DOWNTOWN SOUP KITCHEN 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

2002

Legal Domicile

Principal Officer

SHERRIE LAURIE

Phone

9072774302

Tax Period

2024-09-01 to 2025-08-31

DOWNTOWN SOUP KITCHEN INC, founded in 2002, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE DOWNTOWN SOUP KITCHEN HOPE CENTER, INSPIRED BY THE LOVE OF GOD, OFFERS THOSE IN NEED SUPPORT, SHELTER, SUSTENANCE AND SKILLS TO TRANSFORM THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $1,502,095 Revenue: $105,664

FEED ME HOPE CULINARY ARTS AND BAKERY PROGRAM: THE CULINARY PROGRAM IS A 16-WEEK CULINARY ARTS JOB TRAINING PROGRAM. THIS PROGRAM PROVIDES THE OPPORTUNITY FOR HOMELESS AND DISADVANTAGED MEN AND WOMEN TO ACHIEVE SELF- SUFFICIENCY THROUGH LIFE SKILLS, JOB SKILL TRAINING, AND EMPLOYMENT IN THE FOOD SERVICE INDUSTRY. THE FEED ME HOPE BAKERY JOB TRAINING OFFERS WOMEN FROM THE SHELTER THE OPPORTUNITY TO DEVELOP SKILLS THEY NEED TO EFFECTIVELY OPERATE A FULLY FUNCTIONING BAKERY. WHILE IN THE FMH BAKERY PROGRAM THE WOMEN BAKE BREAD FOR OUR DAILY LUNCH FEEDING PROGRAM, FILL ORDERS DAILY FOR CUSTOMERS AND LOCAL ESTABLISHMENTS, AND OPERATE A FOOD TRUCK AT LOCAL MARKETS ON THE WEEKENDS. SEE SCHEDULE O FOR CONTINUED DESCRIPTION.

Program 2

Expenses: $643,368

WOMENS SHELTER PROVIDES A WARM, HEALTHY, AND SECURE PLACE TO SLEEP EIGHTY (80) WOMEN EACH NIGHT. THEY HAVE THE OPPORTUNITY TO SHOWER AND HAVE THEIR LAUNDRY DONE. IN ADDITION, THE WOMEN RESIDING IN...

WOMENS SHELTER PROVIDES A WARM, HEALTHY, AND SECURE PLACE TO SLEEP EIGHTY (80) WOMEN EACH NIGHT. THEY HAVE THE OPPORTUNITY TO SHOWER AND HAVE THEIR LAUNDRY DONE. IN ADDITION, THE WOMEN RESIDING IN OUR SHELTER RECEIVED THREE (3) HEALTHY MEALS EACH DAY FOR A TOTAL OF 73,356 MEALS. HEALTHY SNACKS ARE ALSO OFFERED DURING THE DAY.

Program 3

Expenses: $231,114 Revenue: $115,750

SUITE HOPE IS DOWNTOWN HOPE CENTERS TRANSITIONAL AND STUDENT HOUSING PROGRAM. CURRENTLY 5 STUDENTS AND 15 GRADUATES FROM THE FEED ME HOPE CULINARY ARTS AND FEEDING PROGRAM LIVE IN THE FACILITY. NINE GRADUATES RESIDING AT SUITE HOPE ARE EMPLOYED BY DOWNTOWN HOPE CENTER. THE ADDITIONAL 6 GRADUATES ARE EMPLOYED IN THE COMMUNITY AND PAY A PROGRAM FEE TO RESIDE AT SUITE HOPE FOR 1 YEAR.

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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 $2,546,177

Program Service Revenue $221,414

Investment Income $-3,045

Other Revenue $594

TOTAL REVENUE $2,765,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,343,547

Fundraising Expenses $50,148

Program Expenses $2,537,584

Other Expenses $1,343,215

TOTAL EXPENSES $2,686,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,765,140	$2,515,949	+0.1%
Expenses	$2,686,762	$2,568,679	+0.0%
Net Income	$78,378	$-52,730	-2.5%

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

Employees

Volunteers

3192

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRIE LAURIE	EXECUTIVE DI	40.00	Officer	$100,000	$0	$100,000
JOHN J BENTZ BEGAN 1224	CHAIRMAN	8.00	Officer Director	$0	$0	$0
DEAN WILLIAMS BEGAN 125	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
BRAD MILLER THRU 125	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
LINDA WAGGONER FROM 1024 - 125	SECRETARY	4.00	Officer Director	$0	$0	$0
RUTH PACKO FROM 125 - 126	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES MARTIN	MEMBER	4.00	Director	$0	$0	$0
LORRAINE O'NEAL	MEMBER	4.00	Director	$0	$0	$0
PAULA BIRMINGHAM BEGAN 1224	MEMBER	4.00	Director	$0	$0	$0
JENNY DAVIS BEGAN 1224	MEMBER	4.00	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	$2,765,140	$2,686,762	$5,223,447	$78,378
2024	$2,515,949	$2,568,679	$5,136,775	$-52,730
2023	$2,364,724	$2,362,670	$5,221,164	$2,054
2022	$2,215,412	$1,981,122	$5,350,440	$234,290
2021	$1,984,235	$1,647,052	$3,912,981	$337,183
2020	$1,453,356	$1,473,912	$3,560,578	$-20,556
2019	$1,451,876	$1,566,512	$3,584,584	$-114,636
2018	$1,406,140	$1,511,897	$3,690,185	$-105,757