SHFBNWNC HEADQUARTERS 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

ERIC A AFT

Phone

3367845770

Tax Period

2024-07-01 to 2025-06-30

SHFBNWNC HEADQUARTERS INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $560K in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 185% operating deficit.

Mission

TO SUPPORT SECOND HARVEST FOOD BANK OF NORTHWEST NC INC, A RELATED 501C3 NONPROFIT ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $1,596,082

THE ORGANIZATION MANAGES THE FINANCING OF A FACILITY AND LAND TO BE USED BY ITS SUPPORTED ORGANIZATION, SECOND HARVEST FOOD BANK OF NORTHWESTERN NC INC FOR ITS OPERATIONS, ENSURES THE PROPER...

THE ORGANIZATION MANAGES THE FINANCING OF A FACILITY AND LAND TO BE USED BY ITS SUPPORTED ORGANIZATION, SECOND HARVEST FOOD BANK OF NORTHWESTERN NC INC FOR ITS OPERATIONS, ENSURES THE PROPER EXECUTION OF THE REQUIREMENTS OF THE NEW MARKETS TAX CREDIT REQUIREMENT, AND OVERSEES THE MANAGEMENT OF THE BUILDING AND GROUNDS.

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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 $0

Program Service Revenue $559,780

Investment Income $0

Other Revenue $0

TOTAL REVENUE $559,780

Expense Breakdown

Grants Paid $364,529

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,596,082

Other Expenses $1,232,603

TOTAL EXPENSES $1,597,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,780	N/A	N/A
Expenses	$1,597,132	$1,591,616	+0.0%
Net Income	$-1,037,352	$-1,591,616	-0.3%

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

$256,673

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GARCIA	CHAIR	1.50	Officer Director	$0	$0	$0
GORDON SLADE	VICE CHAIR	1.50	Officer Director	$0	$0	$0
ERIC A AFT	SECRETARY	1.50	Officer	$0	$22,745	$256,673
MILTON KERN	TREASURER	1.50	Officer Director	$0	$0	$0
CATHY LARMORE	DIRECTOR	1.50	Director	$0	$0	$0
VICTOR ISLER	DIRECTOR	1.50	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	$559,780	$1,597,132	$22,090,186	$-1,037,352
2024	No data	$1,591,616	$23,104,158	No data
2023	No data	$1,123,877	$24,140,367	No data
2022	No data	$7,278	$24,103,112	No data