABLE HOUSING VOUCHERS TO ESTABLISHING COMMUNITY GARDENS AND RUNNING A COMPASSIONATE THRIFT STORE, AGAPE ARDMORE IS COMMITTED TO FOSTERING POSITIVE CHANGE.

Program Service Accomplishments

Program 1

Expenses: $3,030 Revenue: $2,901

THE STUFF STORE. WHICH IS AN CONSIGNMENT STORE FOR LOW INCOME FAMILIES.

Program 2

Expenses: $25,987 Revenue: $62,384

AFFORDABLE HOUSING TO LOW INCOME FAMILIES.

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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 $25,170

Program Service Revenue $2,901

Investment Income $35,801

Other Revenue $-31,070

TOTAL REVENUE $32,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,017

Other Expenses $29,017

TOTAL EXPENSES $29,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,802	$24,573	+0.3%
Expenses	$29,017	$15,497	+0.9%
Net Income	$3,785	$9,076	-0.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
KORI THOMPSON	PRESIDENT	Director	$0	$0	$0
JENNIFER MACKEY	SECRETARY	Officer	$0	$0	$0
EMILY KING	TREASURER	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
2024	No data	No data	No data	No data
2023	$32,802	$29,017	$114,905	$3,785