GREENVILLE MINISTRY SUPPORT 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

2023

Legal Domicile

Principal Officer

NORREEN FURNESS

Phone

9199315936

Tax Period

2024-01-01 to 2024-12-31

GREENVILLE MINISTRY SUPPORT INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $684K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION OPERATES A THRIFT STORE THAT RECEIVES DONATED CLOTHES AND HOUSEHOLD GOODS.

Program Service Accomplishments

Program 1

Expenses: $641,228

THE ORGANIZATION OPERATES A THRIFT STORE IN GREENVILLE, NC WHICH RECEIVES, PROCESSES, AND SELLS DONATED GOODS PROVIDED BY DONORS IN PITT COUNTY AND SURROUNDING COUNTIES. THE THRIFT STORE PROVIDES...

THE ORGANIZATION OPERATES A THRIFT STORE IN GREENVILLE, NC WHICH RECEIVES, PROCESSES, AND SELLS DONATED GOODS PROVIDED BY DONORS IN PITT COUNTY AND SURROUNDING COUNTIES. THE THRIFT STORE PROVIDES AFFORDABLE CLOTHING AND HOUSEHOLD GOODS TO LOCAL CUSTOMERS WHICH PROVIDES FUNDING TO SUPPORT LOCAL AND INTERNATIONAL CHRISTIAN MINISTRIES.

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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 $683,555

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $683,555

Expense Breakdown

Grants Paid $8,459

Salaries & Benefits $455,413

Fundraising Expenses $35,727

Program Expenses $641,228

Other Expenses $258,963

TOTAL EXPENSES $722,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,555	N/A	N/A
Expenses	$722,835	$11,834	+60.1%
Net Income	$-39,280	$-11,834	+2.3%

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

Volunteers

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
JAY COX	TREASURER/DI	1.00	Officer Director	$0	$0	$0
SHARON JUSTICE	SECRETARY/DI	1.00	Officer Director	$0	$0	$0
WATSI SUTTON	VICE CHAIR/D	1.00	Officer Director	$0	$0	$0
NORREEN FURNESS	CHAIR/DIRECT	1.00	Officer 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	No data	No data	No data	No data
2024	$683,555	$722,835	$271,334	$-39,280
2023	No data	$11,834	$163,166	No data