Interfaith Assistance Ministry Inc

Nonprofit profile at a glance

EIN
581556963
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Hendersonville, NC, USA
Phone
8286977029
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Emergency Assistance
Affiliation
Interfaith

Reported finances

Revenue
$8,516,421
Expenses
$6,970,905
Assets
$11,122,212
Liabilities
$416,127

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • Elizabeth Moss ((Exiting) Executive Director)
  • Matthew Hutcherson ((Incoming) Executive Director)
  • Paige Posey (President)
  • Sissy Rogers (Vice President)
  • Linda Showalter (Immediate Past President)

Highest reported compensation

  • Elizabeth Moss ((Exiting) Executive Director): $127,998 total reported compensation
  • Patrick Nolan (CFO): $118,740 total reported compensation
  • Matthew Hutcherson ((Incoming) Executive Director): $2,433 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist members of our community experiencing crisis with basic needs, in an atmosphere of compassion and respect.

What it reported doing in 2025

IAM provided 113,074 crisis service touches to neighbors in need in 2025. Our Food Assistance Department provided nutritious food that fed 21,001 unduplicated children and adults. Our Mobile Pantry made 47 trips into the community and served 4,704 households. . IAM participated in the Healthy Opportunities Pilot program, until the program paused in June 2025, and provided 15,423 Healthy Food Boxes, 6,976 Fruit and Vegetable Prescriptions and 10,402 Healthy Meals to program participants in Henderson, Transylvania, Polk and Rutherford counties.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 96
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.8%; rating input score 75
  • Program expense ratio: 91.1%; rating input score 91
  • Fundraising efficiency: $26.45 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.1%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 19.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 16.6% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 74.8% of revenue deployed · 91.1% of spending went to programs
  • Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.4M in reported program spending
  • Leadership: top reported pay $128K · 20 people listed
  • Highest-paid contractors: 1 contractor listed · $349K reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Total-asset coverage ratio scored 50/100.