SALEM INTERFAITH HOSPITALITY NETWORK (EIN 931234367) - 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

1997

Legal Domicile

Principal Officer

THEODORE J PUTMAN

Phone

5033709752

Tax Period

2024-01-01 to 2024-12-31

SALEM INTERFAITH HOSPITALITY NETWORK, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $816K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $912K exceeded revenue, resulting in a 12% operating deficit.

Mission

WE ARE CONGREGATIONALS PRACTICING HOSPITALITY TO STAND TOGETHER AGAINST HOMELESSNESS AND TO SEE LIVES CHANGED; INCLUDING OUR OWN.

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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 $766,988

Program Service Revenue $36,104

Investment Income $12,672

Other Revenue $0

TOTAL REVENUE $815,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,154

Fundraising Expenses $30,538

Program Expenses $844,182

Other Expenses $608,036

TOTAL EXPENSES $912,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$815,764	$545,733	+0.5%
Expenses	$912,190	$572,707	+0.6%
Net Income	$-96,426	$-26,974	+2.6%

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

Volunteers

847

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

$111,804

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THEODORE J PUTMAN	EXECUTIVE DIRECTOR	45	Key Emp	$104,244	$7,560	$111,804
DWAYNE HILTY	PRESIDENT	1	Officer Director	$0	$0	$0
CHRISTY SPENCER	VICE PRESIDENT	1	Officer Director	$0	$0	$0
MIRIAM HAUGEN	TREASURER	1	Officer Director	$0	$0	$0
GIGI MERRILL	SECRETARY	1	Officer Director	$0	$0	$0
KAREN HALVORSON	BOARD MEMBER	1	Director	$0	$0	$0
MOLLY EDWARDS	BOARD MEMBER	1	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	$815,764	$912,190	$1,951,553	$-96,426
2023	$545,733	$572,707	$1,820,157	$-26,974
2022	$1,139,614	$1,140,653	$1,862,028	$-1,039
2021	$1,958,879	$1,040,038	$1,626,958	$918,841
2020	$893,559	$700,757	$728,333	$192,802
2019	$655,802	$637,346	$471,723	$18,456
2018	$572,938	$612,055	$601,288	$-39,117

SALEM INTERFAITH HOSPITALITY NETWORK